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Want to start your own business or give a new identity to your existing business?
Then, Limited Liability Partnership (LLP) Registration in India is a game-changer for you. It is a business structure that combines the flexibility of partnership and the company’s limited obligation protection. With Company Registration Online, we will make this process so easy for you that you will not have any headaches for sure.
But why is this LLP Registration so important?
And what are the problems that clients face?
Let’s understand and discuss everything in detail in this article and also see the solution to those problems.
Are you ready? Let’s dive in.
LLP stands for (Limited Liability Partnership) is a business model that was introduced in India in 2008 under the LLP Act. This is a hybrid shape that merges the benefits of the partnership solid and a Private Limited Company. Meaning, you get the flexibility of a partnership as well as limited liability partnership protection like a company.
This means, if there is any loss in the business, your personal assets (car, bike, house, savings) remain safe. Through the LLP Registration Process, you can make a business legally recognized entity which can independently sign contracts, own property, and can even sue or be sued.
Here are the Benefits:
Limited Liability: Your personal property is safe, only business strength is at risk.
No Minimum Capital: No need to invest any fixed amount, small or big capital, everything will work.
Low Compliance: Compliance requirements for LLPs are very least in Private Limited Company.
Tax Benefits: LLPs get tax benefits like partnership firms, as profits are directly counted in partners taxes without extra Dividend Distribution Tax.
Scalability: At least 2 partners are required, but the maximum partner has no limit. It is easy to grow your business.
With Company Registration Online we are here to help you practically implement these benefits. But, first let us understand what problems clients have to face during LLP Registration.
When it comes to LLP Registration, many clients are confused or face unexpected hurdles.
Here are some common problems that we have noticed and their solutions that we provide:
Problem 1 – Name Approval Delay
Many times clients choose the good name for their LLP, but they do not follow the guidelines of the Ministry of Corporate Affairs (MCA). Either the name is already taken, or it is near to an existing trademark. This takes weeks to get the name approved.
Solution – We are using the free name search tool on the MCA Portal. We suggest unique MCA-approved names that not only reflect your business, but also get approved quickly.
Problem 2 – Documentation Confusion
For LLP Registration, documents like PAN Card, Address Proof, Digital Signature Certificate and LLP Agreement are required. Clients often submit incorrect or incomplete documents, due to which the application gets rejected.
Solution – We provide a dedicated checklist and give step-by-step guidance to you. You just have to send scanned copies, then we handle everything else. For foreign nationals or NRIs, we also arrange for notarized documents and translations.
Problem 3 – Problem with Digital Signature Certificate and DIN
Clients have to contact government-recognized agencies for DSC and Designated Partner Identification Number (DPIN/DIN), which is time consuming and confusing.
Solution – We handle the Class 3 DSC and DIN application process for you. You will not have to run around any agency. Just give the required details, and then we will arrange everything for you.
Problem 4 – Mistake in LLP Agreement Drafting
The Agreement is a reproving document that defines the partners rights, duties, and profit-sharing ratio. Often clients take it lightly or use generic templates, which can lead to legal disputes later.
Solution – Our CA and CS experts draft a customized LLP Agreement as per your business needs. This agreement is notarized and filed timely with the MCA.
Problem 5 – Hidden Costs and Unexpected Fees.
Many service providers initially show low fees, but later add hidden charges. This spoils the budget of the clients.
Solution – Trust us, we follow 100% transparent pricing. You will get an all-inclusive invoice with no hidden charges. Plus, we make it clear about government fees and stamp duty in advance.
Now that we have seen the problems and their solutions. Let’s see how the Registration Process is completed. This process is completely online and normally gets completed in 15-20 days, if all the documents are correct.
Here the breakdown:
Step 1: Get the Digital Signature Certificate
First of all, it is needed for the select partners to take DSC because all the documents of LLP are filed online and have to be signed digitally. This is a secure USB token which is received from government-approved agencies.
Step 2: Designated Partner Identification Number
After DSC, designated partners have to obtain DPIN and DIN. This is a unique ID which is applied through Form DIR-3 on the MCA portal. This process is also online and is completed with the attestation of CA/CS.
Step 3: Reserve the Name of LLP
Choose a unique name for your LLP which is not similar to any live company, LLP or Trademark. Apply for name approval through MCAs RUN-LLP (Reserve Unique Name) Form. You can give 2 name options, out of which one gets approved.
Step 4: Draft and file the LLP Agreement
LLP Agreement is a legal document that defines the mutual rights, duties, and profit-sharing ratio of the partners. This agreement must be signed and filed with the MCA through Form-3 within 30 days in incorporation. Stamp duty varies according to the state.
Step 5: Certificate of Incorporation
If all the documents and forms are correct, the Registrar of Companies (ROC) issues a Certificate of Incorporation within a few days. Along with this, you also get LLPIN (LLP Identification Number), PAN and TAN.
Congrats, your LLP is now legally registered!
There are some essential documents required for LLP Company Registration in India.
Here is a clear checklist:
Partners ID Proof: PAN Card (mandatory), Aadhar Card, Voter ID, Passport or Driver’s License.
Address Proof: Recent utility bill (electricity, gas, telephone) or bank statement (not older than 2 months).
Passport-Size Photographs: In White Background.
Registered Office Proof: Rent agreement (if rented) and No Objection Certificate form the landlord. If property is owned, then utility bill or property tax receipt.
For Foreign/Nationals NRIs: Notarized passport and address proof (driving license, bank statement etc.). Notarized translation for non-English documents.
LLP Agreement: Notarized and stamped, to be filed within 30 days of incorporation.
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(Takes 15-30 days)
LLP is a versatile option, but it’s not perfect for everyone.
Let’s compare:
VS Partnership Firms – There is unlimited liability in partnership, meaning personal assets are also at risk. LLP doesn’t have this problem.
VS Private Limited Company – In a Private Limited Company, there are more compliances (board meetings, audits, etc.), and there are also a minimum capital requirements. All this is flexible in LLP.
VS Sole Proprietorship: There is no legal entity status in sole proprietorship, and the personal assets of the owner are at risk. LLP is a separate legal entity.
There are some responsibilities even after registration:
Annual Filings: Form-11 (Annual Return) and Form-8 (Statement of Accounts) have to be filled every year.
Tax Filings: LLPs get tax benefits like partnership firms, but ITR filing is mandatory.
Bank Account: Open a bank account in the name of LLP and keep a minimum balance of Rs500.
We also guide you in post-registration compliances so that you can focus on your business.
We are a trusted partner for Limited Liability Partnership Registration.
Here’s Why:
Expert Guidance: CA, CS and a team of legal experts who will guide you every step.
Fast Process: Registration within 15-20 days, Guaranteed!
Affordable Pricing: No hidden charges, transparent quotes.
End-to-End Support: From documentation to post-registration compliances, we handle everything.
NationWide Services: Delhi, Mumbai, Bengaluru, Chennai, Kolkata. Pune, Hyderabad and Gurugram.
Now, that you know everything about LLP Registration.
Why not take a step forward?
Making your business legally secure and scalable has never been so easy.
Just contact us, and we will give you a simple, easy-going experience. With Company Registration Online, your dream business is now just a click away!
Connect with us today and start your Limited Liability Partnership Registration process.
Message and Call us Now and visit our website www.companyregistrationonline.in for free consultation!
Let’s make your business unstoppable!