Chinese Association of Idaho State University (CAISU)
“LLP Registration Consultants in Bangalore” is now the most preferred legal entity for Professionals and service providers owing to the flexibility it provides. It provides a combination of'Partnership' and'Limited Company' business structures. In a Limited Liability Partnership (LLP ), two or more partners form a partnership that gives the benefits of limited liability of a company and the flexibility (in terms of management & ownership) of a partnership. There should be a minimum of 2 designated partners for an LLP to be formed and they should obtain the Director Identification Number and Digital Signature for registration of the LLP. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).
Benefits of an LLP registration in Bangalore
No Minimum Investment: There is no requirement of minimum capital investment while registering under LLP. The partners' investment may also not be in monetary form and they can invest in the LLP their movable, immovable, tangible, or intangible property. Easier ROC Annual Compliances : The ROC annual compliances of an LLP are simple and do not mandatorily require an audit of accounts. A Limited Liability Partnership is required to get a Tax Audit only for the following cases:
Easier Taxation Compliances: LLP is not liable to file ITR returns and the share of the designated partners is not subjected to tax. The other tax benefits applicable to a Limited Liability company registration in Bangalore are as follows:
Relaxed statutory compliances: Entrepreneurs from LLP's often make use of relaxed statutory compliances.
Easy and Affordable LLP Registration: The LLP registration process is easier as compared to a company incorporation process as the formalities are straightforward and can be completed in 10-15 days.
Documents Required for LLP registration in Bangalore
The LLP registration documents required are:
Minimum criteria for an LLP registration in Bangalore
Minimum of 2 partners
how to get limited Liability company registration in Bangalore ?
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