LLP/OPC Formation

LLP & OPC: The Ideal Business Structures for Entrepreneurs Seeking Simplicity and Control

Entrepreneurs with a visionary idea who prefer minimal compliance burden and associated costs, along with shared/individual ownership and centralized control and decision-making power, may consider incorporating an LLP (Limited Liability Partnership) under the LLP Act or an OPC (One Person Company) under the Companies Act, 2013 as the most suitable business structure.

Features and Benefits of Limited Liability Partnership (LLP)

• Modern corporate version of traditional partnership firms
• Offers a separate legal identity and flexible management framework
• Perpetual succession ensures business continuity
• Limited liability – each partner is liable only to the extent of their contribution
• Lower compliance requirements compared to companies
• Tax benefits – no DDT when partners withdraw their profit share
• Audit is required only beyond a certain turnover threshold
• Easy to convert or exit the structure

Features and Benefits of One Person Company (OPC)

• Ideal for sole proprietors wanting to limit liability with a corporate structure
• Provides a separate legal identity and perpetual succession
• Single owner enjoys full control while gaining credibility of a company
• Relaxed regulatory norms compared to Private/Public Limited Companies
• Lower tax rates than LLPs or traditional partnership firms

Why Choose CA Bulalo Team?

• ✔️ Team of experienced professionals with a client-centric approach
• ✔️ Extensive domain knowledge across industry verticals
• ✔️ One-stop solution for all professional and compliance matters
• ✔️ Clients stay focused on growth while we handle the rest
• ✔️ Affordable and competitive pricing for high-quality service
• ✔️ We act as a growth partner, building long-term client relationships

Steps to Incorporate an LLP

1. Apply for Name Reservation through the RUN form on the MCA Portal
2. Gather required documents and file incorporation using the FiLLiP form
3. Apply for Digital Signatures of the Designated Partners
4. Apply for DPIN (Designated Partner Identification Number)
5. Submit KYC documents of Designated Partners
6. Submit Utility Bill for registered office address (electricity, water, mobile)
7. Provide Rent Agreement if office is rented, or Property documents/Tax receipt if owned
8. Draft and file LLP Agreement with the ROC within 30 days of incorporation
9. Open a bank account in LLP’s name and deposit capital contribution

Steps to Incorporate an OPC

1. Apply for Name Reservation through the RUN form on the MCA Portal
2. Draft MOA (Memorandum of Association) and define business objectives
3. Gather documents and apply through SPICe+ and AGILE forms
4. Apply for Digital Signature of the Director
5. Apply for Director Identification Number (DIN)
6. Submit KYC documents of the Director
7. Provide Utility Bill for registered office address
8. Attach Rent Agreement if rented, or Property documents/Tax receipt if owned
9. Open a Bank Account and deposit the application money

Role of CA Bulalo Team After Incorporation

• 📘 Experienced professionals handle accounting and tax compliances
• 📉 Focused tax planning and reduced post-incorporation compliance burden
• 📊 Regular monitoring of KPIs, revenue trends, and profit margins with actionable MIS reporting
• 📈 Strategic recommendations on financial planning, cost control, and operational efficiency