From 2nd October 2018, the LLP registration is set to be a smooth process as a new process has been launched by the ROC. Now incorporate your LLP easily with two partners, Our promo pack includes the Name Approval of the LLP, Drafting of LLP Agreement, Follow Up with the ROC until Issuance of the Certificate of Incorporation, and thereafter to get Pan, Tan allotted with Bank Account Opening Support.
Get StartedLimited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability as present in a company and the flexibility of a partnership business; In other words, it offers advantages of both worlds by bringing simplicity in management akin to partnership firms and scope of expansion like that of a company. The compliance requirements are relatively less, and only a few returns have to be filed. For small LLP the audit Is not required. An LLP is a new form of business introduced in the year 2009. For Registration of LLP, Minimum two people are needed, there is no limit any maximum number of its partners. The biggest advantage of LLP form of business over a Pvt Ltd Company is in the fact that there is less compliance requirement in comparison to a Company.
An LLP can be started by at least two partners. However, there is no limit to the maximum number of partners.
The minimum capital with which an LLP can be incorporated is Rs. 10,000/-, However, there is no upper limit.
One designated partner of the LLP must be resident in India by staying for at least 182 days in India during past financial year.
The name of LLP should not resemble with any existing company, LLP or a registered or applied trademark - IP India.
As the application for LLP Registration is filed online, the process starts with the issuance of the digital signature of class-2 for all the designated partners as well as of partners.
To incorporate an LLP, an application is filed for reservation of its name in form RUN-LLP, The name must be unique and not same or similar to an existing business name or a Trademark.
The next step for LLP Registration is the filing of FiLLiP with the ROC, for Incorporation of the LLP. On approval of the same, Certificate of Incorporation of LLP is issued.
Post formation of LLP, the partners need to enter into an agreement on appropriate stamp paper, which is to be filed with the registrar of companies within 30 Days of LLP Registration.
Our Professional Service Fee For Limited Liability Partnership (LLP) Registration in India
No Hidden Charges | Effective Price of LLP Registration Inclusive of Our Fee, Govt Fee, and GST (18%) at Our Fee
In case of Two Promoter and Capital up to Rs. 10,000 is as under.
Multiple Lines - 9 AM to 9 PM (365 Days in a Year)
We have prepared a detailed and easy to understand comparative table showing availability of features and advantages of one form of business to that of others. The same can be found at the end of this page. Click here to go there.
For incorporation of an LLP under The Limited Liability Partnership Act, 2009, anyone from below mentioned list of the document is acceptable as Identity Proof of the partner or designated partner of the proposed LLP.
For LLP formation in India, following are the forms on which partners need to sign, All the forms/formats to be printed on plain A-4 size paper and signature should be preferable with a blue ink pen.
A Limited Liability Partnership is incorporated with a physical address to be declared as the registered office of the newly registered LLP. Following are the list of the document which is acceptable as proof of premises where the registered office of the LLP is situated. The premises proof should not be older than two months.
Before an LLP occupies any premises as its registered address, a no objection certificate must be obtained from the owner of the premises. Similarly, at the time of filing for LLP registration, we need a NOC from the current owner of the premises along with proof of ownership as explained above.
A registered office is required to be declared at the time of LLP incorporation and to be maintained by the LLP, which must be capable of receiving and acknowledging all communications and notices as may be addressed to it. Further, the statutory records of the LLP also need to be maintained at the registered address of the LLP. Hence having registered address at coworking space is not acceptable unless this is a lockable area.
Limited Liability implies that the partners of the LLP are not personally liable to pay debts of the business. They are only responsible for the outstanding shares of the capital of the LLP.
Apart from the concept of Limited Liability as explained above an LLP have following significant features
The digital signature is an equivalent of physical or paper certificates in digital format. As the application For LLP Registration is filed online with Digital Signatures of the designated partners, hence the process starts with the issuance of the digital signature for all the designated partners. Photo, ID and Address proof is to be submitted along with Form for the issuance of DSC.
It is a permanent number issued by the registrar of companies, as a unique identification number to the designated partners of the LLP. No person can hold an office of the designated partner unless he is issued a DIN. For allotment of DIN, an application to MCA is made with Photo, Attested ID and Address proof duly attested by CA, CS or CMA
The partners of the LLP bind themselves concerning their mutual rights and obligation, capital contribution ratio, profit sharing ratio in a document which is known as LLP Agreement. After incorporation of LLP, the partners need to execute the same and file a copy with the registrar of companies within 30 days of Incorporation, failing which a penalty of Rs. 100 day is imposed for each day of delay.
The Income-tax Department allots a unique 10 Digit alphanumeric number as a permanent account number, also known as PAN Number. To comply with TDS provisions, every taxpayer needs to obtain a Tax Deduction Account Number. To open a Bank A/c, the LLP need to submit a prescribed application along with KYC of LLP and all its partners.
Check advantages and disadvantages of Common Business Entity Types
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