Limited Liability Partnership is an association of persons that has separate legal identity & which has features of both partnership & company.
This plan is suitable for individual who wants to opt for partnership but with separate legal existence and limited liability of members. LLPs are required to comply with lesser compliance as compared to private limited companies.
|LLP Name Search||Free|
|Consultancy on Registration and Name Availability||Free|
|PAN and TAN Fees||170.00|
|Total Cost||7,999.00 + GST|
The above mentioned government fee has been calculated on minimum contribution of Rs.50000
The price varies depending on the partner's contribution, state of registration and the number of partners, foreign partners.
It is mandatory for LLP to get its accounts audited if turnover exceeds to 40 lacs or contribution exceeds Rs. 25 lacs in a financial year.
Minimum number of partners in LLP is two while there is no upper limit on the maximum number of partners.
There is no minimum contribution requirement in case of LLP.
Yes, existing partnership firm can be converted into LLP.