Limited Liability Partnership

INTRODUCTION TO LLP

LLP is a suggest business entity for

Brick Mortar, conventional businesses

Lowest Registration Cost No Board Meetings Lowest Taxation

Compared to a Private Limited Compared to a Private Limited Compared to a Private Limited
or an OPC LLP has the lowest or an OPC LLP need not or an OPC LLP has the lowest
registration fees conduct BM or AGM tax liability

Minimum Annual No minimum Capital Limited liability

Compliances There is no statutory Compared to a Private Limited
Compared to a Private Limited requirement for a minimum or an OPC, Partners have a
or an OPC LLP has the capital contribution limited liability
minimum annual compliances
 REQUIREMENTS FOR LLP

The validity of an LLP is subject to the regular annual compliances. In the case of
a non-compliance, the LLP will become Dormant and will

Registered Office 2 Partners 2 Shareholders LLP Agreement

in India Minimum Minimum
 DOCUMENTS REQUIRED

Following documents are required for LLP Registration

Registered Office Address Proof Photo PAN Card

in India in India Passport size

For Office For all Directors For all Directors For all Directors
NOC from property owner Utility Bills or Passport size PAN Card
Utility Bills with / Election ID or photo
Rent Agreement / Aadhar Card or
Registry Proof / Driving License
House Tax Receipt
 LLP COST BREAKWDOWN

Break down includes all Govt. Fees + Taxes

Company Name Search Free

Consultancy on Registration and Name Availability Free

2 DSCs Rs 2,000

Government Fees Rs 1,750

TAN and PAN Fees Rs 170

Professional Fees Rs 4,304

Goods & Services tax Rs 721

Total Cost Rs 8,999

* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh

* Charges extra for NRI/Foreign Directors
 PRICING

You can incorporate an LLP at an affordable price with minimum requirements

compared to One Person and Private Limited Company

ONE PERSON LIMITED LIABILITY PRIVATE LIMITED

COMPANY PARTNERSHIP COMANY

1 Digital Signature 2 Digital Signature 2 Digital Signature

1 Director Identification 2 Director Identification 2 Director Identification
Number Number Number
1 Company PAN Card 1 Company PAN and TAN 1 Company PAN Card
1 Company TAN Number 1 LLP Agreement 1 Company TAN Number

13,999 8,999 14,999

LEARN MORE LEARN MORE LEARN MORE
 COMPANY COMPARISON INDIA

ONE PERSON PRIVATE LIMITED LIMITED LIABILITY

COMPANY COMPANY PARTNERSHIP

Ideal For Sole Founders Start-Ups Traditional Businesses

Requirements 1 director + 1 nominee Minimum 2 shareholders Minimum 2 Partners

Initial Investment 0 0 0

Tax Advantages Few Few Most

Compliances Moderate High Least

Registration Time 10 Days 10 Days 20 Days

* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh

* Charges extra for NRI/Foreign Directors
 LLP COMPLIANCES TIMELINE

The validity of an LLP is subject to the regular annual compliances. In the case of
a non-compliance, the LLP will become Dormant

Statement of Accounts and

Solvency.
30 DAYS

FY 2 Month 4 Months 6 Months 8 Months

60 DAYS
Annual Return Filing
 REGISTRATION TIME

An PVT LTD can be incorporated within 8-10 days in India

1 Day
Digital Signature Certificate

1 Day
Director Identification Number

2-3 Days
Name Approval

3-5 Days
Incorporation Documents
 FREQUENTLY ASKED QUESTIONS

What is the minimum capital contribution required for an LLP?

No minimum capital contribution is defined by the statute for incorporation.

I want to raise funds from Private investors, can I start an LLP?

No, LLP is not an apt structure to raise funds from Private investors.
Investors tend to invest in a company in lieu of the equity or stake in the
business, rather they would be admitted as partners.

Is a commercial office mandatory to start an LLP ?

No, You can incorporate an LLP with your residential address. There is no
mandatory requirement to have a commercial place to open up an LLP.
 CONTACT
INFORMATION

info@quickcompany.in
011-395-95858

www.quickcompany.in