LLP Registration in Odisha

Introduction

It is very easy to create and manage a Limited Liability Partnership in India. An LLP must have at least two partners in order to be registered; there is no limit to the maximum number. The LLP agreement specifies the responsibilities and privileges of the Partners. In an LLP, one partner is not responsible for the negligence and misconduct of the other partner. The partners are responsible for complying with all of the obligations of the LLP agreement.

Odisha's Gross State Domestic Product (GSDP) is anticipated to increase by 12.6% over the revised estimate of GSDP for 2021–2022 to reach ₹ 7.2 lakh crore (at current prices) in 2022–2023. (₹ 6.4 lakh crore). The GSDP is anticipated to increase by 17.6% from 2021 to 2022.

The key industries of Odisha are:

• Cement industry
• Ceramic Glass plants
• Refractory units
• Ferro Manganese plants
• Aluminium industry
• Fertiliser plants
• Agro based industries
• Chemical industries
• Tyre factories
• Aeronautical industry.

Documents for LLP Registration in Odisha

• 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

Government Fee for LLP Registration in Odisha

The following are the government fees required for LLP company registration in Odisha:

• LLP whose maximum contribution is ₹1,00,000: ₹500.
• LLP whose contribution is greater than ₹1,00,000 but not greater than ₹5,00,000: ₹2000.
• LLP's contribution is over ₹5,00,000 but is only allowed up to ₹10,00,000: ₹4,000.
• LLP whose contribution is over ₹10,00,000: ₹5000

Limit of Partners for LLP in Odisha

There is no maximum limit for partnership in LLP but you need at least 2 partners to start. Enlisted below are the people who can be partners.

• Individuals.
• Limited Liability Partnerships.
• Companies.
• Foreign Limited Liability Partnerships.
• Limited Liability Partnerships incorporated outside India.
• Foreign Companies.

Uses of Incorporating as an LLP

The major advantages of setting up an LLP are:

• An LLP is simpler to establish and manage since it has fewer requirements. Hence, we say LLP registration is better than Pvt. ltd company registration.
• Registration is less expensive than starting a company.
• A corporate entity that exists independently of its partners is comparable to an LLP.
• There is no set minimum capital requirement for the formation of LLPs.
• Incorporating LLP is comparatively a quick process

Process for LLP Registration in Odisha

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

• The first stage in creating an LLP in Odisha is to gather digital signatures from each prospective partner.
• 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 online company registration 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 LLP in Odisha 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 Odisha. Under the given time frame, we assure you to submit the LLP deed at your convenience. 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.