LLP Compliances and Filings
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LLP Compliances and Filings
To start a business, one needs to choose a legal structure to incorporate the business. Limited Liability Partnership (LLP) is one kind of legal structure that provides the benefits of partnership as well as of a company. LLP provides the benefit of limited liability of the partners, and hence the partners’ assets are safe if the business has obligations and financial liabilities. Furthermore, the benefits and advantages may vary depending on the jurisdiction and specific circumstances. We help you from the registration process to the annual compliance, filings, and other requirements, if any.
Eligibility Criteria of Registration
To incorporate an entity as an LLP, the criteria should be met as described below:
- Choose a unique name.
- Name of at least two partners.
- The partner can be an individual, a company, or other LLPs. In the case of an individual, the partner must be of legal age (18 years or more).
- At least two designated partners should be assigned to fulfill the statutory and regulatory filings. At least one designated partner should be a resident of the jurisdiction where the LLP is registered.
- LLP must have a registered office for official communication and to receive legal documents or notices.
LLP Registration Process
- Obtain Digital Signature Certificate.
- Apply for Designated Partner Identification Number.
- Obtain Name Approval Certificate.
- Prepare LLP Agreement.
- File incorporation documents on the official website mca.gov.in.
- Payment of registration fees.
- Verification and Approval.
- Obtain PAN and TAN.
- Bank Account Opening.
Documents required for LLP Registration
- Identity proof of partners.
- Address proof of partners.
- Proof of registered office.
- Digital Signature Certificate.
- Passport-size photograph of partners.
- Partners’ consent.
- Payment proof of registration fee.
- Certificate of Incorporation (In case a company is a partner).
Komplytek Consulting provides the following Services
Regulatory Services
- Digital Signature Certificate.
- Incorporation filings. (DIR-3/LLP-1 etc.)
- Annual filings. (Form 8/Form 11/ITR etc.)
- Follow-up with regulatory authorities.
- PAN Registration.
- TAN Registration.
- GST Registration.
- Drafting of documents/agreements.
- Registration with regulatory authorities.
Finance and Operational Services
- Accounting and Book Keeping.
- Accounts Payable and Receivables.
- Accounts Reconciliation.
- Finalization of Accounts.
- Internal Audit.
- Statutory Audit.
- Tax Audit.
- Tax Planning and Compliance.
- Transfer Pricing.
- Due Diligence.
Payroll and HR
- Payroll Management.
- Salary Payouts.
- Payroll tax compliance.
- Social Security compliance.
- Employee Self-Service Portal.
- HR Policy and Advisory & Implementation.
- Employee Personnel files and data management.
- Employees’ Tax Returns.
- Onboarding and Exits Management.
- Employee time & Expense Management.
With the rise in the complications of businesses, entities across the globe are seeking an amplified control structure for regulatory compliance, financial reporting, HR, and Payroll services with faster turnaround time. Our team of professionals and legal experts will help you to provide a custom-made solution according to the nature, size, structure, and business goals of the organization. We help our clients in identifying gaps in their existing compliance processes, policies, and controls and recommend the best-suited solution for their business growth and productivity.
