UPDATE: We are now standing in a situation where every organization is taking proper steps to run their business. Coronavirus pandemic has affected a lot on businesses all over the world. Sujata Associations is following all the guidelines issued by the government to prevent the spreading of COVID 19.

Limited Liability Partnership (LLP) is the procedure of carrying benefits from conventional partnership and still limiting personal liabilities of the partners. LLP is regarded as a contractual agreement among the partners under the Limited Liability Partnership Act, 2008. It has now become quite a popular choice for the services and professional firms like Chartered Accountants, recruiting firms, consulting businesses, etc.

Being one of the most widespread businesses, the partnership is one of the most popular forms of business structures these days. A large number of companies are opting for one such form of business these days as the ownership of the company is owned by two or more than two people. One advantage of this business is it minimizes the chances of risk percentage. This particular form of business contains more than the proprietor. The profit earned in this business is shared by more than two persons and they’re the governing members of one such business.

In a partnership business, the business partners are the co-holders of a business. As one of the leading legal consultants, Sujata Associates offer easy litigation assistance for LLP registration processes in India. In addition to LLP registration, it also offers a wide array of business registration services like private limited company registration, one person company registration, proprietorship registration, digital certification, etc. It takes not more than 15-20 days for completing an LLP registration, depending upon the documents you’re submitting and time taken by the relevant government officials.

Unlike other legal consultants, we offer a free seminar on the LLP registration process that turns the entire process of registration to you in many ways. Once you schedule an appointment with the LLP associates, it’s easy for you to set an appointment with Sujata Associates advisor.

Advantages unlocked with LLP registration:

Limited number of owners – It’s the biggest advantage for a firm. The liability remains limited in the partnership business. Unlike a sole proprietorship business here there are no such specific parameters drawn. The most interesting thing is, here the profit margin is distributed amongst each of the individual partners and all are liable to bear the consequences of the business, both in profit as well as in loss.

Limited liability – With the liability of a partnership business remaining limited, the ownership of the business is evenly distributed so that the owners don’t have to take additional burdens individually. That makes it easier to overcome loss and legal disputes of the firm quickly and easily.

Maximum tax benefits-

Filing taxes in a partnership is not compulsory, that’s one of the lucrative outcomes of partnership business models. However, it’s mandatory for each of the individual partners to file the taxes individually being a part of the business norm in a partnership business.

Better flexibility than any other form of business – Maximum flexibility is one of the key features of a partnership business, as here the owners are all provided with the freedom to contribute capital money they want to roll in the business. The partners are not compelled to take part in the business meetings or in the discussion panel of the board of members of the company. If they choose they may have the freedom to be a sleeping partner of the organization too.

Sujata Associates is the leading business consultancy firm in the market which offers services like LLP registration in India. In addition to LLP registration, Sujata Associates also offers a wide range of business registration services like private limited company registration, one person company registration , proprietorship registration , digital certificate and etc . The usual time taken to complete a LLP registration is about 15 – 20 working days, subject to government processing time and client document submission. Customers can easily get a free seminar on LLP registration and business setup in India by scheduling an appointment with an Sujata Associates Adviser.

It is essential to choose your business structure smartly as your Income Tax Returns will depend on it. When you are registering your company, remember that each business structure has different levels of compliances that need to be followed. Sujata Associates professionals will help to get all the process done without any worry. Within 15-20 days LLP registration will be completed, depending upon the documents you’re submitting and time taken by the relevant government officials.

Advantages OF LLP Registration –