LLP Registration in Delhi

Introduction

In India, forming and running a Limited Liability Partnership is relatively simple. There is no maximum number of partners that can be in an LLP; two partners are the minimum needed for registration. The partners' obligations and rights are laid down in the LLP agreement. One partner in an LLP is not liable for the misconduct of the other partner. Each LLP agreement's requirements must be followed strictly by the partners. LLP is definitely a better option for all those who wish to start a business!

Delhi's Gross State Domestic Product (GSDP) for 2021–22 is ₹ 9,23,967 crore, up 17.65% from 7,85,342 crore in 2020–21. Spending (excluding debt payments) is projected to total 71,085 crores in 2022–23, up 13% from the updated projections for 2021–22 (62,785 crores). The key industries in Delhi are:

• Electrical and electronics sector
• Home consumable sector
• Garments sector
• Leather industries sector
• Metal and minerals
• Plant and machinery
• Pharmaceuticals sector

Documents for LLP Registration in Delhi

Here is a list of all the documents required for LLP registration in Delhi. Please note that if there are any issues with the documents submitted, the process will get delayed. However, the legal experts at Vakilsearch are there to assist you.

• PAN Card of all the partners
• Photograph of all the partners
• ID Proof of all the partners (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill for the address proof of the registered office

Income Tax Rates for LLP

There are income taxes for LLPs and for LLPs registered in India, the appropriate income tax rate is 30% of the entire income. The tax payable is at the rate of 12% when the total income exceeds ₹ 1 crore.

Minimum Alternate Tax (MAT) for LLP

LLP must pay minimal alternate tax, just like a firm must pay income tax. For LLP, a minimum alternative tax of 18.5% of total adjusted income is applicable. Due to the income tax surcharge, education cess (Cess is nothing but the tax), and other factors, the income tax that LLP must pay cannot be less than 18.5 percent.

Compliances for LLP

Note that an LLP must be compliant with the 3 given below:

• LLP annual return by Filing Form 11
• Final statement f account and Solvency
• Return on income taxes

Process for LLP Registration in Delhi

Here are the 5 steps we have to follow for registering an LLP in Delhi:

• Gathering digital signatures from each prospective partner is the first step in Delhi.
• The next step is to submit a request to the MCA to reserve the LLP's name.
• The incorporation documents are prepared by us, and they are delivered to the partners for signature. The documents must be scanned and uploaded to the Vakilsearch website, and our experts will provide you with the necessary information.
• The MCA must approve the signed copy of the documents before they are sent to our company.
• The final step in registering an limited liability partnership in Delhi is that our legal professionals confirm and submit the LLP deed which has to be signed by all the partners

Why Vakilsearch?

Vakilsearch offers the best services from the best legal experts in India to assist you with LLP registration in Delhi. Under the given time frame, we assure you to submit the LLP deed at your convenience. LLP deeds with utmost accuracy and an opportunity to talk to our experts are also given to the customers. 100% online and hassle-free services, which makes legal services comprehensive for our 500k+ trusted customers! Also, every minute we set up 9 business setups! So, we are India’s largest legal service provider.