LLP Registration – Draft It Legal Want the flexibility of a traditional partnership with the legal benefits of a company? A Limited Liability Partnership (LLP) is your ideal business structure. Recognized under the LLP Act, 2008, LLPs combine the ease of doing business with limited liability protection, making them perfect for startups, service firms, and professional teams. Whether you’re setting up with co-founders, consultants, or investors β LLP offers a balanced and scalable legal structure without the complexity of a full-fledged private limited company. πΌ What We Offer β LLP Registration Package At Draft It Legal, we make LLP registration smooth, fast, and fully compliant. We handle everything from name approval to LLP agreement drafting β so you focus on business, we handle the law. β 2 DINs (Director Identification Numbers) β 2 DSCs (Digital Signatures) β LLP Name Reservation (RUN-LLP) β LLP Incorporation Certificate (from MCA) β PAN & TAN Application β LLP Agreement Drafting & Filing β MSME (Udyam) Registration β GST Registration (optional) β Legal Consultation (15 mins) β Full WhatsApp Support Throughout π 100% online process. Government filings included. Compliant with MCA norms. WhatsApp Us Now Book Free Consultation Start LLP Registration β What is a Limited Liability Partnership (LLP)? An LLP is a corporate structure that blends partnership flexibility with limited liability protection. Each partner is shielded from personal responsibility for the actions of other partners. Itβs especially useful for professional services, SMEs, and bootstrapped startups who want legal credibility and protection without the complexities of a private limited company. π§£ Key Features Minimum Partners: 2 (no maximum limit) Separate Legal Entity from partners Limited Liability for each partner Flexible Internal Management via LLP Agreement Easy Compliance compared to companies π Benefits of LLP Registration β Low Compliance Burden β No board meetings, AGM, or heavy ROC filings β Legal Recognition β Trusted in contracts, tenders, and business deals β Separate Legal Entity β LLP can own property, sue, and be sued β Tax Advantages β No dividend distribution tax (DDT) β Partner Flexibility β Add/remove partners easily β Limited Liability β Protects personal assets of partners β οΈ Limitations You Should Know β No Equity Investment β Not ideal for startups planning to raise venture capital β Annual Compliance Still Required β Mandatory ROC returns and audit if turnover > βΉ40 lakh β Penalties for Non-Compliance β Even inactive LLPs must file annual returns β Not Suitable for Solo Founders β Minimum two partners required at all times π¬ Who Should Choose LLP? Startups with 2+ co-founders Legal, accounting, design, or consulting firms Professional service providers SMEs and family-run businesses Businesses preferring flexibility over formal corporate structure π₯ Why Choose Draft It Legal? π§Ύ Tailored LLP Agreements β Not just templates, fully customized clauses β±οΈ Fast Turnaround β LLP registered within 10β12 working days π§ Legal Experts for Startups β We speak your language π¬ WhatsApp Access β Real-time updates and expert support π Upgrade Ready β Seamless path to convert to Private Limited, if needed π FAQs About LLP Registration 1. Can an LLP be started with just one person?No. You need a minimum of two designated partners. 2. Is audit mandatory for LLP?Only if turnover exceeds βΉ40 lakh or capital exceeds βΉ25 lakh. 3. Can an LLP convert into a Private Limited Company?Yes, via proper MCA process β we help with that too. 4. Is GST mandatory for LLPs?Only if you cross the turnover threshold or engage in interstate trade/services. 5. Can foreign nationals be partners in an LLP?Yes, subject to FDI regulations and one Indian partner. π² Ready to Register Your LLP? Letβs Get It Done, Legally. Founding with a team? LLP is your ideal legal shield. Weβll register it from start to finish. WhatsApp Us Now Book Free Consultation Start LLP Registration Trusted by 1000+ founders and professionals across India.Draft It Legal β Your Legal Backbone for Business Growth.
Partnership Firm Registration in India β A Smart Choice for Small Business Teams
Partnership Firm Registration – Draft It Legal Starting a Business with Partners? Starting a business with one or more partners? A Partnership Firm is one of the most practical ways to start a business in India. Ideal for small and medium-sized businesses with shared responsibilities and minimal compliance. πΌ What We Offer β Partnership Firm Setup Package β Customized Partnership Deed β Stamp Paper & Notarization Assistance β PAN Application for Firm β GST & MSME Registration β Bank Account Guidance β Legal Consultation β Ongoing WhatsApp Support π WhatsApp Us Now β What is a Partnership Firm? Minimum Partners: 2 (Max: 20) No separate legal entity Partnership Deed is required Basic tax compliance Registration optional but advised π Benefits of a Partnership Firm β Easy & cost-effective formation β Simple taxation β Internal flexibility β Shared responsibility β οΈ Limitations You Should Know β Unlimited personal liability β No legal identity for the firm β Limited scalability & funding access β Legal limitations if not registered π¬ Who Should Choose Partnership? β Founders starting a business together β Agencies, local businesses, retailers β Professionals teaming up π₯ Why Choose Draft It Legal? π‘ Startup Specialists π Tailored legal docs π Real support on WhatsApp β±οΈ Fast processing (3β5 days) π Easy upgrades later π FAQs About Partnership Firms 1. Is registration mandatory? No, but it gives legal enforceability and better credibility. 2. Can we open a bank account without registration? Yes, with deed and PAN. 3. Is GST mandatory? Only if turnover crosses limit or for specific industries. 4. Can we get MSME benefits? Yes. MSME registration is available for partnerships. 5. Can foreigners be partners? No, for that youβll need to register LLP or Pvt Ltd. π² Letβs Start Your Partnership β The Legal Way We handle the paperwork. You focus on building your vision. π WhatsApp Us Now π Book Free Consultation π Start Partnership Firm Setup
Sole Proprietorship in India β The Ultimate Guide for Startups & Small Businesses
Sole Proprietorship – Draft It Legal Thinking of starting your own business? A Sole Proprietorship is the simplest and fastest way to get started in India. Whether you’re launching a side hustle, opening a shop, or freelancing β this structure gives you a quick and low-cost way to begin operations. πΌ What We Offer β Proprietorship Starter Package At Draft It Legal, we help you make your Sole Proprietorship fully functional and compliant. Our package includes everything you need to run your business smoothly and even get a business bank account. β GST Registration β MSME (Udyam) Registration β Professional PAN (if required) β Business Bank Account Assistance β CA Consultation Call (15 mins) β Document Templates: Invoice, Letterhead β WhatsApp Support for Queries π No hidden costs. No legal confusion. Just simple execution. WhatsApp Us Now Book Free Consultation Get Proprietorship Package β What is a Sole Proprietorship? A Sole Proprietorship is a business owned and managed by one individual, where thereβs no legal distinction between the owner and the business. Itβs not a registered company like a Private Limited or LLP β but itβs perfect for small businesses that need to kick-start operations with minimal compliance. π Key Features Owner: Single individual Registration: No formal registration required with MCA Compliance: Minimal (mostly tax & local registrations) Taxation: Taxed as individual income Suitable For: Freelancers, consultants, small retailers, service providers π Benefits of Sole Proprietorship β Quick Setup β Start operations in just a few days β Low Cost β No expensive legal formalities or registrations β Easy Compliance β Simple tax filings and no corporate formalities β Full Control β Owner has 100% decision-making power β Great for Beginners β Ideal for testing business ideas without heavy investment β οΈ Limitations You Should Know β Unlimited Liability β Owner is personally liable for business debts β Not Suitable for Funding β Investors prefer registered entities β No Separate Legal Identity β Cannot open business bank accounts without registrations β Limited Scalability β Best for small-scale operations π¬ Who Should Choose Proprietorship? Freelancers & consultants Local shops and retail businesses Home-based sellers Service providers (graphic designers, tutors, etc.) Entrepreneurs testing a business idea before scaling π₯ Why Choose Draft It Legal? π‘ Startup-Focused β We speak your language, not legal jargon π Personalized Support β Talk to real experts over WhatsApp or call π° Affordable Pricing β No overpriced lawyer fees β±οΈ Quick Turnaround β Registrations done in 3β5 working days π Upgrade-Friendly β Easily convert to Pvt Ltd or LLP later π FAQs About Sole Proprietorship 1. Is Sole Proprietorship a company? No. Itβs an unregistered business owned by one person. No MCA filing is needed. 2. Can I open a current bank account as a Proprietor? Yes, with GST or MSME registration, banks allow you to open a current account. 3. Do I need to file income tax? Yes, your business income is taxed under your personal PAN. 4. Can I register a trademark under a proprietorship? Yes. As the owner, you can file a trademark application in your name. π Ready to Start? Letβs Make it Official! Confused about registration? Let us simplify it for you. WhatsApp Us Now Book Free Consultation Get Proprietorship Package