Limited Liability Partnership (LLP) Registration
Ideal business structure for Small and Medium-sized
Enterprises going for Partnership
Starting At Rs. 6,999 Onwards
(Takes 15-30 days)
LLP Registration Online
How To Register An LLP Company Online
You can operate your business under a “Limited Liability Partnership” in India online. We hold immense knowledge and expertise in LLP registration and will help you in the following ways.
LLP Registration Online
Complete our LLP Form
You need to fill our simple LLP online questionnaire and submit LLP documents.
Obtain DSC and DPIN for LLP
After submitting your documents we will provide you with DSC and DPIN
LLP Verification & Name Approval
Details provided by you will be verified & then we shall apply for LLP name approval.
LLP Document Submission
We will create all the required documents (MOA & AOA) and file them with ROC for your LLP.
Your work is completed
Once your LLP is incorporated, we shall send you an “LLP certificate” and DSCs
Limited Liability Partnership (LLP)
LLP was started in India under the “Limited Liability Partnership Act, 2008” which states that partners are not liable for other’s misconduct. LLP is preferred by “experts, Micro and Small businesses” that are family-owned or are closely-held.
Limited Liability partnership provides the advantage of limited liability to its proprietors and at the same time needs essential care. The proprietors of a private limited company have limited responsibility to creditors. In case of failure, banks/creditors can just sell the organization’s assets and not the individual assets of directors
Accordingly, all partners in an LLP enjoy a type of “limited liability”, which acts as a protection for them, within the partnership.
LLP Registration is done by “LegalRaasta” which is situated in “Delhi NCR, Bengaluru, Mumbai, Chennai, and all other Indian cities.”
Choose LLP because
- Double benefits- Company and a Partnership
- Limits the liabilities of its partners
- No partner will be liable for other partner’s misbehave
- Cheaper to incorporate than a private limited company
Documents Required For LLP Registration
- Copy of PAN Card of partners
- Passport size photograph of partners
- Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
- Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
- Copy of Sale Deed/Property Deed (If owned property)
- Landlord NOC (Format will be provided)
- Passport (in case of Foreign Nationals/ NRIs)
- Digital Signature Certificate
- Copy of Notarised Rental Agreement
- Copy of NOC from the property owner
Factors to Consider While Selecting an LLP Name
Meaningful
Short & Simple
Unique Component
Blacklist
No same Trademarks
Suffix
The name of your LLP Company must finish with the suffix “LLP” is an instance of a limited liability partnership
Descriptive Name
Should not be illegal or offensive
Steps to form an LLP
Step 1: Digital Signature Certificate (DSC)
Prior to beginning the procedure of enlistment, you should Register for the DSC for the assigned partners of the proposed LLP. Applying for DSC is necessary because the procedure for registering an LLP is done online and requires to be digitally signed.
In this way, the partners in an LLP must get the DSC from government-affirmed confirming offices.
Step 2: Application of DIN (Director Identification Number) and DPIN (Designated Partner Identification Number)
Subsequent to applying for DSC, the next stage is to enlist for DPIN and DIN for the proposed Partners of the LLP, within a time period of 5 to 7 days. The application for the allocation of DIN must be made in Form DIR-3. You need to attach a scanned copy of the Aadhaar card and PAN card to the form. The form should be marked by a Company Secretary who is in full-time employment with the company or by the “Managing Director, Directors, or CEO” of the existing company, in which the candidate shall be designated as a director.
Step 3: Name Approval and Reservation with ROC
The Name approval procedure will take 5 to 7 working days. A re-submission of the form should be made within 15 days, in case of an occurrence of dismissal.
Step 4: MOA & AOA submission
Step 5: Get Incorporation Certificate of LLP
Step 6: Appeal for PAN, TAN and Bank account
Step 7: Register for LLP Agreement
Why choose LLP Registration?
- It has a different legal entity, not at all like partnership firms.
- The liability and duty of each partner are limited to the commitment made by the partner.
- An LLP has a ‘never-ending progression’ that is broadened endurance until it is brought to an end by a shared agreement between the partners.
- The expenditure on establishing an LLP is low.
- An audit is not required as LLPs are medium and independent companies
- Less agreement and guidelines in the formation of LLP.
- No terms for least capital commitment.
- The responsibility of an LLP can be effortlessly moved to someone else. All you require is to select them as a Designated Partner of the LLP.
Eligibility For LLP Registration
Minimum 2 Partners (18 years and above age)
No Capital Requirement
At least one Designated Partner as Indian Resident
DPIN for all Partners
Important forms in LLP Registration
- RUN – LLP Reserve Unique Name-Limited Liability Partnership- A form for reserving a name for the LLP
- FiLLiP – A Form for incorporation of LLP
- Form 5- Notice for change of name
- Form 17- Application and statement for the conversion of a firm into LLP
- Form 18- Application and Statement for conversion of a private company or unlisted public company into LLP
Checklist: If your company qualifies for LLP in India
A must company, fulfill certain requirements, for it to be enlisted as an LLP
Any company who has:
-
- At least 2 partners. There is no restriction over the maximum number of partners. The designation of a natural person if a “corporate body” is a Partner.
- Each partner needs to contribute towards it, as no shared capital prerequisite, however.
- Least capital commitment: There is no base capital amount required for an LLP (or a company, for that matter). The LLP should have an endorsed capital of Rs.1 lakh.
- Minimum 1 Designated Partner who is a “resident of India”.
- DPIN for all Partners
- DSC for all the Designated Partners
- Address proof of the registered office of the “LLP”. Even a rented home can be the registered office, as long as an NOC is obtained from the landlord.
What are the Compliance Requirements after an LLP Company Registration in India?
Post-Incorporation Compliances
When a Limited Liability company enrollment is done, then the recently incorporated LLP is relied upon to get done with the following compliances. These compliances are one time in nature and are not repeated.
1. Partnership Agreement Filing
2. Apply for PAN & TAN
3. Open Bank Account
Annual Compliances Requirements after the LLP Registration
After the completion of the formation procedure, LLP is relied upon to comply with the yearly consistent necessities. If the number of transactions after the LLP registration is zero, then LLP will record NIL return.
The following returns are relied upon to be enlisted:
1. Statement of Account & Solvency
2. LLP Annual Return
3. Income Tax Return
Penalties Provisions in LLP annual compliance default
- According to the “Limited liability Partnership Act, 2008”, it is compulsory to register for all the prescribed compliances on an annual basis. There is a provision for a penalty, in case of any failure in registering Form 8 and Form 11, for reporting of the LLP’s financial statements and annual returns. A fixed amount of Rs.100 per day, for each agreement that is not registered. No maximum limit is specified.
- Every enrolled LLP is required to do Income tax return filing with Annual filing. This filing should be done before the 30th of September every year. After LLP registration, any LLP which fails to meet this deadline will be imposed with a penalty of Rs.5,000 and the filing must be done by 31st December of that year. If the LLP fails to reach this deadline, then the penalty amount will be double that is Rs.10,000.
It takes 15 to 30 working days (approx.) to complete the Limited Liability Partnership Registration method. The timeline may fluctuate depending upon reactions from the ROC department.