LLP Registration : Requirement, Documents, Procedure and Advantages

What is Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) is business form which provides benefits of limited liability and flexibility of a partnership business. Compliance requirement is less in LLP as compared to private limited company form of business structure. Audit is exempted up to certain level of turnover in case of LLP. Minimum two people can form an LLP. There is no maximum limit on the number of its partners. This is preferred choice for small businesses and instead of general partnership.

Minimum Requirement to Start A LLP

Documents required for GST registration

GST Registration Documents for Individuals and Sole Proprietors

  • Owner’s PAN card

  • Owner’s Aadhaar card

  • Owner’s photograph

  • Proof of address

  • Bank account details

Who Should Register for GST?

According to the Goods and Services Tax Act 2017, any business with a turnover of Rs.40 lakh and above must register for GST. For North-eastern and hill states, the turnover threshold for GST registration is Rs.10 lakh.

In addition, following individuals also need to complete GST registration and acquire unique 15-digit GSTIN:

Procedure to pay Income Tax Online

 The Process of payment of income tax online.

2.Select the Challan form 280,
3.Fill the the selected form