LLP Registration2019-10-31T08:51:44+00:00

LLP Registration


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

Starting At Rs. 8,619 Onwards

SAVE 50% COST..!!!

(Takes 15-30 days)

LLP Registration
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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)

While Unlimited Liability Entities such as partnership 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 organisations.

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.

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.

Eligibility For LLP Registration

 
 

Advantages of LLP Registration

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 belowas to why you should go for 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 a 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

Partner who is going to be registered as the designated partner need 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

Free name search facility is available on 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 name of the proposed. State the significance of the key word brief.

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 fill the application. Pay the prescribed fees. On submission of complete application, you will get the certificate of incorporation.

Step 5: Drafting LLP Agreement

It is not mandatory to file 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 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 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. You can outsource us all and focus on your core business operations.


Frequently Asked Questions

 
What is LLP?
How to get the LLP company registered?
What is the cost involve in LLP Registration?
What is the process for getting LLP Registration?
What are the documents required to get LLP Registration?
How many partners are required to start an LLP?
Who are all eligible to become a partner of an LLP?
Is it necessary to be physically present for the registration process?
Do I need to pay any hidden or extra charges except the fees paid at the time of registration?
What is the minimum investment required to start the business?
Can an NRI/Foreign national become the partner of LLP?
Is it good to register the LLP at my resident address?
Can a salaried person also become a partner of an LLP?
Can I convert my LLP into a private limited company?
Company Registration serves in which cities?