LLP Registration in Karnataka

There is no such requirement, all the required documents are filed electronically, so you would not need to be physically present. You would just need to send us scanned copies of all the required documents, forms, and LLP agreement.

Any individual, having a valid PAN card or a body corporate may be a partner in a Limited Liability Partnership (LLP).

A partner is a person or body corporate who has invested capital towards LLP and agrees to share profits and losses, risks, and rewards amongst each other as per the LLP agreement. On the other hand, designated partner can be only an individual who has a valid DIN and is recognised as such in LLP agreement, who shall oversee the day to day functions of the LLP, similar to the role of director in a company.

Designated Partners shall be individuals and at least one of the Designated Partner shall be a resident of India. However, such a person must be 18+ above in terms of age and should have a valid PAN card.

LLP Agreement means any written agreement between the partners of the LLP or between the LLP and its partners which determines mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership. It defines the roles, responsibilities, rights, and powers of the partners to LLP and to each other, it clarifies the managerial, operational as well administrative responsibilities and sets clear methodologies for decision making, adding a new partner and disassociation of existing partner, etc.

Yes, you can register the LLP at your residential address. You need to submit the utility bill copy of your home address along with the No Objection Certificate from the owner of the premises.

Yes, you can admit any Private Limited Company, Public Company, LLP, or Registered Society as a partner in your LLP. But HUF and Partnership cannot become a partner in an LLP.

No, you have to take help from a Professional CS/CA/CMA/Advocate/Consulting Firm for registration of the company as it will require certification from these professionals.

GST registration is required for those businesses whose aggregate turnover crosses the prescribed limit or such business that does the inter-state supply of goods/services. So, every company has to check whether it supplies goods to different states or qualifies for the prescribed turnover limit or other conditions as specified under GST laws.

Yes, you can do multiple businesses in one LLP. However, the LLP’s incorporation document and LLP agreement should contain such objects and should be approved by the Registrar of Companies (ROC). Unrelated activities must be avoided.

Yes, you can change the registered office address of the LLP after the LLP is registered, by following the prescribed procedure as per law.

Yes, you can keep virtual office or co-working space as registered office address of the LLP by providing utility bill of such office premises along with No Objection Certificate (NOC) from the owner. However, you have to make sure that you have the facility to receive and acknowledge letters, notices, and documents from various authorities at that address. Also, you have to paint or affix the LLP’s name and address outside every office.