What is Limited Liability Partnership(LLP)?

LLP Registration in India is an alternative form of business startup which gives the benefits of limited liability and the flexibility of a partnership business. In other words, it provides advantage of limited liability to its owners and at the same time requires minimal maintenance.

Advantages of Registering Limited Liability of Partnership(LLP):

  • Limited Liability: The liability of the partners is to the extent of their capital contribution.
  • Separate Legal Entity: It has a separate legal entity and the partners are liable only to the extent of their capital contribution.
  • Perpetual Existence: The existence of LLP does not depend upon the partners.
  • No audit required till Turnover of 40 Lakhs.
  • Lowest Registration and Maintenance Cost to get entry into Corporate World.
  • Lowest compliance requirements compared to other forms of Strat-ups.
Requirements

Basic Requirements for Limited Liability Partnership (LLP) Registration:

  • Minimum 2(Two) Designated Partners out of which one should be Indian Resident.
  • DIN and DSC for both Designated Partners.
  • Proposed name of the LLP which should be unique, contain an activity word that reflects its objects and it should be in in line with the name guidelines provided by the Ministry of Corporate Affairs.
  • Proposed business activity of the LLP
  • Proposed Registered office address of the LLP.
  • No objection Certificate from the owner of premises where registered office of the LLP shall be situated.
STEPS

Steps involved in the registration of Limited Liability Partnership(LLP):

  • LLP Order Form: Fill up details for LLP registration and Complete our LLP Order form.
  • Obtain DSC: Apply for Digital Signature Certificates for all Designated Partners of the LLP.
  • Integrated Form FiLLiP: Apply for registration of LLP under integrated form for incorporation with one name in through Integrated Form FiLLiP with MCA.
  • Issuance of Certificate of Incorporation:Once the integrated forms for Incorporation have been filed, Company get incorporated within 2-3 working days and Certificate of Incorporation will be issued.
  • LLP Agreement: Drafting, Signing, Stamping and Filing of LLP Agreement in LLP e-Form-3 within 30 days of Incorporation.
  • PAN & TAN: Make Application for PAN & TAN with NSDL
Documents

Documents Required for Limited Liability Partnership (LLP) Registration

The proposed Designated Partners should provide the following documents for obtaining DIN, DSC and LLP Registration.

Category

Document Required

Identity Proof

Permanent Account Number (PAN) Card (Mandatory for Indian National)

Additional Identity Proof

(Any one of Document)

 

a)      Voters Identity Card

b)     Passport

c)      Driving License

Address Proof

(Any one of Document/Not older than 2 Months)

 

a)      Bank Statement

b)     Electricity Bill

c)      Mobile Bill

d)      Telephone Bill

Registered office Address Proof

Any one of Document/Not older than 2 Months)

Electricity Bill/Mobile Bill/Telephone Bill/Gas Bill

Passport Size Photographs of Designated Partners