LLP Registration
₹19,999.00
* T & C Apply
Delve into the world of Limited Liability Partnership (LLP) registration online, a distinctive corporate entity in India, offering enhanced liability protection and affordability.
LLP registration stands as a popular business structure globally. LLPs, along with private limited companies, are registered under the Ministry of Corporate Affairs, Government of India. Initiate your LLP registration process effortlessly with our streamlined services.
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Description
Exploring the Advantages of Limited Liability Partnership Registration
Limited Liability: Shield personal assets from business liabilities, ensuring each partner’s liability is restricted to their contribution.
Separate Legal Entity: Enjoy the perks of a distinct legal identity, safeguarding partners from each other’s actions.
Flexible Agreement: Customise agreements as per your needs, delineating rights, duties, and regulations.
No Manager/Owner Distinction: Partners manage and own the business, distinct from private limited companies, fostering independence.
Reduced Compliance: Experience simplified compliance with minimal annual requirements compared to private limited companies.
Effortless Dissolution: Seamlessly wind up operations with a streamlined process, offering faster closure compared to private limited companies.
Documents Required and Process
Documents Required for LLP Registration:
To initiate your Limited Liability Partnership (LLP) registration process, ensure you have the following documents ready:
Identity Proof of Partners:
- Aadhar Card
- Passport
- Voter ID Card
- Driving License
Address Proof of Partners:
- Aadhar Card
- Passport
- Voter ID Card
- Utility Bill (Electricity Bill, Water Bill, etc.)
Proof of Registered Office Address:
- Rental Agreement or Sale Deed
- Utility Bill (Electricity Bill, Water Bill, etc.)
- NOC from the Landlord (if rented)
PAN Card of Partners: Permanent Account Number (PAN) Card of all partners
Passport-size Photographs: Recent passport-sized photographs of all partners
Digital Signature Certificate (DSC): Digital signatures of all partners
Memorandum of Association (MOA) and Articles of Association (AOA): Drafted and signed MOA and AOA of the LLP
Consent of Partners: Consent of partners to act as partners in the LLP
Registration Procedure
Registration Procedure of Limited Liability Partnership (LLP) Firm:
The registration procedure for a Limited Liability Partnership (LLP) firm typically involves the following steps:
Name Reservation: Check the availability of the proposed LLP name and reserve it through the LLP RUN (Limited Liability Partnership – Reserve Unique Name) portal.
Drafting of LLP Agreement: Draft the LLP agreement, including the rights, duties, and obligations of partners.
Filing of Incorporation Form: File Form FiLLiP (Form for Incorporation of Limited Liability Partnership) along with necessary documents and fees with the Registrar of Companies (RoC).
Issuance of Certificate of Incorporation: Upon successful verification of documents and compliance, the RoC issues the Certificate of Incorporation for the LLP.
Obtaining PAN and TAN: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP.
Opening of Bank Account: Open a bank account in the name of the LLP and deposit the required capital.
FAQs
What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a distinct legal entity that provides limited liability protection to its partners while allowing them to actively manage the business.
What are the benefits of registering as an LLP?
Some benefits of registering as an LLP include limited liability protection, separate legal entity status, and reduced compliance requirements compared to other business structures.
Can foreign nationals be partners in an LLP?
Yes, foreign nationals can be partners in an LLP, subject to certain conditions and approvals as per the Foreign Exchange Management Act (FEMA) guidelines.
What is the minimum capital requirement for LLP registration?
There is no minimum capital requirement for LLP registration. The partners can contribute any amount of capital as per the LLP agreement.
How long does it take to register an LLP?
The LLP registration process usually takes around 15-20 working days, depending on the timely submission of documents and approvals from regulatory authorities.
Can an LLP convert into a private limited company?
Yes, an LLP can convert into a private limited company by following the prescribed conversion procedure as per the Companies Act, 2013.
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