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LLP Registration in Bengaluru

Ideal business structure for Small and Medium sized Enterprises going for Partnership

  • Starting At Rs. 6,999 Onwards
  • SAVE 50% COST..!!!
  • (Takes 15-30 days)

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What is LLP Registration ?

Earlier there were only two forms of Organisation:

  1. Limited Liability Entities (Partnership/Proprietorship)
  2. Unlimited Liability Entities(Company)

LLP Registration in Bengaluru – LLP is a partnership registered and governed under the Limited Liability Partnership Act, 2008. It is a body corporate which combines the features of a Company and a traditional partnership firm.

LLP is a legal entity where all the partners have limited and disjoint liability. LLP’s existence is not affected due to change in partners. It can hold contracts and enter into property in its own name.

Learn more
cor process
Procedure
Benefit
Steps
Package
Advantages
Document
FAQ

Procedure For LLP Registration

Fill Up Application Form

Complete our Simple
Form

Complete our Simple
Form

You need to fill our simple LLP online questionnaire and submit LLP documents.

Obtain DSC
DPIN for LLP

Obtain DSC
DPIN for LLP

After submitting your documents we will provide you with DSC and DPIN

Executive will Process Application

LLP Verifcation &
Name Approval

LLP Verifcation &
Name Approval

Details provided by you will be verified & then we shall apply for LLP name approval.

LLP Document
Submission

LLP Document
Submission

We will create all the required documents (MOA & AOA) and file them with ROC for your LLP.

Get Confirmation on Mail

Get Confirmation By
our Team

Get Confirmation By
our Team

Once your LLP is incorporated, we shall send you LLP certificate and DSCs

Benefits of LLP Registration in Bengaluru

“Bangalore, the Silicon Valley of India is booming with unprecedented growth”

Opportunities

Popularly known as the Silicon Valley and the destination to 5 of the 8 unicorns of India’s. Bengaluru is the best destination at the present for all the start-ups.


Growth

Today the IT sector of India is worthing approx. $ 146 billion. All the credits for this to Bengaluru, because Bengaluru is the destination to the IT giants like Wipro, Infosys, and whatnot.


VC Funding

Bangalore is the IT Hub and also the center of startups, every day a new idea comes for business with the dedication and passion to make it big. So the investors are also showing their interests in those startups’ ideas to provide them the funds.


Ease of business

All the top talent believe that Bengaluru is the place to fulfill the dreams. Services. Entrepreneurship in Bengaluru is the most attractive one because of the infrastructure. Also, the eco-system that has the talent, investors, research and development, huge competition, and of course, the excellent weather condition.

While Unlimited Liability Entities such as partnerships were easy to register but they suffered the disadvantage of unlimited liability. Thus there was a need for a single entity that could combine the advantages offered by both these forms of organizations.

LLP registration is easier with post registration compliances less in comparison to a body corporate and unlike partnership where liability is unlimited LLPs limit the liability of partners to the extent of their capital contribution. Also LLP is more preferred by VCs if one wants to go for funding.


Steps to register LLP Company

Step 1: Obtain DIN/DPIN

Any individual planning to become the partner of an LLP, has to submit an application for DIN. According to the notification of MCA regarding LLP rule, 2009, any partner who will be appointed as the designated partner of a company will have to apply for DIN instead of DPIN. The application for this is filled using an e-form which has a nominal cost of R. 100.


Step 2: Register your DSC

A partner who is going to be registered as the designated partner needs to get class 2 and class 3 DSC. Register on the MCA website, fill up the registration form and upload the DSC. After successful registration, you will get an acknowledgment message


Step 3: Fill Form 1 for name availability

A free name search facility is available on the MCA portal. The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up. Download and fill Form-1 for reservation of name and fill in the details. Select the name of the proposed. State the significance of the keyword.


Step 4: Fill Form 2 for incorporation

Mention the number of their partners along with details. Enter the monetary value of the partner’s share. Select the office of the registrar to file the application. Pay the prescribed fees. On submission of the complete application, you will get the certificate of incorporation.


Step 5: Drafting LLP Agreement

It is not mandatory to file an LLP agreement at the time of registration and it takes 30 days. Designated partners are responsible for doing all acts, matters, and things that are required to be done for complying with the provisions of the LLP act. They are liable to all penalties imposed on the LLP. So it is very important to draft an LLP agreement with professional help.


Step 6: Fill Form 3 for LLP Agreement

The LLP agreement needs to be uploaded. Once it gets approved all the formalities for registration gets completed.


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

Package Included

DPIN for 2 Partners
Digital Signature For 2 Partners
Name search & approval
LLP Agreement
ROC Fees & Pan card

Advantages

Since, LLP is a hybrid of a company and a partnership it has combination of plus points of both a company and a partnership. Some of those points are listed below as to why you should go for LLP Registration in Bengaluru:

  • Separate Legal Entity
  • Limited Liability
  • Low cost of setup
  • Lesser compliance requirements as compared to a company
  • Dis-joint liability – partners are protected from joint liability created by another partner’s wrongful acts or misconduct.
  • Tax Benefits i.e. LLP would be taxed in the same way as a traditional partnership firm
  • Perpetual Succession
  • There is no maximum limit for the number of shareholders in the Limited Liability Partnership.

Documents Required

  • PAN Card
  • DIN or DPIN – Director identification number or the designated partnership identification number
  • Identity proof
  • Address Proof
  • Utility Bill of the Registered Office
  • No Object Certificate from the Property owner
  • Copy of Rental Agreement
  • Digital Signature Certificate
Minimum Requirements
  • There should be a minimum of 2 partners.
  • There is no capital requirement, i.e. partners are allowed to start their LLP from any amount of capital.
  • 1 Indian Native Partner is necessary.

FAQ

At least two partners are required for an LLP registration. There is no limit to the maximum number of partners. If you are the sole owner, you can register as a “One Person Company”.

Any individual/organization can become a partner in an LLP including foreigners/NRIs. However, the individual must be 18+ and should have a valid PAN card.

Our procedure is 100% online which means there is no compulsion for you to be present at our office physically. A scanned copy of documents can be sent to us via mail, and we will handle the rest. You will get the company incorporation certificate from MCA via courier at your business address.

We do not have any hidden charges. Our system is quite transparent. After making your payment, we will send you an all-inclusive invoice, with no hidden charges. Our team supports you till you get your LLP bank account.

You need to have a bank account with a minimum balance of Rs.5,000. You need not invest any more capital in starting the business. You need not even deposit this amount to the bank. You can also show that the capital has been utilized as the pre-incorporation expenses of LLP e.g., LLP registration expenses. You can also show that this capital has been infused in form of assets such as computers etc.

Yes, but only after he has been assigned with DIN/DPIN. However, at least one designated partner in an LLP must be a Resident of India. The foreign director can also be a majority shareholder in the company.

Yes, you can register your LLP at your residential address. It is perfectly legal to start the company at your home or in your garage. “MCA” team typically doesn’t visit your office. You just have to provide your home address proof such as a rent agreement or an electricity bill.

Yes, a salaried person can become a partner in an LLP. You need to check your employment agreement if it allows for such provisions. In most, cases employers are comfortable with the fact that their employee is a director in another company.

No, you cannot convert your LLP into a Private Limited Company. Both, the “LLP Act, 2008 and the Companies Act, 2013” do not have any provisions which allow the conversion of an LLP intoin to a “Private limited company”. However, if you want to expand your business, then you can register a new “Private Limited Company” with the same name as that of the LLP. The LLP Company just needs to issue a no-objection certificate (NOC).

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