Limited Liability Partnership Registration. Start Your Business in professional manner
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Get a quick registration for limited liability partnership within 10 days at Legal Art. Have all the benefits with transparency from our team to prepare all the documents for the process.
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What is Limited Liability Partnership (LLP)?
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.
Limited Liability Partnership (LLP) is a unique business structure governed by the Indian Company Act. It offers the flexibility of a partnership along with the benefits of limited liability to its partners. In an LLP, each partner is not personally liable for the debts and obligations of the LLP, which means their personal assets are protected in case of any legal claims or financial losses incurred by the business.
This business entity is ideal for professionals and small to medium-sized businesses looking to combine the advantages of a traditional partnership with limited liability protection. LLPs are managed and governed by the partners themselves, allowing for greater autonomy and flexibility in decision-making.
What is a Private Limited Company?
How do I Register an Online LLP Registration?
Our team of professionals is equipped to guide you through the process of LLP Registration (Limited Liability Partnership). Registering an LLP is a straightforward and expeditious procedure that can be completed online with just a few simple steps:
Step 1. Initial Consultation: Reach out to our experts for an initial consultation where we will assess your eligibility and document requirements.
Step 2. Name Availability Check: Our team will assist you in determining the availability of your desired name for LLP registration.
Step 3. Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN): We will help you apply for DSC and DPIN for the partners of your LLP.
Step 4. Preparation of ROC Forms and LLP Agreement Drafting: Our professionals will handle the preparation of all necessary ROC forms and draft the LLP agreement on your behalf.
Step 5. Application and Delivery: Once everything is in order, we will apply for your Certificate of Limited Liability Partnership and deliver it to you along with the finalized LLP deed.
With our expert guidance and support, you can navigate the LLP registration process seamlessly and efficiently. Reach out to us today to get started on establishing your LLP with confidence.
Why Choose LLP Registration?
The Limited Liability Partnership (LLP) structure serves as an alternative to traditional partnership firms, offering a corporate business framework with the advantage of limited liability akin to a corporation, while retaining the flexibility for members to manage internal affairs through mutual agreements, similar to partnership firms. Key features of LLP include:
1. Limited Liability: Partners' liability is restricted to the extent of their contributions to the LLP, shielding them from personal liability to external creditors.
2. Simplicity: LLP formation and operation are notably simpler compared to Private Limited Companies, making it an attractive option for entrepreneurs seeking a streamlined business setup.
3. Perpetual Existence: LLP enjoys perpetual existence as a separate legal entity, independent of its partners, enabling seamless continuity even as partner compositions change over time.
4. Minimum Partner Requirement: Formation of an LLP necessitates a minimum of two partners, providing flexibility for small to mid-sized ventures.
5. Separate Legal Entity: An LLP functions as a distinct legal entity capable of owning assets and assuming obligations in its own right, thereby shielding partners from personal liability.
6. Unlimited Partner Capacity: LLPs offer the flexibility of accommodating an unlimited number of partners, facilitating scalability and collaborative ventures.
We specialize in guiding businesses through the LLP registration process and providing ongoing support to ensure compliance and smooth operation. Contact us to learn more about leveraging the benefits of LLP for your business goals.
Eligibility for Online LLP Registration
- Minimum Number of Partners: In India, the formation of a Limited Liability Partnership requires a minimum of two partners.
- Indian Citizenship Requirement: At least one of the partners must hold Indian citizenship, as mandated by Indian law for LLPs.
- Partner Identification Number (DPIN): Each partner of an LLP must obtain a unique Digital Partner Identification Number (DPIN).
- Physical Office Address: According to the Limited Liability Partnerships Act of 2008, it is obligatory for an LLP to have a physical registered office address
where daily operations can be conducted.
- Digital Signature Certificates (DSC): All partners of an LLP are legally required to acquire Digital Signature Certificates, facilitating the submission of electronic documents and signatures.
- Unique Company Name: The chosen name for your company must be distinct and exclusive, avoiding any resemblance to existing registered Indian companies or trademarks.
Benefits of LLP Registration
1. Shielding of Partners' Personal Assets: Enjoy the security of limited liability, safeguarding personal assets against business debts and liabilities.
2. Enhanced Image and Credibility: Elevate your business's reputation with the prestigious status of an LLP, fostering trust and confidence among stakeholders.
3. Simplified Compliance Procedures: Experience streamlined compliance requirements compared to traditional companies, reducing administrative burdens.
4. Audit Exemption: Benefit from exemption from mandatory audits up to a specified annual turnover threshold, easing financial obligations.
5. Flexible Business Continuity: Maintain seamless operations with the ability for partners to join or depart without disrupting business continuity.
6. No Minimum Capital Contribution: Start your venture without the burden of minimum capital requirements, allowing for greater financial flexibility and accessibility.
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 Timeline for Online LLP Registration Process
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
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DAY 1
1. Application for Digital Signature Certificate
2. Checking LLP Name availability
3. Application for LLP Name Reservation
4. Reservation of LLP Name
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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
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DAY 4 - 5
1. Application for PAN and TAN of LLP
2. Drafting of LLP Agreement
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DAY 6 - 10
1. Payment of Stamp Duty
2. Filing of LLP Agreement
How can we help in LLP Registration?
Our professional team specializes in providing seamless and accurate Online Company Registration Services in India. With a track record of successfully completing over 1000 Limited Liability Partnership Registrations, we ensure compliance with the latest procedures mandated by the Ministry of Corporate Affairs (MCA). Our expertise spans across various industries, supported by a diverse team of specialists including Chartered Accountants, Lawyers, and Company Secretaries. Having dealt with a myriad of transactions, taxation, and accounting challenges in India, we offer affordable solutions tailored to your needs.
Take the first step towards launching your business by entrusting us with the legal formalities of registration. Our dedicated team is committed to guiding you through every stage of your business journey.
Types of Company Registration
COMPARISON
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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
LLP
-
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]
PACKAGES
Standard
₹ 9999
Plus taxes
LLP Incorporation Certificate;
Drafting and filing of LLP Agreement;
2 DIN, PAN & TAN;
Help in opening Current Bank Account*
1 Partner's DSC;
GST Registration
Premium
₹ 13499
Plus taxes
LLP Incorporation Certificate;
Drafting and filing of LLP Agreement;
2 DIN, PAN & TAN;
Help in Opening Current Bank Account*
1 Partner DSC
GST Registration
Basic Business Website**
Basic
₹ 7999
Plus taxes
LLP Incorporation Certificate;
Drafting and filing of LLP Agreement;
2 DIN, PAN & TAN
Current Bank Account*
1 Partner DSC