How much time does it take to register a LLC in India?

The new changes brought about by the MCA have made it easy to register companies of any nature with the government. Provided that you have all your documents in place, it can take anywhere between 10 – 15 days to register your company formally.

Is LLC and LLP the same in India?

Unlike countries such as UK, in India LLPs are not pass through structures, but are taxed as entities. A Limited Liability Partnership is subjected just to income tax and alternate minimum tax. LLC on the other hand is liable to pay various taxes that are income tax, dividend distribution tax and minimum alternate tax.

What are the documents required for LLC registration?

The 7 documents you need to create an LLC

• Internal Revenue Service (IRS) Form SS-4.
• Name reservation application.
• Articles of organization.
• Operating agreement.
• Initial and annual reports.
• Tax registrations.
• Business licenses.

How is LLC taxed India?

The income generated in a private limited company is taxed at a rate of 30\%. The law has assigned the Private Limited Company as a separate legal entity. Turnover exceeds one crore: Surcharge of 5\% will be applicable when the company generates more than Rs. 1 cr of taxable income.

Is Llc legal in India?

The popular limited liability company (LLC) that can be registered across the world can be registered as a limited liability partnership (LLP) or as a private limited company in India.

Is LLC used in India?

How much does it cost to open an LLC in India?

The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.

How do you prove ownership of an LLC?

Your EIN confirmation letter does show LLC ownership. This is a document sent directly from the IRS (Internal Revenue Service). It will show your EIN, LLC name and the member of the LLC who is the authorized responsible member!

Who can be a registered agent for an LLC?

Who Can be a Registered Agent. A registered agent can be an individual (over 18 years of age) or a business. However, the registered agent must be located in the state where your business is registered. You must provide the Secretary of State not just your registered agent’s name but also a physical—street—address.

Do LLC exist in India?

How do I calculate my business income taxable?

If you have a Limited Liability Partnership or a Firm, you will be taxed at 30\% if your taxable income is up to Rs. 1 crore. For a Company, the tax rate is 30\% but if your turnover is less than Rs. 250 crores, the tax rate will be 25\%.

How to set up an LLC in India?

Apply for DPIN (Designated Partner Identification Number) by filling the form online. Acquire your Digital Signature Certificate and register it on MCA portal. Get the approval for your LLC name from the Ministry of Corporate Affairs. After approval, fill the incorporation form to register the LLC and obtain the LLC agreement.

How can I register a company in India?

To register a company in India, start by applying for a Director Identification Number (DIN) and a Digital Signature Certificate (DSC) online through the Ministry of Corporate Affairs website. Once you receive a DIN and DSC, file e-Form 1A on the Ministry of Corporate Affairs website,

Is llllc available in India?

LLC is not available in India. If you are 2 or more promoters, you can opt for LLP (Limited Liability Partnership) or a Private Limited Company or a Limited Company, if you want investments from general public. If a single promoter you can start a OPC (One person Company).

How to register a company in India with Din number?

Apply online with the Ministry of Corporate Affairs for the DIN (Director Identification Number). Before you can register your company, you need to apply for a DIN. This unique number, assigned by the Ministry of Corporate Affairs, identifies the current or intended director of your company in India.