LLP REGISTRATION

Incorporate Your LLP @ Rs 5999 All Inclusive No Hidden Charge.

An LLP is a combination of a Partnership firm and a Company. An entirely new concept of business. Register LLP online today in India in just 15 days.

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    What Is Limited Liability Partnership Registration?

    LLPs are a type of body corporate which are approved by the ministry under the Limited Liability Partnership Act, 2008. This organization is regulated by the Central Government. It is a combination of a Partnership firm and a company. LLP is a partnership but it enjoys almost all the features of the company, and these are:

    • Separate Legal Entity: The LLP has an independent and distinct entity from its partners as the company has from its shareholders. The partners and LLP are different from each other, the identity of the LLP doesn’t get affected by the change of the partners.
    • Limited Liabilities: All the partners of the LLP have limited liabilities whereas in the partnership firm all the partners that have unlimited partners are not personally liable for any debt or loss incurred by the LLP. They are only responsible for such amount which they agree to contribute as mentioned in the LLP agreement.
    • On Its Name: The LLP can buy or sell the property including a trademark on its name and also sue or be sued by any person on its name and also get entered into any contract or agreement with any other person under its name.

    The LLP registration online in India is the most popular option for professionals for conducting their business and is also a good choice for those who are involved in the business of consultancy. There are few LLP mandatory compliance every LLP has to follow as compared to other companies. Under the Indian Partnership Act, 1932 it is optional to register the partnership firm, but if any person wants to run LLP, then he shall have to take a certificate of registration from the Registrar and also have to file the LLP agreement. All the business registration details and profit & loss sharing ratio amount of capital invested shall mention in the LLP agreement.

    LLP Registration Package

    LLP Registration Fees - Rs 5999/-

    Documents Required For LLP Registration

    ID PROOF

    PAN Card, Adhaar Card Voter Id, Driving license, Passport

    ADDRESS PROOF

    Latest Bank Statement Or Utility Bill

    PHOTO

    Passport Size Photo

    OFFICE ADDRESS PROOF

    Latest Utility bill , Rent agreement, Ownership Document & NOC

    Process Of LLP Registration

    STEP 1 - SUBMIT DOCUMENTS

    You need to submit all the required documents but the documents should not be older than 2 months whether the partner is an Indian resident or NRI

    STEP 2 - NAME APPROVAL

    We will verify all the documents and then apply for the name reservation through the RUN application form. In one form we can request 4 names. The name should be unique and it is always subject to Government approval.

    STEP 3 - DIGITAL SIGNATURE

    After the name approval of the company, we will execute the procedure of the Digital Signature verification. For DSC Email, Video and Mobile Verification will be made by the applicant.

    STEP 4 - DOCUMENTS PREPARATION

    After name approval, we will prepare all your required documents like FORM-9 and subscribers’ sheet and all other required documents and will submit it to the registrar of companies in prescribed form i.e., “FiLLiP”.

    STEP 5 - LLP INCORPORATION

    Once all the documents submitted are duly verified by the Registrar of Companies, the approval is given and the Certificate of Incorporation is sent to you on your email id. After receiving an approval letter PAN application shall be made to the NSDL.

    STEP 6 - DRAFT LLP AGREEMENT

    After receiving the Certificate of Incorporation, we will draft your LLP agreement (it is just like the MOA & AOA of the company) as per the incorporation condition, it contains rights, responsibilities & duties of the partners and then we will send it to you. You will have to pay the required stamp duty for the LLP agreement and get it Notarized. After you send us the final agreement, we will file the final LLP Agreement to the Registrar of Companies for its approval. The agreement should be filed within one month of incorporation.

    Eligibility for LLP Registration

    PARTNERS: A minimum of two designated partners are needed for LLP registration in India. Both the partner shall have Designated Partner Identification Number (DPIN or DIN). There is no maximum limit for the partners and designated partners, but every person who is proposed to be appointed a designated partner in the LLP must have the DIN. In LLP both partners and designated partners can take part in the LLP but for LLP registration designated partners are required. A foreign citizen can also open LLP in India

    NAME: The name of the LLP must have the word “LLP” at the end of the name. For example; “ABC marketing LLP” here the ABC denotes the name of the company and marketing signifies that the LLP is indulging in the business of marketing and LLP word shows the business format.

    REGISTERED OFFICE: The LLP must have a registered office, and it should mention it in the LLP agreement. If any of the partner or designated partners wants to change the workplace then firstly, he will have to take consent of all along with NOC from the owner of the property, or from the majority partners or designated partners of the LLP, and after seeking the approval he shall have to intimate about such changes to the registrar of the companies.

    CAPITAL: There is no minimum capital requirement for the incorporation of LLP. The partners and designated partners can initiate their LLP by investing any amount of money with any ratio in form of contribution. The LLP can pay the interest on their invested capital at any rate as fixed by the designated partner by taking the consent of all partners and designated partners.

    Concerns & Benefits Of LLP

    • The LLP is a partnership entity with the company’s features. It has the advantages of both the business formats. As a company, the LLP is also a closely held association that has its own legal identity and both LLP and partners are different from each other.
    • All the partners and designated partners have limited liability. They are liable to contribute only that amount which they agree to provide as per LLP agreement and except that amount they won't be liable for any debt owned by LLP in its name. They are even not liable for the act done by any other partner; they are only accountable for the actions which they have done under their name.
    • Registering LLP is straightforward and very cheap. Only a few forms are allowed to submit to the registrar of companies, and now there is no minimum capital requirement hence no vast amount is needed to invest in the LLP.
    • There is no restriction of an unlimited number of total partners and designated partners, but all the designated partners must have the DIN before their appointment, the intimation shall be made to the registrar of the company, and after adding such partner, the LLP agreement shall amend such change and that amended agreement shall be submitted to the ROC.
    • The legal identity of the LLP doesn't get affected by the change in the partners and designated partners. Even the death of the partners doesn't affect the LLP but in an ordinary partnership firm if the partner dies the partnership firm gets dissolved.
    • The registration of a partnership firm is not compulsory the partners may not register their partnership firm they can run their firm only by mutual consent, but for running the LLP firstly it shall be approved by the registrar. Due to registration, the LLP has a valid identity.
    • The LLP is easily transferable. As the LLP is distinct from its partners and it is also an independent entity, therefore, it is simple to transfer the LLP.
    • There is very little compliance which the LLP needs to follow as there is no necessity of auditor appointments, holding board meetings, general meetings as compared to the company. The LLP only requires to submit the returns of the complete year to the registrar at the end of the half financial year and the end of the financial year respectively.

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    LLP Registration Online @5999/-

    Frequently Asked Questions

    There should be at least 2 people required as partners or designated partners in the Limited Liability Partnership. The persons can be either individuals or any business entities, but if any business entity becomes the partner or designated partner then it must appoint an individual person to act as its authorized representative.

    There is no minimum capital requirement at the moment of incorporation. The partners can start their LLP with any amount.

    Once the LLP gets approved it is valid till the time period mentioned in the LLP agreement or till the period when the partners mutually agree to wind up. If there is no fixed time that is mentioned in the LLP agreement, then it is valid as long as it complies with its yearly compliance requirements

    Yes, an existing private limited company or a public limited company can be converted into a Limited Liability Partnership after the approval of the Registrar. But the company should be an unlisted company.

    No, the Limited Liability Partnership cannot operate as a non-profit business.

    No, there is no need to appoint a director in the LLP as the partners or designated partners handle all the business operations of the LLP.

    Yes, every Limited Liability Partnership must have a registered office during its formation & tenure of business life. Whenever the Limited Liability Partnership shifts its workplace then it shall have to intimate about change in LLP office address to the Registrar of companies.

    Yes, the partners or designated partner can alter the LLP agreement during the tenure of the Limited Liability Partnership. In the following situation the LLP agreement can be altered:

    The liabilities of the partners or designated partners are limited to the extent to the amount of capital invested or agreed to be invested in the Limited Liability Partnership as mentioned in the LLP deed.

    • The Limited Liability Partnership is a registered entity whereas the partnership firm can be registered or not.
    • The Liabilities of the partners of LLP are limited, but in a partnership firm, the liabilities of the partners are unlimited.
    • The identity of the partners and LLP are different from each other, but in the case of partnership firms, the partners and partnership firm is considered as one.
    • The LLP is registered with the MCA (Ministry of Corporate Affairs) whereas the partnership firm is registered with the registrar on the state level.
    • The LLP can take loan or debt or any assets in its own name, but the liability is always with the partners in the case of a partnership firm

    RegisterExperts provide LLP Registration In Delhi – NCR, Mumbai, Bangalore, Kolkata, Kerala, Hyderabad, Gujarat, Haryana, Uttar Pradesh, Andhra Pradesh, Chennai, Odisha, Madhya Pradesh, Rajasthan, Bihar and all other Indian cities

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