Ideal business structure for Small and Medium sized
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(Takes 15-30 days)
What is LLP Registration ?
Earlier there were only two forms of Organisation:
- Limited Liability Entities (Partnership/Proprietorship)
- Unlimited Liability Entities(Company)
While “Unlimited Liability Entities” such as partnerships were easy to register but they had certain disadvantages. 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 in comparison to registration of a corporate body and unlike partnership where liability is unlimited, “LLPs” limit the liability of partners to the extent of their capital contribution.
Eligibility For LLP Registration
Advantages of LLP Registration
Since an LLP is a hybrid of “a company and a partnership”, so it has plus points of both forms of entities. Some of those points are listed below, and they also tell you, as to why you should go for an LLP Registration:
- 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.
Procedure For LLP Registration
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.
Documents Required for LLP Registration:
- 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
What Is Included In Our LLP Registration Package?
- DPIN for 2 Partners
- Digital Signature For 2 Partners
- Name search & approval
- LLP Agreement
- ROC Fees & Pan Card
- Free accounting software & GST filing
Why choose us?
When you choose us as your service provider for LLP Registration, we promise our undivided attention to you. Our team of experts ensures that your work is carried out with accuracy and detail. Our CRM system is designed in a way to provide tracking to each client about their work status and hence ensures quick completion of tasks. Our experienced support staff will help you at every stage of your work and advise you wherever needed. Our services do not end at registration. We provide Bookkeeping, Licensing, Auditing, Annual Filing and tax filing services also. You can outsource us all and focus on your core business operations.
Frequently Asked Questions
• Apply for Digital Signature Certificate (DSC), DIN and DPIN
• Name Approval and Reservation with ROC
• MOA & AOA submission
• Get Incorporation Certificate of LLP
• Apply for PAN, TAN and Bank account
• Register for LLP Agreement