What are the steps after Incorporation of LLP?

Post formation of LLP, you will receive the Registration Certificate from MCA via email. Within 30 days of formation of LLP, partners are required to prepare, execute & file LLP agreement defining the terms & conditions between themselves in respect of LLP & its Business. Drafting of LLP agreement is very vital & needs in-depth understanding of terms between partners & provisions of applicable laws. Good LLP agreement always saves future hassles & complications in relationships.  Delay or Non-compliance of said requirements leads to fine of Rs. 100/- per day, plus it has some serious consequences to business, LLP & partners of LLP. The LLP needs to obtain PAN, TAN, Professional Tax, State laws like shop act, applicable labour laws, pollution laws.

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