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Partnership & LLP Formation
At Yugma Trade Easy, we offer expert assistance in Partnership and LLP (Limited Liability Partnership) formation to help you establish your business legally and efficiently. Whether you’re starting a traditional partnership or opting for the flexibility of an LLP, we ensure smooth registration and compliance with all necessary legal formalities.
Our Services Include:
Partnership Firm Registration
- Drafting of Partnership Deed
- Registration with Relevant Authorities
- PAN & TAN Application for Firm
- Issuance of Registration Certificate
Drafting of Partnership Agreement
- Customized Drafting Based on Business Needs
- Inclusion of Profit Sharing, Roles & Liabilities
- Compliance with Indian Partnership Act
- Legal Vetting for Error-Free Documentation
LLP Incorporation with MCA Approval
- Name Approval through MCA Portal
- Filing of Incorporation Documents
- Allotment of LLP Identification Number (LLPIN)
- Issuance of Certificate of Incorporation
DIN & DSC Procurement for Partners
- Digital Signature Certificate (DSC) Generation
- Director Identification Number (DIN) Application
- Verification & Approval by MCA
- Assignment of Unique IDs to Partners
PAN & TAN Application for Business
- PAN Application for Tax Identification
- TAN Registration for TDS Compliance
- Coordination with Income Tax Department
- Delivery of PAN & TAN for Business
Annual Compliance & ROC Filings
- Filing of Annual Returns with ROC
- Maintenance of Statutory Registers
- Compliance with LLP Act, 2008
- Timely Submission to Avoid Penalties
Benefits of Our Bookkeeping Services
1. Quick & Hassle-Free Registration
Get your partnership or LLP registered smoothly without delays or errors.
2. Legally Compliant Documentation
Ensure accurate and legally vetted agreements and incorporation documents.
3. Expert Guidance at Every Step
Our experienced professionals guide you through the entire formation process.
4. Save Time & Reduce Legal Hassles
Focus on growing your business while we handle all the legal formalities.
Build a Strong Foundation with Our Partnership & LLP Services
Secure your business with a hassle-free Partnership or LLP setup. We provide expert assistance, ensuring quick registration and seamless compliance for long-term growth.
Need Help with Partnership or LLP Formation?
Fill Up the below Mentioned Form
LLP stands for Limited Liability Partnership and is governed by the Limited Liability Partnership Act, 2008. It offers limited liability protection to its partners, making it a preferred choice for small and medium-sized businesses. In an LLP, a minimum of two partners are required, with no minimum capital investment. At least one partner must be a resident of India, having stayed for 182 days or more during the preceding year.
Partnership firms, on the other hand, are governed by the Indian Partnership Act, 1932. It is ideal for businesses where partners share unlimited liability and enjoy complete flexibility in decision-making.
With Yugma Trade Easy, you can register both LLP and Partnership firms quickly and efficiently. While LLPs cannot raise funds by issuing equity shares, they offer fewer compliance requirements compared to a private limited company. Our expert team ensures a seamless registration process, ensuring compliance with all legal formalities.
Document Required
Passport Size Photographs
Recent color photographs of all promoters, individuals, company directors, or partners are typically required.
PAN Card
PAN (Permanent Account Number) card of each shareholder, director, or partner is mandatory for identity verification.
Identity Proof
Acceptable documents include Voter ID, Driving License, or Passport for all individuals involved.
Address Proof
Documents such as Bank Statements, Electricity Bills, Mobile Bills, or Telephone Bills (not older than two months) serve as proof of address.
Registered Office Proof
If the office space is rented, a Rental or Lease Agreement along with a No Objection Certificate (NOC) from the landlord is necessary. For owned premises, property ownership documents are required.
Utility Bill
A recent utility bill (Electricity, Water, Gas, etc.) for the registered office address, not older than two months, is needed to confirm the business location.
Comparison
| Aspect | Private Limited Company | One Person Company (OPC) | Limited Liability Partnership (LLP) | Partnership Firm | Proprietorship Firm |
|---|---|---|---|---|---|
|
Governing Act |
Companies Act, 2013 |
Companies Act, 2013 |
Limited Liability Partnership Act, 2008 |
Indian Partnership Act, 1932 |
No specified Act |
|
Registration Requirement |
Mandatory |
Mandatory |
Mandatory |
Optional |
Not required |
|
Number of Members |
2 – 200 |
Only 1 |
2 – Unlimited |
2 – 50 |
Only 1 |
|
Separate Legal Entity |
Yes |
Yes |
Yes |
No |
No |
|
Liability Protection |
Limited |
Limited |
Limited |
Unlimited |
Unlimited |
|
Statutory Audit |
Mandatory |
Mandatory |
Conditional1 |
Not mandatory |
Not mandatory |
|
Ownership Transferability |
Restricted2 |
Restricted |
Allowed |
Not allowed |
Not allowed |
|
Perpetual Existence |
Yes |
Yes |
Yes |
No |
No |
|
Foreign Participation |
Allowed3 |
Not allowed |
Allowed |
Not allowed |
Not allowed |
|
Tax Rates |
25%4 |
25%4 |
30%5 |
30%5 |
As per individual slab |
|
Statutory Compliance |
High |
Moderate |
Moderate |
Low |
Low |
|
Ease of Raising Funds |
High |
Moderate |
Moderate |
Low |
Low |
|
Dissolution Process |
Complex |
Complex |
Moderate |
Simple |
Simple |
Advantages of Partnership & LLP Formation
Advantages Partnership Firm
Advantages LLP
How We Work?
STEP 1 →
Fill Out Registration Form
Fill out our simple registration form with your basic details to initiate the process for your Partnership Firm or LLP registration.
STEP 2 →
Free Expert Consultation & Document Collection
Our consultant will contact you to discuss your needs, provide guidance, and collect necessary documents for your Partnership Firm or LLP registration.
STEP 3 →
Name Reservation
We assist in reserving your desired business name, ensuring it complies with regulatory guidelines for Partnership Firms or LLPs, preventing future legal complications.
STEP 4 →
Document Preparation
Our team prepares all required documents, including drafting the Partnership Deed for Partnership Firms or the LLP Agreement for LLPs, detailing partner roles and responsibilities.
STEP 5 →
Registration Submission
We submit the prepared documents to relevant authorities: Registrar of Firms for Partnership Firms or Registrar of Companies (ROC) for LLPs, ensuring compliance with legal requirements.
STEP 6 →
Receive Registration Certificate
Upon approval, you’ll receive the Certificate of Registration or Certificate of Incorporation, officially recognizing your Partnership Firm or LLP, allowing you to commence business operations.
Why Choose Yugma Trade Easy?
We provide comprehensive, expert-guided registration services for both Partnership Firms and LLPs, ensuring a seamless, efficient, and personalized experience from initial consultation to final certification.
Complimentary Consultation
Expertise in Registration Processes
Personalized Support
Transparent Pricing
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Successful Clients
FAQs
An LLP must have at least two partners, with no upper limit on the number of partners.
Yes, an existing partnership firm can be converted into an LLP by complying with the provisions of the LLP Act, 2008, and filing the requisite forms with the Registrar of Companies (RoC).
Every LLP must file Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) with the RoC annually, within 60 days from the end of the financial year, i.e., on or before May 30th.
Yes, foreign nationals or entities can be partners in an LLP in India, subject to Foreign Direct Investment (FDI) policies and regulations.
No, there is no mandatory minimum capital requirement for forming an LLP in India. Partners can decide the amount of capital contribution as per their agreement.
LLPs are taxed at a flat rate of 30% on their income. Additionally, they are exempt from Dividend Distribution Tax (DDT), which applies to companies distributing profits to shareholders.
A minimum of two partners is required. The maximum number is typically 20; however, for banking businesses, the limit is 10.
Yes, an existing partnership firm can be converted into an LLP by following the procedure laid down in the LLP Act, 2008.
Partnership firms are taxed as separate legal entities with a flat tax rate on income. Partners are not taxed individually on the firm's profits but are taxed on any remuneration or interest received from the firm.
Your Trusted Partner for Hassle-Free Business Compliance, Seamless Registrations, and Expert Financial Solutions!
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