Who We Are
What Is LLP Registration
LLP refers to Limited Liability Partnership and is governed by Limited Liability Partnership Act 2008. Limited Liability Partnership provides advantage of limited liability to its owners and at the same time requires minimal maintenance. The directors of a Private Limited Company have limited liability to creditors. In case of default, banks / creditors can only sell company's assets and not personal assets of directors.
LLP Registration can be done through TaxOSmart in Delhi NCR, Mumbai, Bengaluru, Chennai and all other Indian cities.
LLP is a Separate Legal Entity that gives the benefit of limited liability of company plus the flexibility of partnership, wherein no partner's is held liable on account of other's partner misconduct and their rights and duties to be governed by LLP agreement. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business organization that is simple to maintain while at the same time providing limited liability to the owners.
Choose LLP because:
- Dual advantages- Company and a Partnership.
- No partner will be responsible for other partner's misconduct.
- Cheaper to incorporate than a Private Limited Company.
- Limits the liabilities of its partners.
Section 8 Company Registration
A Section 8 Company is an organization which is registered as a Non-Profit Organization (NPO). NPO/company has its objective of promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objectives. It functions exactly like a limited company including all the rights and obligations that come with such a company. However, it differs from a company in one very crucial aspect, i.e. it cannot use the words 'Section 8' or 'Limited' in its name.
What Is Included In Our Package?
- DIN For 2 Partners.
- Digital Signature For 2 Directors
- Name search and Approval
Choose LLP because
The income of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The Central government provides an incorporation certificate to all such companies and also informs them about some restrictions and conditions. In case they don't fulfil them, the Central government may also order them to wind up the company. In case fraud objectives of the Company are proved, legal action will be taken against all officers of the Company. Section 8 Company Registration can be done through TaxOSmart in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities.
In India, a non-profit organisation can be created by registering a Society under the Societies Registration Acts or registering a Trust or incorporating a Section 8 company with a not for profit motive. Section 8 under the Companies Act, 2013 corresponds to the old Section 25 under the Companies Act, 1956, which was popularly known as 'Section 25 Company', hence the name 'Section 8 Company'.
Documents Required for Section 8 Company Registration
Digital Signature Certificate (if you already have it)
Director Identification Number (if you already have it)
Memorandum of Association
Articles of Association
ID proof for members: (Aadhar Card, Passport, Voter ID)
Address Proof
Advantages Of Section 8 Company Registration
No Minimum Share Capital Requirement
No Stamp Duty
Easy Transfer of Ownership
Clear Objectives for easy donations and loans
Tax Benefits
Easy to Manage
No need to use 'Section 8' or 'Limited' title
Section 8 Company Registration
Ideal for Start-ups Going for Funding & Growing Business
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