Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) is a popular business structure that combines elements of a partnership and a corporation, offering limited liability to its partners. 

We at NSA offer LLP-related services encompassing a range of activities essential for setting up, managing, and complying with legal and regulatory requirements for Limited Liability Partnerships. Professional expertise and guidance in legal, financial, and compliance matters play a crucial role in ensuring smooth operations and statutory compliance for LLPs.

Formation and Registration:

  • Eligibility and Requirements: Ensuring eligibility criteria and understanding documentation requirements for LLP formation.
  • Name Reservation: Selecting and reserving a unique name for the LLP in accordance with regulatory guidelines.
  • Registration Process: Filing incorporation documents, partnership agreements, and obtaining the LLP incorporation certificate

.

LLP Agreement Drafting:

  • Partnership Agreement: Drafting an LLP agreement specifying rights, duties, profit-sharing, and management structure among partners.
  • Compliance with Legal Provisions: Ensuring the LLP agreement complies with LLP Act provisions and regulations.

 

Compliance and Regulatory Filings:

  • Annual Filings: Submission of annual returns, financial statements, and other compliance documents as required by regulatory authorities.
  • Changes in LLP: Managing changes in partners, capital, registered office, or any other statutory updates.

 

Conversion and Closure Services 

  • Conversion to/from LLP: Assisting in the conversion of existing businesses to LLP or converting an LLP to another business structure.
  • Dissolution and Winding Up: Managing the process of winding up an LLP, settling liabilities, and filing closure documents.

 

LLP Compliance Audit and Advisory:

  •   Compliance Audits: Conducting audits to ensure adherence to LLP Act provisions, agreements, and regulatory requirements.
  • Advisory Services: Offering guidance on governance, compliance, and legal matters related to LLP operations.

Legal and Advisory Support:

  • Legal Assistance: Providing legal support for disputes, agreements, contracts, or any legal matters involving the LLP.
  • Strategic Advice: Offering strategic guidance for growth, expansion, restructuring, or partnerships.

Taxation and Financial Services:

  • Tax Planning: Advising on tax implications, deductions, and compliance with tax laws applicable to LLPs.
  • Accounting and Financial Reporting: Managing accounting records, financial statements, and audits as per regulatory standards.

 

Secretarial and Administrative Support:

  • Secretarial Services: Assisting with secretarial tasks, maintaining registers, and compliance records.
  • Document Management: Handling documentation, filings, and correspondence with regulatory authorities.
According to the rules of the Bar Council of India, we are not permitted to solicit work and advertise. By clicking on the "I Agree" below, the user acknowledges the following: a) There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our member(s) to solicit any work through this website; b) The user wishes to gain more information about us for his/her own information and use; c) The information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any attorney-client relationship. The information provided under this website is solely available to the user for informational purposes only, should not be interpreted as soliciting or advertisement. Electronic links to third party resources or websites are also provided only for informational purpose and do not in any manner constitute endorsement or expression of any association with such third parties. We are not liable for any consequence of any action taken by the user relying on any information provided on this website. If the user has any legal issues, he/she in all cases must seek independent legal advice.