Register as LLP company in India with SwiftTax. It’s fast and easy – just fill up the form and upload your documents, and let our experts do their best for you.
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Register as LLP company in India with SwiftTax. It’s fast and easy – just fill up the form and upload your documents, and let our experts do their best for you.
LLP Registration is an easy-to-manage business incorporation alternative in India. As it offers the advantages of a company and the flexibility of a partnership from a single organization. With the recent changes in business world dynamics and the adoption of hybrid ecosystems, the LLP has become a suitable option for setting a small, and medium-sized businesses, as it requires a minimum of two partners and does not have an upper limit, and comes with responsibility for your own acts (In an LLP one partner is not responsible for the misconduct and negligence of the other partner).
PanPanVoterAadharAadharLease AgreementPanPanVoterAadharAadharLease AgreementWe professionally document the LLP deed and provide a walkthrough for partners. This deed helps you to keep partners solely responsible for compliance and all the provisions that are specified in the LLP agreement.
We offer 360-degree GST compliance services from registration to returns filing. Avail maximum tax benefits for your business while keeping your business tax compliant.
A current bank account will be opened under the name of the business to keep your business entity compliant with taxes.
SwiftTax expert assistance helps you register and obtain a unique electronic signature for enlisting all your digital documentation and verification needs.
The Certificate of Incorporation (COI) is a document issued by the Ministry of Corporate Affairs (MCA) as conclusive evidence of the formation of a Limited Liability Partnership (LLP). This certificate is issued after the LLP has been successfully registered and all the required documentation has been submitted to the MCA.
The last date for filing this form is 30th October of each financial year. If the form is not filed by this date, a penalty of INR 100 per day may be imposed. It is important to file this form on time to avoid any penalties or issues.
The process of incorporating a Limited Liability Partnership (LLP) in India generally takes about 10-20 business days. However, the exact time may vary based on the complexity of the documents and the availability of the required information. It is advisable to complete the process in a timely manner to avoid any delays or issues.
In India, Limited Liability Partnerships (LLPs) are required to register for Goods and Services Tax (GST) if their annual turnover exceeds INR 20 lakh (about $26,500). If the turnover of the LLP is below this threshold, GST registration is not mandatory but may still be desirable for some businesses. It is important to note that the GST threshold may vary based on the state in which the LLP is registered.
Limited Liability Partnerships (LLPs) in India are eligible for several tax benefits and exemptions, such as:
In an LLP, a partner is taxed on their share of the profits generated by the partnership. For higher tax rate taxpayers, this means that they will pay 40% or 45% income tax on their share of the LLP profits. However, a company may be taxed at a lower rate of 19% for corporation tax. It is important to note that the tax rate applied to LLP profits and the tax rate applied to corporate profits may vary based on the specific circumstances of the business and are subject to change.
IIn India, Limited Liability Partnerships (LLPs) are required to have their accounts audited as per Rule 24 of the LLP Rules 2009. However, LLPs whose annual turnover does not exceed INR 40 lakh (about $53,000) or whose contribution does not exceed INR 25 lakh (about $33,000) in any financial year are not required to have their accounts audited. It is advisable to consult with a professional or the relevant authorities to determine the applicable rules for your LLP.
