LLP Registration in Uttarakhand

Introduction

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. Even though LLP and a company offer the same characteristics, it is always preferable to create an LLP rather than a Private Limited Company. An LLP can be incorporated for less money than a Private Limited Company. The proprietor of the LLP also has ownership and management of the Company. Compared to a Private Limited Company, the LLP has fewer compliances.

It is projected that Uttarakhand's Gross State Domestic Product (GSDP) for 2022–2023 will be ₹2,76,677 crore. It stands in the 6th position with regard to the GDP per capita rank. Other significant industries include tourism and hydropower, and the IT, ITES, biotechnology, pharmaceutical, and automotive sectors are expected to grow.

Documents for LLP Registration in Uttarakhand

Here is a list of all the documents required for LLP registration in Uttarakhand. 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

LLP Name Rules To Follow

These are a few names to avoid:

• Usage of language that offends any group of people.
• The suggested names should not be similar to or the same as those of another LLP company.
• It uses both Sahakari and the word cooperative.
• It denotes the involvement of the Central or State Government, which is permitted under certain conditions.
• 'British India' appears in the suggested name.
• The suggested name suggests affiliation or connection with any Embassy, Consulate, Municipality, Panchayat, Zila Parishad, or other organisation linked to the Union or Central Government.
• It contains the name of a trademark that is registered, and its lawful owner has not given permission to use it.
• For a period of five years, it is the same as the firm name that is dismissed.
• Without the regulatory authority's approval, it uses terms like a bank, insurance, banking, venture capital, mutual fund, etc.
• The names of any foreign nations are included. If the company can demonstrate any ties to or cooperation with the specific country, it may be listed.
• Without receiving proper clearance from the Council overseeing that profession or any other designated authority, the proposed name is indicative of a profession.

Minimum Alternate Tax (MAT) for LLP

Like a company, LLP is required to pay a modest alternate tax. 18.5% of the total adjusted revenue is the minimum alternative tax that is applied to LLPs. The income tax an LLP must pay cannot be less than 18.5 percent due to the income tax surcharge, education cess (a cess is just a tax), and other variables.

Process for LLP Registration in Uttarakhand

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

• Gathering digital signatures from each prospective partner is the first step in Uttarakhand
• 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 company registration in India 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 Uttarakhand 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 Uttarakhand. 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.