A Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. The amended definition of ‘firm’ includes an LLP and definition of’partner’ includes a partner of an LLP. Thus, for the purposes of taxation, an LLP is treated as a firm and all the provisions applicable to a firm will apply to an LLP.

Compliance under LLP is very limited and is a well reckoned fact. However, it is a advantage till you file everything on time. If you forget to comply with the normal provision then heavy penalty is applicable till the day of compliances.

The Limited Liability Partnership (LLP) is one of the business concepts in India, introduced by the Ministry of Corporate Affairs (MCA), Government of India during the year 2008. Unlike a partnership firm, a limited liability partnership has limited liability in which some or all partners will have the limited liability. It exhibits the elements of both partnership and company. In LLP, one partner is not responsible or liable for another partner’s negligence or misconduct.

How to Register LLP with IAS Tax Zone:

You Can Register LLP Through IAS Tax Zone it is very simple step.

1. Obtain a DSC
2. Apply DIN
3. Application for the Name applicability
4. LLP Agreement
5. LLP Incorporation Certificate
6. Apply for PAN . TAN , ESIC, EPF etc

Documents For Limited Liability Partnership Incorporation (all documents should be clear scan copy with sign by shareholders and Directors ) :

1. Copy of PAN Card of all Promoter and Share Holder
2. Copy of Aadhaar Card / Voter Id / Passport of all Promoter and Share Holder
3. Passport Size Photo Graph of all Promoter and Share Holder
4. Latest Bank Statement / Utility Bill of all Promoter and Share Holder
5. Registered Office address of the Company along with Address proof (Electricity Bill/Telephone bill/gas bill/mobile bill not older than 2 months)
6. Rent Agreement from the Property Owner
7. No Objection Certificate from the Owner

Information Required :

• Occupation of the applicant.
• Area of occupation.
• Educational Qualification.
• E mail ID of the applicant.
• Mobile No. of the applicant
• Place of Birth
• Proposed name of the Company (one or two names in preference order)
• Authorized and paid up share capital
• Main Object of the company
• Police station address where the registered office is to be situated.
• % of shares to be subscribed by Subscribers
• Email ID, Mobile No, Occupation and area of occupation of all Directors.