LLP Registration

Limited Liability Partnership Registration in India

LLP Registration in India. LLP is one of the most easiest form of business to register & manage. LLP is highly recommended and ideal for small businesses.BIZINDIGO offers hassle-free online process for Limited Liability Partnership Registration. Easily register your LLP through BIZINDIGO.

Register Your LLP Online at Rs. 6999/- Inclusive of all taxes and govt. fees

 

  • TWO DIN
  • TWO DSC
  • LLP Name Approval
  • Partnership Deep Preparation
  • PAN, TAN Registration
  • Post Registration Support

WHAT IS LLP ?

Limited Liability Partnership Registration

Full form of LLP is Limited liability partnership. Thus, Limited Liability Partnership is commonly known as LLP. It combines the features of both the Company as well as Partnership into a single form of organization.

LLP is different from limited partnership. It operates like a limited partnership, but in a LLP each member is protected from personal liability, except to the extent of their capital contribution in the LLP. Thus, LLP is a legal entity separate from that of its partners.

LLP is a Body Corporate formed and registered under Limited Liability Partnership Act, 2008

LLP is a legal entity separate from that of its partners.

HOW TO REGISTER A LLP IN INDIA?

LLP Registration Procedure & Steps to Register a LLP in India

DSC + DIN

Application for Partners DSC & DIN

Name Approval

Application for Name Availability of the proposed LLP

Application Processing

Verification of Documents and Forms by ROC

Incorporation Forms Filing

Filing of Incorporation Documents and Forms

Incorporation

Certificate of Incorporation (COI)

LLP Agreement Filing

Drafting & Filing of LLP Agreement

ADVANTAGES OF LLP

Benefits of Registering a LLP in India

Separate Legal Entity

Like a company, LLP also has a separate legal entity. So the LLP and partners in LLP are distinct from each other. This is like a company where members are different from the company.

No Minimum Capital requirement

As against a private limited company there is no minimum capital requirement in LLP. LLP can be formed with least capital contribution.

Dividend Distribution Tax (DDT) Not Applicable

As against the company, LLP is exempt from Dividend Distribution Tax (DDT). Company has to pay DDT on dividend distribution@ 15% plus surcharge and cess.

Minimum number of members

To start a LLP (Limited liability partnership) at least two members are required initially. However, there is no limit on the maximum number of partners.

No requirement of Compulsory Audit

All the companies (private or public) irrespective of their share capital, are required to get their accounts audited. But in case of LLP, there is no such mandatory requirement. A LLP is required to get the audit done only if, the capital contributions of the LLP exceeds Rs. 25 lakhs, or annual turnover of the LLP exceeds Rs. 40 lakhs (as the case may be).

Lower Registration Cost

Cost of registering a LLP in India is low as compared to cost of incorporation of a private limited company or public company.

FAQ - ON LLP REGISTRATION / LLP AGREEMENT

1. How long does it take to register a LLP?

Normally it takes 8-15 Days in registration of a LLP, however it is a legal process and committing a fixed time line is not practical, Startups are advised to plan in advance before the launch date of their startup.

2. Can we register our LLP at our Home Address?

Yes, you can register your LLP at your residential address.

3. I am residing at a place where you don’t have an office, what to do?

Company incorporation process is online. In case we don’t have a physical office in your city, you can email / upload us the required documents or send us through courier.

4. Can an LLP converted into Private Limited Company or a Public Limited Company?

No, right now act does not permit this conversion. An LLP can't be converted into Private or Public limited but a Private or Public Limited Company can be converted into LLP.

5. Can an NRI / Foreign National be a Partner in an LLP?

Yes, an NRI or Foreign National can be a Partner after obtaining a DPIN. But at least, one of the partners in the LLP must be a Resident India.

6. Can a salaried person become Partner of LLP?

Yes, there is no legal hurdle, however employment agreement may have some restriction, you are advised to refer to the same or speak to us for more clarity.

DOCUMENTS REQUIRED FOR LLP REGISTRATION

Below are the ist of documents required for LLP Incorporation

Documents to be submitted by Partners

  • PAN Card (Scanned copy)
  • Voter's ID/Passport/Driver's License (Scanned copy)
  • Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill (Scanned copy)
  • Scanned passport-sized photograph
  • Specimen signature (blank document with signature [partners only])

Documents required for Registered Office Address

  • Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill (Scanned copy)
  • Notarized Rental Agreement in English (Scanned copy)
  • No-objection Certificate from property owner (Scanned copy)
  • Sale Deed/Property Deed in English (in case of owned property) (Scanned copy)

Note: Your registered office need not be a commercial space; it can be your residence, too.

WHY BIZINDIGO?

Advantages for Choosing us for LLP Registration in India

Fast & Reliable Services

100% online, hassle-free process

Transparent Professional Fees

No Hidden charges. All inclusive fees.

Expert & Qualified Team

Qualified CA. CS, Lawyers team members

One Stop Junction

All legal, professional services under one roof

24/7 Support Services

247 Call, Email, Chat, Whatsapp support

PAN India Services

20+ Cities presence across india