WE OFFER

We offer a spectrum of services to domestic and foreign companies which includes Company Registration & their Annual Compliances, Secretarial & Legal assistance, MIS & Data Analytics, Business Intelligence & Interactive dashboarding, Accounting & Bookkeeping and Business Process Outsourcing. We are a team of professionals with competitive pricing. You may register your query through ‘Chat with us’ at the bottom of this page or send us an e-mail on [email protected] or find our details on ‘Contact us’ page. Our Specialist Advisor will get back to you in 2-3 working days.

L

imited Liability Partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It is well defined as a structure which is easy to incorporate with minimal compliance formalities. If you are a micro or small business owner which is family owned or held closely and/or a business professional, this form of business is designed for you. It is one of the easiest form of businesses to incorporate and manage in India. The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. A LLP also provides limited liability protection for the owners from the debts of the LLP.

It is a separate legal entity governed by the LLP Act of 2008 which allows you to enter into contract with other entities, sue or be sued, own assets and borrow funds in the name of LLP firm. This distinguishes it from a regular partnership firm.

LLP agreement would define the operating structure which includes roles and responsibilities of partners. Usually, LLPs select a ‘Designated Partner’ who controls the day-to-day affairs of the firm.  It also helps in protecting partner’s interest in case of loss due to unlawful act of any other partner

If you want to safeguard your personal assets in case of loss or insolvency, this is your cup of tea. One partner is not held responsible for the actions of negligence or misconduct of any other partner. Liability of financial contribution of any partner is restricted to the capital contribution as per the LLP agreement.

LLP requires lesser compliances over a Private Limited Company. There are many compliances that do not apply to this structure such as board meetings, audit requirements, statutory meetings, etc. In addition, the services offered by professionals are economical for LLPs as compared to a private company. This may be ideal for start-ups who do not have any equity funding requirements.

Since LLP  is a separate legal entity separate from its Managing Partners, the ownership of the LLP can be changed by changing the Managing Partners, the ownership of the LLP can be changed.

There are multiple tax advantages to LLP:

  • Partners can give a loan to LLP and vice-versa. There is no restriction in receiving or providing loans.
  • There is no dividend tax in case of LLP but in the private limited company, if you want to pull your profit from business it is taxable.
OUR PROCESS
DOCUMENTS REQUIRED
POST INCORPORATION
OUR PRICING
OUR PROCESS
WE COLLECT DETAILS

Please fill basic details in form & share required documents

SIT BACK & RELAX

Let us Do it for you. Do Nothing & collaborate with us

REGISTRATION DONE

We complete the process & incorporation certificate is given

This is what we do when YOU SIT BACK & RELAX

  • Review the documents and information provided
  • Apply for Digital Signature Certificate (DSC)
  • Check availability of company name with MCA
  • Draft Memorandum of Association (MOA)
  • Draft Articles of Association (AOA)
  • Draft all other incorporation documents
  • Reserve name with MCA
  • Apply for Directors Identification Number (DIN)
  • Apply for company incorporation with MCA
  • Apply for PAN and TAN of company
DOCUMENTS REQUIRED
Foreign Companies

In case of NRI or Foreign National, documents of partner(s) must be notarised and/or apostilled

Latest Passport size photograph of Partners

  • Aadhar card and Voter ID/ Passport/ Driving License of Partners
  • PAN Card of Partners
  • Foreign nationals must provide a valid passport

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Partners

The above documents should not be more than 2 months old

  • Latest Electricity Bill/ Telephone Bill of the registered office address
  • No Objection Certificate to be obtained from the owner(s) of registered office
  • Rent Agreement of the registered office should be provided if any

All other incorporation documents to be provided in soft copy

POST INCORPORATION

Maintaining books of accounts as per Indian GAAP

Books of accounts have to be maintained under different statutes – Income Tax Act, Companies Act 2013 and GST Act. All the respective acts specify the nature of books to be maintained, retention period and other statutory requirements

LLP Agreement

LLP Agreement must be filed with the Ministry of Corporate Affairs within 30 days of incorporation

Auditor appointment

Auditor has to be appointed within 30 days of LLP Incorporation

Annual Return

Annual Return has to be filed in LLP Form 11

Registered Office

LLP must have its registered office within 30 days from the date of incorporation and all the times thereafter

Letterheads

Letterheads should have few mandatory fields as name, address, Phone No, Fax, etc

Bank Account

Bank account of the LLP has to be opened on incorporation

TAN

Applying TAN of LLP on incorporation

PAN

Applying PAN of LLP on incorporation

TDS return

A TDS Return is submitted on a quarterly basis to Income Tax Department. It is a summary of all the transactions related to TDS made during a quarter

Income tax return

LLP is required to file their income tax return using Form ITR 5

GST Registration

Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST

GST returns

GST returns have to filed on monthly, quarterly and annual basis

Tax audit

Every LLP whose turnover exceeds INR 1 Cr. in case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited under section 44AB of the Income-tax Act

Statutory Audit

The accounts of every LLP shall be audited in accordance with Rule 24 of LLP, Rules 2009. Such rules, inter-alia, provides that any LLP, whose turnover does not exceed, in any financial year, forty lakh rupees, or whose contribution does not exceed twenty five lakh rupees, is not required to get its accounts audited. However, if the partners of such limited liability partnership decide to get the accounts of such LLP audited, the accounts shall be audited only in accordance with such rule

Transfer pricing rules and certificaion would be required

Any individual/company/LLP which has undertaken an international transaction with an associated enterprise is required to maintain documentation as per the rules. Also, any individual/company/LLP which has entered into an international transaction during a previous year is required to obtain an Accountant’s Report and furnish report before 30th November of the financial year

If a LLP fails to comply with the rules and regulations of the Companies Act, then the LLP and every officer who is in default shall be punishable with fine for the period for which default continues. In case of delays, additional fees is required to be paid and it inceases with time.

OUR PRICING
basic
₹5,999
All inclusive
ROC Incorporation fee
Digital Signature Certificate
Designated Partner Identification Number
LLP Name Reservation on MCA
Partnership Deed drafting
LLP Identification number
Permanent Account Number
Tax Deduction & Collection Account Number
LLP Incorporation Certificate
new
standard
Most Preferred
₹8,999
All inclusive
ROC Incorporation fee
Digital Signature Certificate
Designated Partner Identification Number
LLP Name Reservation on MCA
Partnership Deed drafting
LLP Identification Number
Permanent Account Number
Tax Deduction & Collection Account Number
LLP Incorporation Certificate
GST Registration
Form 8 filing
Form 11 filing
premium
₹15,999
All inclusive
ROC Incorporation fee
Digital Signature Certificate
Designated Partner Identification Number
LLP Name reservation on MCA
Partnership Deed drafting
LLP Identification Number
Permanent Account Number
Tax Deduction & Collection Account Number
LLP Incorporation Certificate
GST Registration
Form 8 filing
Form 11 filing
3 Months GST return
Income Tax filing
10% discount in annual compliance packages

WHAT OUR CUSTOMERs SPEAK

testimonial-team (Demo)
RAGHAV
Social worker

We used the team to get Section 8 company incorporated. The work was delivered within the timeframe and we were updated by them at every stage. Thanks a ton!!

testimonial-team (Demo)
MOHINI
Entrepreneur

We used the services of Stairfirst to get our LLP incorporated. The team was professional, and all our queries were answered with patience and professionalism. It is nice to get the services similar to any other Global consulting organisation at such affordable prices. I would strongly recommend to businesses & professionals

Connect with us
OUR OFFICE
14, First Floor, ILD Trade Centre, Sohna Road, Sector 47, Gurugram – 122018, India
OUR EMAIL
Drop us an email at
[email protected]
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'CHAT with us' or
call us at +91 956-098-2460