LLP Registration
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LLP Registrations In Hyderabad
Limited Liability Partnerships which are required to file this Form can do their tax filing by 30th November. LLPs should file their income tax return in Form ITR 5. This form could be filed online via the income tax website with the help of the designated partner’s digital signature.
An LLP must be registered under the LLP Act to operate its business. However, the registration of a partnership firm is voluntary under the Partnership Act, 1932. The liability of each partner is limited to the contribution made by the partner in an LLP.
Frequently Asked Questions
What are the documents required for LLP registration?
To register an LLP in Hyderabad, the following documents are required:
- PAN card of all Members
- Aadhar card of all members
- Business place electricity bill
- Passport size photo of all members
- Rental agreement/noc of office premises
- Latest Bank statements two months
- Voter Id /Driving license
Is Registration of LLP compulsory?
Is it mandatory to file and get registered the partnership agreement under LLP? Yes, it mandatory to execute and file LLP Agreement in view of Section 2(0) & (q) , 22 and 23 of the Act.
What are the basic requirements of LLP?
Minimum Requirement to Start A LLP
- Minimum Two People: Two people are needed to register the LLP. …
- No Minimum Capital: Capital in case of LLP is depending on the need of the business and contribution to partnership by partners. …
- Resident Person requirement: One Designated partner of LLP must be from India.
What are the benefits of LLP?
Benefits of an LLP
- Limited liability protects the member’s personal assets from the liabilities of the business. LLP’s are a separate legal entity to the members.
- Flexibility. …
- The LLP is deemed to be a legal person. …
- Corporate ownership. …
- Designate and non-designate members. …
- Protecting the partnership name.
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