Limited Liability Partnership

Choosing GTCS for creating a Limited Liability Partnership (LLP) offers numerous advantages and benefits tailored to meet your business needs. Here’s why GTCS is the ideal partner for establishing your LLP:

Expertise and Experience

GTCS boasts a team of seasoned professionals with extensive experience in company registration services. With years of industry expertise, we understand the nuances of setting up an LLP and can navigate the process efficiently.

Comprehensive Services

Beyond LLP registration, GTCS offers a comprehensive suite of services including trade license registration, tax filing, business advisory, and more. This holistic approach ensures that all your business needs are addressed under one roof.

Transparent and Fair Pricing

At GTCS, transparency and fairness are at the core of our ethos. Our services are competitively priced with no hidden fees, ensuring that you receive excellent value for your investment.

Personalized Attention

We understand that every business is unique. GTCS provides personalized attention to each client, ensuring that your specific requirements and preferences are met with precision and care.

Legal Expertise

With access to a network of legal advisors, GTCS can provide expert guidance on legal matters related to LLP registration and compliance. You can trust us to navigate the legal complexities with diligence and professionalism.

Timely Execution

GTCS is committed to delivering prompt and efficient services. We understand the importance of timely execution and strive to complete the LLP registration process within the stipulated time frame.

Customer Satisfaction

At GTCS, customer satisfaction is our top priority. We go above and beyond to ensure that our clients are satisfied with our services, providing ongoing support and assistance as needed.

One-Stop Solution

GTCS serves as your one-stop destination for all LLP registration and compliance needs. From initial registration to ongoing compliance management, we offer comprehensive support to streamline your business operations.

Pricing

Basic

8999

Our Basic package is perfect for clients looking for essential services tailored to meet their specific needs. With this package, you'll receive comprehensive assistance and support to address fundamental requirements efficiently and effectively.

Basic Express

12999

For those seeking quick and reliable solutions without compromising on quality, our Basic Express package is the ideal choice. With expedited processing and swift delivery, this package ensures that your needs are met promptly while maintaining attention to detail and accuracy.

Advance

17999

Step up to our Advance package for enhanced features and personalized attention. This package is designed for clients seeking a broader range of services and comprehensive support to meet their more complex requirements. Benefit from our expertise and guidance every step of the way.

Advance Express

24999

Combining the benefits of our Advance package with expedited processing, our Advance Express package is the ultimate solution for clients who require rapid results without sacrificing excellence. Receive top-notch service with quick turnaround times, ensuring your needs are met efficiently and effectively.

Six Key Essential Steps to Achieve Success

01

Client Inquiry

Potential clients reach out to the consultancy seeking registration and certification services, initiating the process.

02

Initial Consultation

A comprehensive meeting is conducted by our Executive to understand the client’s requirements, discussing the necessary certification type and compliance standards.

03

Quotation and Agreement

Following the consultation, a detailed quotation is provided, outlining the services and associated costs. Upon agreement, a formal contract is signed between the company and the client.

04

Document Submission and Review

Clients submit essential documents and information required for the registration and certification processes, meticulously reviewed by our team for completeness and accuracy.

05

Pre-Assessment (Optional) and Audit Planning

An optional pre-assessment may be conducted to evaluate the client’s readiness, identifying any gaps. Subsequently, the company plans the certification audit, scheduling dates and assigning auditors.

06

On-Site Audit and Certification Decision

Auditors perform on-site assessments to verify compliance with relevant standards or regulations, documenting findings. Following the audit, the company evaluates results to determine certification eligibility, issuing it upon compliance.

Frequently Asked Questions (FAQs)

What is a Limited Liability Partnership (LLP)?

A Limited Liability Partnership (LLP) is a form of business entity that combines the features of a partnership and a corporation. It offers limited liability protection to its partners, meaning their personal assets are protected from the debts and liabilities of the LLP.

Who can form a Limited Liability Partnership?

What are the key features of a Limited Liability Partnership?

The key features of an LLP include:
- Limited Liability: Partners have limited liability protection, meaning they are not personally liable for the debts and obligations of the LLP.
- Separate Legal Entity: An LLP is a separate legal entity distinct from its partners. It can enter into contracts, own property, and sue or be sued in its own name.
- Flexible Management Structure: LLPs have a flexible management structure, allowing partners to participate in the management and operation of the business.
- Perpetual Succession: An LLP has perpetual succession, meaning its existence is not affected by changes in its partners.
- Less Compliance: LLPs have fewer compliance requirements compared to companies, making them an

What are the steps involved in forming a Limited Liability Partnership?

The steps involved in forming an LLP typically include:
- Choosing a suitable name for the LLP and checking its availability with the Registrar of Companies (ROC).
- Drafting the LLP Agreement, which governs the rights and obligations of the partners and the operation of the LLP.
- Filing the incorporation documents, including the LLP Agreement, with the ROC.
- Paying the requisite fees and obtaining the Certificate of Incorporation from the ROC, which marks the official formation of the LLP.

What are the compliance requirements for a Limited Liability Partnership?

LLPs are required to comply with certain statutory requirements, including filing annual returns with the ROC, maintaining proper accounting records, and adhering to tax obligations. However, LLPs have fewer compliance requirements compared to companies.

Can a Limited Liability Partnership be converted into a private limited company or vice versa?

Yes, LLPs can be converted into private limited companies or vice versa, subject to certain conditions and regulatory approvals. The conversion process involves specific procedures and filings with the ROC.

What are the advantages of forming a Limited Liability Partnership?

Some advantages of forming an LLP include limited liability protection for partners, flexible management structure, tax benefits, ease of formation and compliance, and enhanced credibility in the eyes of customers, suppliers, and investors.

Can foreign nationals or entities be partners in a Limited Liability Partnership?

Yes, foreign nationals or entities can be partners in an LLP, subject to certain conditions and approvals under the Foreign Exchange Management Act (FEMA) and other relevant laws.