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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-

A limited Liability Partnership is a kind of business structure that provides various liability protection for its owners. In LLP, the one partner is not responsible for another person’s negligence or misconduct. LLP provides many advantages to its owner along with less attentiveness regarding its maintenance. This act was launched in India under the Limited Liability Partnership Act, 2008.
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.

Advantages of Limited Liability Partnership

No minimum capital demand : LLP can be started with a very small amount of capital money. Capital might be in the form of tangible, movable assets like machinery or intangible form, or land. Capital requirement in the case of Private Company (Requirements for Registration of a Private Company) and Public Company (Requirements for registration of a Public Company) is Rs. 1,00,000 and Rs. 5,00,000 respectively though no such mandatory capital requirement specified under the LLP.
Convenient : It is easy to start and manage a business like entrepreneurs because LLP agreements are customised according to the needs of the partners concerned. There are fewer formalities in areas of the annual meetings, legal compilations, resolution as compared to any other Limited Liability Partnership.
Lesser registration cost : The cost of registration of LLP is low as compared to any other company(Public or Private)
No limit on owners of business : LLP might have partners varying from two to many. There is no such kind of limit for partners in LLP. An LLP vital a minimum of 2 partners while there is no limit on the maximum number of partners in contract to a private company.
No requirement of compulsory audit : LLPs do not require the audit of the accounts. Any other company (public or private) are mandatory to get their accounts audited by the auditing firm. LLP needs to audit their account in the following situations:-
  • 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 Directors
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

LLP 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 DIN and DSC : After getting the DSC now it’s time to enroll for DIN 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 : After the approval of the form, Incorporation Certificate will be provided by the MCA whichshows the company is formed.

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.

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.

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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 be  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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