LLP Company registration is similar to Limited company registration, It requires at least two partners. It can either be individuals or corporate entity. LLP companies are increasing popularity these days not only for professional firms but also for trading and other service activities. The main advantage of framing an LLP company is because it is only taxed on LLP partners share of profits generated in a tax year.
LLP Company Registration in Coimbatore has now been made very simpler. The formation cost is very low when compared to other business structure such as private limited company registration.
The cost of maintenance and the compliances are much lower compared with a private limited company.
Other than the above procedures, one individual has to fulfil certain other formalities like registration for VAT, import export code, professional Tax and Employee provident fund. All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN)”
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