LLP Requirements
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LLP Requirement
Minimum 2 Partners (18 years and above age)
No Capital Requirement
At least one Designated Partner as Indian Resident
DPIN for all Partners
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).
Clients
