LLP Registration

@ Rs. 1,999/- Government Fee on Actual Basis.

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.

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Limited Liability Partnership (LLP)

Limited 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.

llp registration

Eligibility For LLP Registration In India

Minimum Two Person Required for LLP Registration

MINIMUM TWO PERSON

An LLP can be started by at least two partners. However, there is no limit to the maximum number of partners.

Minimum Capital needed for LLP Registration

MINIMUM CAPITAL

The minimum capital with which an LLP can be incorporated is Rs. 10,000/-, However, there is no upper limit.

LLP one partner should be India

RESIDENT PARTNER

One designated partner of the LLP must be resident in India by staying for at least 182 days in India during past financial year.

LLP Name should be Unique

UNIQUE NAME

The name of LLP should not resemble with any existing company, LLP or a registered or applied trademark - IP India.

Stepwise Procedure For LLP Registration
Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN)
Digital Signature Certificate (DSC)

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.

LLP Name Approval
Name Approval of LLP

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.

LLP Incorporation Certificate
Incorporation Certificate

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.

LLP Agreement
LLP Agreement Filing

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.



STARTUP INDIA PROMO PACKS

Our Professional Service Fee For Limited Liability Partnership (LLP) Registration in India

BASIC

Rs. 1,999/-

  • Applicable if you already have DIN & DSC
  • Name Approval of the LLP
  • Certificate of Incorporation
  • PAN and TDS number for the LLP
  • LLP Agreement Drafting & Filing

Silver

Rs. 4,999/-

  • DIN & DSC for Two Partner
  • Name Approval of the LLP
  • Certificate of Incorporation
  • PAN and TDS number for the LLP
  • LLP Agreement Drafting & Filing

Gold

Rs. 7,999/-

  • Everything from Silver Pack
  • Bank A/c Opening Support
  • GST Registration
  • MSME Registration
  • LLP Act and Rules - Latest Edition

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.

Promo Pack
  • Basic
  • Silver
  • Gold
Delhi
  • 3,375/-
  • 6,915/-
  • 10,455/-
Mumbai
  • 3,775/-
  • 7,315/-
  • 10,855/-
Bengaluru
  • 5,275/-
  • 8,815/-
  • 12,355/-
Chennai
  • 6,275/-
  • 9,815/-
  • 13,355/-
Hyderabad
  • 3,575/-
  • 6,115/-
  • 10,655/-
Kolkata
  • 3,375/-
  • 6,915/-
  • 10,455/-
Gurugram
  • 3,297/-
  • 6,837/-
  • 10,377/-
Noida
  • 3,345/-
  • 6,885/-
  • 10,425/-

List of Documents For Company RegistrationList of Documents For LLP REGISTRATION

FOR REGISTERED OFFICE OF THE LLP

  • Premises Proof Where the Registered office is Situated
  • No objection certificate from the owner of premises
  • Premises proof should not be older than two months

FOR DIRECTORS / SHAREHOLDERS

  • Two photographs of all the partners
  • PAN Card of Each Partner
  • Identity Proof of each Partner
  • Address Proof of Partner

2018 Company Registration.

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Email
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Multiple Lines - 9 AM to 9 PM (365 Days in a Year)

FAQs ON HOW TO REGISTER A LLP Registration

What is the difference between LLP and Other Forms of Business ?

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.

What documents are accepted as Identity Proof of Partners?

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.

  • Passport
  • Driving License
  • Voter ID Card

What documents are accepted as address proof of the partner?

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.

  • Consent of All Partner for LLP Incorporation
  • Subscriber Sheet for LLP Registration

What are the forms required to be signed by the partners of an LLP?

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.

  • Electricity Bill
  • Gas Bill
  • Telephone Bill
  • Mobile Bill
  • NOC from the Owner of Premises

Do I need to take a NOC from the owner of premises for registered address, What is the format of NOC?

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.

Can co-working office space/ shared office/ Virtual Office address be registered address of the LLP?

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.

What is the meaning of “Limited Liability” in LLP?

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.

What are the most significant characteristics of the corporate form of business?

Apart from the concept of Limited Liability as explained above an LLP have following significant features

  • The LLP will continue to exist, no matter how many partners, designated partners join or leave.
  • An LLP can Sue and be Sued in its name.
  • A legal entity like an LLP has a separate identity from its partners.
  • Like a person, an LLP can purchase, sell, own, possess, enjoy and transfer property rights to anyone in its name.

What is DSC

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.

What is Directors Identification Number for LLP?

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

What is LLP Agreement?

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.

What is PAN, TAN and how the Bank A/c of the LLP is Opened?

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.

COMPARE FORMS OF BUSINESS

Check advantages and disadvantages of Common Business Entity Types

  • ▼ Separate legal entity
    • A Company is a separate legal entity separate from its promoters
    • An OPC is a separate legal entity separate from its promoters
    • An LLP is a separate legal entity separate from its promoters
    • A Partnership is a legal entity but not different from partners
    • The proprietor and the proprietorship business is the same thing
  • ▼ Limited Liability
    • Shareholders of a Company are bound to pay only up to the capital they have subscribed to the company.
    • In OPC, unlike a proprietorship, the shareholder cannot be asked to pay beyond his subscribed capital
    • The partners of an LLP can be called upon to pay only up to the amount of capital they subscribed to.
    • There is no protection of limited liability, even the personal properties of partners are at risk for losses of business
    • The proprietor is the whole sole of the business, and his liability to the debts or losses of proprietorship is unlimited.
  • ▼ Number of members
    • A Company can be opened with at least two person. However, the maximum number cannot be more than 200
    • In case of OPC, Only one person can be a shareholder. He would be required to appoint a nominee.
    • With two partners an LLP can be incorporated, there is no limit on the maximum number of partners
    • A Partnership firm can start with a minimum of two partners, the, however, the maximum number is capped at 20
    • Only one person is required for proprietorship, also known as proprietor.
  • 2 - 200
  • 1
  • 2 - unlimited
  • 2 - 20
  • 1
  • ▼ Number of Directors /DP
    • A company can be opened with at least two and maximum of 15 directors. The same person can be a shareholder as well as director
    • At least one person must be appointed as director of the company. The shareholder and director may be the same person
    • The minimum two designated partner is required in an LLP & there is no limit to the maximum number.
    • There is no separation of ownership and management in case of a partnership. All partners are equally responsible for the conduct of business.
    • In case of proprietorship, the proprietor is solely responsible for the conduct of business.
  • 2-15
  • 1-15
  • 2 to unlimited
  • Not Applicable
  • Not Applicable
  • ▼ Foreign Investment (FDI)
    • Foreign Direct Investment in case of a Private Limited Company is available under the automatic route.
    • FDI is not allowed in One Person Company
    • FDI in LLP Is permitted subject to prior approval from the central government
    • FDI is not allowed in Partnership Firm
    • FDI is not allowed in proprietorship Business.
  • ▼ Ownership Transferability
    • The shareholding of a Pvt Ltd Company is easily transferable
    • OPC Shares can be transferred to new shareholder along with the nominee
    • In LLP share of a partner can be transferred with the consent of all other partners.
    • Not Possible, every admission or removal of partner amounts to the new firm.
    • Not Applicable
  • ▼ Perpetual Existence
    • A Company exists beyond the life of its owners /shareholder. After the death, the shares transmits to legal heirs
    • OPC Continues to exist even after the death of its only shareholder, as it passes to the nominee.
    • The LLP also have perpetual existence and exists beyond the life of the designated partner
    • No perpetual existence, with the death of a partner, the partnership ends.
    • No perpetual existence, with the death of the proprietor, it ends.
  • ▼ Tax Benefits
    • The company tax rate is flat at 25% on its profits
    • The company tax rate is 25% on its profits
    • LLP Income Tax Rate is 30% on its profits
    • Partnership firms are taxed at 30% on its profits
    • For a small business with low turnover, there is the benefit of individual tax slabs
  • Effective
  • Effective
  • Low
  • Low
  • Good
  • ▼ Statutory Compliances
    • The company is required to file an annual return, balance sheet to ROC and ITR around the month of September
    • OPC is required to file an annual return, balance sheet to ROC and ITR around the month of September
    • LLP have to file an annual return in form 11 and financial statement in Form 8 and ITR
    • Only ITR is to be filed
    • ITR is required to be filed if the taxable income is more than 2.5 Lac
  • High
  • High
  • Low
  • Minimum
  • Minimum
  • Formation Cost
  • 1,999/-
  • 1,999/-
  • 1,999/-
  • 4999/-
  • 2,499/-

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