Limited Liabilities Partnership
Shlok Tax Wala is a nation’s leading services provider driven to make the filing process smart, simple and affordable. We are committed to helping you grow your business; add value and protect your Innovation or Idea through our expertise by getting Limited Liability Partnership Registration within a very short span of 7 days.
Commence Your Business with Assistance from Top-Rated Professionals.
Shlok Tax Wala (LLP) is yet another corporate business setup that offers the advantages of limited liability akin to a company, alongside the flexibility inherent in a partnership. Shlok Tax Wala enjoys continuous existence regardless of alterations in its partners; it possesses the capacity to enter into contracts and hold property under its own name. As a separate legal entity, Shlok Tax Wala is liable to the full extent of its assets, while the liability of its partners is restricted to their predetermined contributions within the LLP. Moreover, no partner bears liability for the independent or unauthorized actions of others, thereby shielding individual partners from the joint liability arising from the wrongful business decisions or misconduct of fellow partners. Given that Shlok Tax Wala combines elements from both a corporate structure and a partnership firm, it is often referred to as a hybrid between a company and a partnership. At Shlok Tax Wala, we offer expedited LLP registration services, ensuring complete compliance within a span of 25 days.
Choose LLP because
#1 Limits the liability of partners
#2 Operates based on an agreement
#3 Flexibility without imposing detailed legal and procedural requirements
#4 Double advantage- company and a partnership
#5 No partner is liable on account of the independent or un-authorized acts of other partners
#6 Ability of partners to manage the business directly
#7 Easy to raise funds from partners, banks and NBFCs
#8 Uninterrupted existence that follows perpetual succession
#9 Transferring of ownership is simple
#10 Suitable for small and medium size business because of less compliances
Papers & Forms Required
#1 Identity Proof of Directors & Shareholders
#2 Address Proof of Directors & Shareholders
#3 Proof of Nationality for Foreign Nationals
#4 Latest Electricity bill, telephone bill & Bank statement of directors
#5 Passport size photo of directors and shareholders
#6 If property on rent, then rent agreement with NOC from landlord
Mandatory Requirements
#1 Minimum 2 partners
#2 Maximum- No limit
#3 1 partner must be an Indian Citizen and Indian Resident
#4 Unique Company Name
#5 Minimum authorized capital of INR 1 Lakh
#6 DSC & DPIN of every partner
Registration Process
Post incorporation compliances by LLP
#1 Income tax return filing using form ITR 5
#2 Filing of annual return on MCA using form 11 & form 8. It contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners
#3 GST registration & GST return filing
#4 TDS return filing
#4 Every LLP whose capital contribution exceeds Rs.25 lakhs or annual turnover exceeds Rs.40 lakhs must get the accounts audited by a Chartered Accountant in Practice. There is no mandatory audit requirement for other LLP’s
#4 Trademark registration
Frequently Asked Questions
A: You can get it easily by using our expert services, it will usually take 10-12 days. You are required to fill a simple 20 min questionaries’ on our website.
A: Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and severally for all acts of the firm done while he is a partner. Under LLP structure, liability of the partner is limited to his agreed contribution. Further, no partner is liable on account of the independent or un-authorized acts of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful acts or misconduct.
A basic difference between an LLP and a joint stock company lies in the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners.
We have various packages available starting at INR 6,237/- to carry out the registration process.
Minimum-2, Maximum-No limit.
He/she should be of 18 years or older.
This is simplified proforma for incorporating company online under which multiple applications can be filled under one form.
No, this is completely online process. All Papers and forms will get filled electronically. You just need to send us scanned copy. Some Papers and forms will also have to be couriered to our office.
It will not take longer than 7 days subject to the availability of the Papers and forms.
Yes, however one partner should be resident in Indian.
Yes, existing partnership firm & unlisted company can be converted into LLP.
Yes, every company registered in India must have registered office in India.
You can take Ontaxco expertise help to get the clarity on availability of name.
It will be provided as a PDF given by MCA.
MOA is memorandum of association contains the details of main/ancillary and other objects of the company. AOA is article of association contains the details of rules and procedure to conduct a business along with the details of authorized share capital.
Yes, but you are require to submit utility bill copy for the same.
In that case our expert will offer you some concession or discount.