LLP Registration in delhi (1)

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LIMITED LIABILITY PARTNERSHIP
1 Day Company Inc
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LIMITED LIABILITY PARTNERSHIP

• Limited Liability Partnership(LLP) is an
  incorporated partnership formed by 2 or more
  persons.
• LLP required to registered under the Limited
  liability Partnership Act, 2008.
• Partners have limited financial liability.
• LLP has feature of perpetual succession.
• LLP form would enable entrepreneurs,
  Professionals and enterprises (including small
  and medium enterprises).
• LLP shall have at least 2 designated partners
  at least one of them shall be a resident in
  india.

www.1daycompanyinc.com
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BENEFITS OF LLP

• Renowned form of business in service sector.
• It is very easy to form LLP. Moreover, in terms
  of cost the minimum fees of incorporation is as
  low as Rs.800 and maximum is Rs.5600.
• Liability for repayment of debts and lawsuits
  incurred by the LLP lies on it and not the owner.
  
• The LLP Act does not regulated the LLP to large
  extent rather than allows partners the liberty to
  manage it as per their will and fancies..
• It is easier to transfer the ownership in
  accordance with the terms of the LLP Agreement.
• LLP are taxed at a lower rate also not subject
  to Dividend Distribution Tax , so there will not
  be any tax while you distribute profit to your
  partners.
• A LLP being a regulated entity like company can
  attract finance from PE Investors, financial
  institutions etc.
• where the annual turnover/contribution exceeds Rs
  40 Lacs/Rs 25 Lacs are required to get their
  account audited annually by a chartered
  accountant. This provides great relief to small
  businessmen.
• The number of compliances are on lesser side in
  case of LLP.

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INCORPORATION PROCESS

• Obtain DSC of class 2 or class 3 of proposed
  designated partner of LLP from any authorized
  certifying agency.
• Register yourself on the website of MCA
  developed for LLP services.
• Obtain Designated Identification Number (DIN) of
  all designated partners of the proposed LLP .
• Open Form-1 for reservation of name and fill in
  the details. Select name of the proposed LLP
  (maximum 6 choices can be indicated).
• Fill form-2 for incorporation document
  statement signed by designated partner a
  professional engaged in the formation of LLP.
• A declaratory statement of complying with
  provisions of the LLP Act, 2008.
• ROC shall issue a certificate of incorporation
  in Form-16 within 14 days of filing of form-2.
• LLP agreement and partners details shall be file
  in form-3 within 30 days of incorporation.
• Form-4 shall be filed regarding notice of
  appointment or his consent or partners details.

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REQUIRED DOCUMENTS

• PAN Card of the Partners
• Address Proof of the Partners
• Utility Bill of the proposed Registered Office of
  the LLP
• No-Objection Certificate from the Landlord
• Rental Agreement Copy between the LLP and the
  Landlord

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ANNUAL COMPLIANCES

• LLPs are required to maintain proper books of
  accounts on cash or accrual basis and according
  to its double entry system of accounting at its
  registered office for a specified period of time.
  (penalty in case of non compliance, LLP Rs.25k
  to 5 lac every designated partner Rs.10k to 1
  lac).
• LLP is required to file an annual return in Form
  11 within 60 days of the closure of its financial
  year . (penalty in case of contravention, LLP -
  Rs.25k to 5 lac every designated partner
  Rs.10k to 1 lac).
• LLPs are required to file a Statement of Account
  Solvency in form 8, within 6 months from the
  closure of the financial year and the said Report
  is signed by the designated partners of LLP.s of
  account .

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Contact Us
Phone No 91 9711849111
Website www.1daycompanyinc.com
Email Id info.1daycompanyinc_at_gmail.com
www.1daycompanyinc.com