Limited Liability Partnership Registration
Contact US
Form Limited Liability Partnership Registration with Incorpadvisor. Start Your Business in professional manner
Give shape to your business idea. Our professionals can help you in online company registration. Just provide the documents. We will deliver all legal papers including the company's current bank account.
Providing business banking solutions in association with HDFC Bank
Trusted by ICICI bank to cater its clients all licensing & compliance needs
Providing lending solutions for business needs with Induslnd Bank
What is Limited Liability Partnership?
Limited Liability Partnership Firm is a corporate form of partnership firm. Limited Liability Partnership is also known as LLP. Limited Liability Partnership can be formed by 2 or more partners.
In an LLP, one partner is not responsible or liable for the misbehavior or carelessness of another partner.
An LLP shares all of the characteristics of a traditional partnership firm, with the exception of the same legal entity status and unlimited responsibility of the partners. As a result, limited liability partnerships have a separate legal existence and identity from their participants. Furthermore, its partners are only liable to a limited extent.
How to Register for LLP Registration?
Why choose Limited Liability Partnership Registration?
The Limited Liability Partnership format is an alternative to partnership firms. It is a corporate business vehicle that gives the benefits of limited liability for a corporation while also allowing its members to organize their internal administration on the basis of mutual agreement, as in a partnership firm. It has various features like the following:
Limited Liability
The accountability of partners shall be limited to the amount of their contributions to the company. In other words, they are not personally liable to outside creditors.
Simplicity
In comparison to the establishment and operation of a Private Limited Company, the formation and operation of an LLP are very straightforward.
Perpetual Existence
An LLP is a legal entity that exists independently of its partners and partners may change from time to time.
Minimum number of Partners
LLP can be formed with minimum of two partners.
Separate Legal Entity
It is a separate legal entity that can hold properties in its own name and is solely responsible for its responsibilities.
Unlimited numbers of Partners
You can have unlimited partners in Limited liability partnership firms.
Eligibility for Limited Liability Partnership Registration
Need Minimum Partners
In India, a minimum number of two partners is required for the formation of a Limited Liability Partnership.
Indian Citizen partner
One of the partners should have Indian citizenship. In India, this is a legal prerequisite for LLPs.
DPIN Number
An LLP’s partners must all obtain a unique partnership identification number (DPin).
Physical/Permanent Office Address
The Limited Liability Partnerships Act of 2008 makes this a requirement mandatory. The LLP must have a physical location for a registered office from where it may conduct day-to-day operation.
DSC for all Partners
It is a legal necessity for all LLP partners to obtain a Digital Signature Certificate. This would aid in the filing of digital and electronic papers and signatures.
Unique Company Name
Your company’s name must be distinct and unique. The suggested company name should not be similar to any existing registered Indian companies or trademarks.
Advantages of LLP Registration
There are certain benefits of LLP Registration (Limited Liability Partnership) in the business which are given below:
1. Partners personal assets are protected from limited liability.
2. LLP has a better image and credibility as compared to normal firms.
3. Easy Compliances requirement as compare to Company.
4. No Audit Requirement till certain level of annual turnover.
5. Business Continuity Remains, Partners may come and go.
6. There is no minimum capital contribution requirement.
Documents Required for LLP Registration
Documents of LLP Partners
1. Photo
2. PAN Card
3. Aadhar
4. Address Proof*
5. Proof of Identity**
Proof of the LLP Registered Office Address
1. Latest electricity bill
OR
any other utility bill in the name of the owner
2. Rent agreement b/w owner & company promoter
OR
NOC from Owner (if owner is the company’s promoter)
*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill.(Anyone, not older than 2 months).
**For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).
In case of Foreign Nationals/ NRIs–
1. Passport is Compulsory for Foreign nationals and NRIs.
2. They must additionally provide evidence of address, which might be a driver’s licence, bank statement, residence card, or any other Government-issued identity proof with an address.
3. If the documents are not in English, they will be accompanied by a notarized or apostilled translation copy.
Step-by-Step Process for Limited Liability Partnership [LLP] Registration
The intact process, including the approval of the DIN, LLP name, and LLP incorporation, takes roughly 7-10 working days. However, creating an LLP company is now a quick process, which allows all paperwork to be loaded into a single online platform. Our professionals will help you through the whole process of LLP Registration
DAY 1
1. Application for Digital Signature Certificate
2. Checking LLP Name availability
3. Application for LLP Name Reservation
4. Reservation of LLP Name
DAY 2 – 3
1. Drafting the LLP incorporation document
2. Filing application for LLP Registration
3. Application for DIN allotment of Designated Partners
4. Certificate of LLP Incorporation
DAY 4 – 5
1. Application for PAN and TAN of LLP
2. Drafting of LLP Agreement
DAY 6 – 10
1. Payment of Stamp Duty
2. Filing of LLP Agreement
How can we help in LLP Registration?
We have a top-notch professional team providing a hassle-free and error-free Online Company Registration Service in India. Our experts have been completing 1000+ Limited Liability Partnership Registration and staying up to date with MCA’s new registration procedures every day since 2014. So, we render you the best company formation solution that is MCA compliant.
Our company’s experts have experience with the LLP Registration Process in a variety of Industries. Chartered Accountants, Lawyers, and Company Secretaries make up our diverse teams of specialists. We have been dealing with transactions, taxation, and accounting issues in India over years. Our service is affordable.
Now, it’s your turn to kick start your business by registering it with full legal formalities. Our team is always there to guide you with your business at every step while you grow.
INBOX NOW COMPLETE LIST OF DOCUMENT REQUIRED
Types of Company Registration
COMPARISON
- Regulate by Act
- Equity Funding
- Taxation
- Number of Shareholders
- Separate Legal Entity
- Limited Liability
- Statutory Audit
- Statutory Compliances
- Foreign Participation / Investment
Recommended for
PRIVATE LIMITED COMPANY
- Companies Act 2013
- Easily Possible
- 26%
- Minimum 2 Maximum 200
- Yes
- Yes
- Mandatory
- Moderate
- Allowed
Startups
ONE PERSON COMPANY
- Companies Act 2013
- Not Possible
- 26%
- Only one
- Yes
- Yes
- Mandatory
- Moderate
- Not Allowed
Sole Proprietor
LIMITED LIABILITY PARTNERSHIP
- Limited Liability Act, 2008
- Possible, but unlikely
- 31.2%
- Minimum 2 Maximum - Unlimited
- Yes
- Yes
- If turnover exceed Rs.40 Lakhs
- Less
- Allowed
Professionals [CA, Architect, Agencies, Consultant, etc]
Plans And Pakeges
Basic
Rs.8500
Plus taxes
- Company Name Approval
- Certificate of Incorporation
- Current Bank Account*
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
- (2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)
Standard
Rs. 10500
Plus taxes
- Company Name Approval
- Certificate of Incorporation
- Commencement of Business
- Current Bank Account*
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
- PF Registration
- GST Registration
- Documentation Kit
Premium
Rs. 16500
Plus taxes
- Company Name Approval
- Certificate of Incorporation
- Commencement of Business
- Current Bank Account*
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
- PF Registration
- GST Registration
- Documentation Kit
- Website**
- Online Payment Gateway
- (2 Indian Directors, 2 Shareholders, and Authorised Capital of Rs. 1,00,000)
Why Incorpadvisor?
India's Best Achiever Award of 2020
1500+ Startup & SMEs Served Across India
Top 5 Star Google Review & Rating
Record of Highest Company & Trademark Registration
5+ Year of Startup &SMEs Legal Expertise
20+ Expert Team Member At Your Services
250+ Registration Every Month
Best Web Convenience
Frequently Asked Questions
Q. What is LLP?
The LLP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008
Q. How LLP is better than general partnership firm?
LLP has all features of partnership firm with an additional benefit of limited liability of partners and it also immunes the business name from being copied by others
Q. What are the minimum required partners to start LLP?
Minimum 2 Partners are required to start an LLP. There is no limit on the maximum number of partners in an LLP.
Q. How much investment is required to start a LLP?
Unlike a private ltd company no minimum capital required to start an LLP
Q. What is the legal proof of LLP firm?
A legal proof of LLP is certificate of incorporation as well as LLP agreement
Q. What is an LLP agreement?
LLP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted
Q. Can I name my LLP whatever I want?
Name allotment as desired by you is wholly a discretionary power of ROC. Normally ROC allot your desired business name if it is unique and not resembling with any existing company/LLP
Q. Is DSC required for LLP firm?
Yes, DSC of an authorized director is required while incorporating an LLP.
Q. Do you provide this service in my town?
Yes Incorpadvisor is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done
Q. Do I need to physically present for the process?
No, You don’t need to be physically present for the process, Incorpadvisor is an online catering platform all you need is internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at remotest location of the India
Still have questions?
I you can’t find answers to your questions in our FAQ section, you can always contact us. We will get back to you shortly.