Limited Liability Partnership (LLP) Registration Online In India
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Limited Liability Partnership Registration process
It is very easy and simple to register a Limited Liability Partnership with us.
Our experts will help you in understanding your business structure.
Step 1
Our experts will help you in picking up the right company name.
Step 2
Our experts will draft the LLP agreement according to the requirements.
Step 3
Limited Liability Partnership (LLP) Registration-
Few are the features of the Company: An LLP is the form of an effective partnership that limits the liability for the partners instead of the other partnerships do. This kind of partnership is the most favourable among the Architects, Accountants, Attorneys, doctors, dentists, and many more. Register LLP is a great opportunity that provides limited liability protection for the owners from the debts of the LLP.
Benefits of Limited Liability Partnership
No minimum capital demand -
Convenient
Lesser registration cost
No limit on owners of business -
No requirement of compulsory audit
- When the contributions of the LLP exceeds Rs. 25 Lakhs, or
- When the annual turnover of the LLP surmount Rs. 40 Lakhs
Documents required to register a Limited Liability Partnership
|
Requirements for Limited Liability Partnership |
Indian Partners |
|---|---|
|
Identity Proof |
Aadhar card/Passport / Voter Identity Card / Driving license.
|
|
Residential Proof |
Bank Statement/Mobile Bill/Telephone Bill/ Electricity Bill |
|
Passport |
Not Mandatory |
|
PAN Card |
Mandatory |
|
Registered Office Proof |
Electricity bill/ Gas bill |
Why choose limited liability partnership incorporation in India?
- Incorporation of Limited Liability Partnership is more flexible to organise the internal structure of LLP. Relatively it is complex to organise the internal structure of a company.
- The LLPs serve as separate legal entities because partners and LLP are different from each othe
- There is no requirement for a minimum capital amount to begin a limited liability partnership.
- Minimum two persons are required to form a Limited Liability Company at the same time there is no limit on maximum partners in LLP.
- Auditing of LLP in India is necessary when only the contribution exceeds 25 lakhs or annual turnover exceeds 40 lakhs.
- An LLP can be its own property as it has individual legal recognition in the eyes of law.
Limited Liability Partnership Registration Process :
The Digital Signature Certificate(DSC) -
The very first step that comes under the process of registration is to enroll for the DSC of the designated partners of the proposed LLP. The process of LLP Registration Online needs DSC specifically, to ensure the documents are digitally signed. So, get the DSC from the government-approved certifying agencies.
Fill the application of DPIN and DSC -
After getting the DSC now it’s time to enroll for DPIN and DIN for the proposed partners of the LLP and file the form which needs to be signed by a Company Secretary in full-time employment of the company or by the Director, CEO, or Managing Director of the existing company in which the candidate is positioned as a director.
Approval of the name and Reservation with ROC -
The LLP-RUN which is Limited Liability Partnership – Reserve Unique Name needs to register for the reservation of the name of the proposed LLP.
FilliP Form
The form FiLLiP which is used for Incorporate of Limited Liability Partnership must be registered with the Registrar who has jurisdiction over the state in which the registered office of LLP is situated. It will be an integrated form. The incorporation documents need to be present to MCA along with the incorporation application. The MCA will approve the application within 5 to 7 working days
Get the Incorporation Certificate of LLP
Process for PAN, TAN, and Bank Account -
The next step is to apply for PAN and TAN. These can be received within 7 working days. You can submit MOA,PAN, AOA and the incorporation certificate to the bank to open your bank account.
Apply for the Registration of the LLP Agreement
The agreement includes the mutual rights and duties between the LLP and its partners. It must be registered in Form 3 which has to be filled in the duration of 30 days of the date of incorporation.
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Frequently Asked Questions
A. LLP has to final his accounts every year and submit it to ROC which is called LLP Annual filing. Non-filing of forms will impose high penalties.
A. Absolutely not, the whole process is online. Not required to physically present.
A. Not required. Once the LLP is formed, it is valid till it is officially closed down by the owners. No fees or renewal is essential. Furthermore, every year LLPs have to file the basic returns with the ROC Office.
A.Yes, we can add a number of designated partners or partners in the LLP.
A. Yes, a foreign individual can become designated partner or partner in LLP.
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