Limited Liability Partnership Registration

Limited Liability partnership is required to file only two regulatory compliances every year.

• Statement of Accounts & Solvency in filed in Form-8,
• Annual Return filed in Form-11.

no mandatory requirement of an audit of accounts by a qualified Chartered Accountant in case of an LLP, except the following two cases

1. If the contributions of the LLP exceed INR 25 Lac, or
2. If  its annual turnover crosses INR 40 Lac

• Limited Liability Partnership has no limit to the maximum number of partners
• The expenses taken for incorporation of an LLP is lesser than that for incorporation of a private or public limited company.
• The internal structure of the Organization and management of the business affairs of an LLP are simpler and more flexible.
• The compliance of an LLP is lower than that of a private or public limited company.
• Dividend Distribution Tax (DDT) is not applicable for LLPs in India.

Digital signature is process to authenticate and validate records electronically. DSC is required for every director of the company as the Ministry of Corporate Affairs (MCA) mandates digital signature of directors on some documents.

DIN is a unique identification number which is allotted to all the directors existing or proposed. DIN can be obtained by filing e-form DIR2 in MCA portal.