Limited Liability Partnership (LLP) Registration

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

Starting At Rs. 6,999 Onwards

(Takes 15-30 days)

LLP Registration Online

  • This field is for validation purposes and should be left unchanged.

How To Register An LLP Company Online

You can operate your business under a Limited Liability Partnership in India online. We hold immense knowledge and expertise in LLP registration and help you in the following ways.

Complete our LLP Form

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

 

Obtain DSC and DPIN for LLP

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

 

LLP Verification & Name Approval

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

2 Working Days >

LLP Document Submission

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

3 Working Days >

Your work is completed

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

Congratulations >

Limited Liability Partnership (LLP)

 

LLP was started in India by method of the Limited Liability Partnership Act, 2008. The main edge of a Limited Liability Partnership is one partner is not responsible for another partner’s misconduct or disregard. LLP is preferred by experts, Micro and Small businesses that are family-owned or closely-held.

Limited Liability partnership provides the advantage of limited liability to its proprietors and at the same time needs essential care. The proprietors of a private limited company have limited responsibility to creditors. In case of failure, banks/creditors can just sell the organization’s assets and not the individual assets of directors

An LLP also offers limited liability care for the proprietors from the debts of the LLP. Accordingly, all partners in an LLP enjoy a type of limited liability safety for every individual’s protection within the partnership, regards to that of the investors of a private limited company.

LLP Registration can be done by LegalRaahi in Delhi NCR, Bengaluru, Mumbai, Chennai and all other Indian cities.

Choose LLP because

  • Double benefits- Company and a Partnership
  • Limits the liabilities of its partners
  • No partner will be liable for other partner’s misbehave
  • Cheaper to incorporate than a private limited company

Documents Required For Company Registration

  • Copy of PAN Card of partners
  • Passport size photograph of partners
  • Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
  • Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
  • Copy of Sale Deed/Property Deed (If owned property)
  • Landlord NOC (Format will be provided)
  • Passport (in case of Foreign Nationals/ NRIs)
  • Digital Signature Certificate
  • Copy of Notarised Rental Agreement
  • Copy of NOC from the property owner

Factors to Consider While Selecting an LLP Name

The Registrar of Companies (RoC) has issued naming rules for LLPs. You should keep the standards intently or your application may wind up getting dismissed, prompting a much longer procedure.

Meaningful

The name of your LLP Company should be connected to your business. It must suit the organization’s marking. For instance, Lilliput implies small the Lilliput is kid clothing brand.

Short & Simple

The name of LLP must be short and not be excessively long. Simple elocution for individuals and they can remember the company name from the start go.

Unique Component

Name of your company should not be indistinguishable or same to a current company, business or trademark. You can go to search.legalraahi.com to confirm if your company name is the equivalent to others. You should stay away from plural variant e.g., “Amazon’s” or changing simply letter Case, spacing or punctuation marks checks in a current company name.

Blacklist

Abstracts, adjectives and generic words are denied. As it would have Good Quality Biscuits, So XYZ would be denied. The words bank, trade and stock exchange would likewise be denied.

No same Trademarks

There should not be a affirmed Trademark by the indistinguishable name on the IP India website. In the case, if there is 1, the name can simply be affirmed if you can get a NOC from its proprietor approving, you to utilize it then as it were.

Suffix

The name of your LLP Company must finish with the suffix “LLP” is an instance of a limited liability partnership

Descriptive Name

This implies the word like” research” is a logical word utilized in a company name of research it very well may be utilized in specialized business, company’s name. You can’t utilize them in the name of the food chain as it is doesn’t identify with it.

Should not be illegal or offensive

While getting a LLP name make ensure you don’t conflict against the law. It should not be abusive or against the traditions and convictions of any religion and doesn’t harm anyone respect.

Steps to form an LLP

Step 1: Digital Signature Certificate (DSC)

Prior to beginning the procedure of enlistment, you should Register for the DSC of the assigned partners of the proposed LLP. Applying for DSC is necessary due to the fact that the registration procedure of LLP is done online and requires to be digitally signed.

In this way, the LLP accomplices must get the DSC from government-affirmed confirming offices

Step 2: Application of DIN (Director Identification Number) and DPIN ( Designated Partner Identification Number)

Subsequent to applying for DSC the next stage is to enlist for DPIN and DIN application for the proposed Partners of the LLP. Inside a time period of 5 to 7 working days, DPIN and DIN. The application for allocation of DIN must be made in Form DIR-3. You need to include the scanned copy of Aadhaar and PAN to the form. The form should be marked by a Company Secretary in all day work of the company or by the Managing Director, Director or CEO of the current organization in which the candidate will be assigned as a director

Step 3: Name Approval and Reservation with ROC

LLP-RUN for example Constrained Liability Partnership-Reserve Unique Name needs to enrolled for the booking of name of proposed LLP. This is additionally treated by the Central Registration Center under Non-STP. In any case, before circulating the name in the form, it is suggested that you utilize the free name search facility on LegalRaahi entrance. 1-6 is the limit proposed names are relied upon to be given to the MCA. The registrar will affirm the name only if the name can’t in the assessment of the Central Government and doesn’t coordinate any current partnership firm or a LLP.

The Name approval procedure will take 5 to 7 working days. A re-submission of the form is made15 days days if there should be an occurrence of dismissal

Step 4: MOA & AOA submission

When the name is approved, one requires drafting Memorandum of affiliation and Articles of Associate. Both MOA and AOA are enrolled with the MCA with the understanding proclamation.

Step 5: Get Incorporation Certificate of LLP

The form utilized for joining is FILLIP (Form for consolidation of Limited Liability Partnership) which must be enrolled with the Registrar who has jurisdiction over the state in which the enrolled office of the LLP is located. The form will be an incorporated structure. Joining records can be introduced to the MCA alongside an application for Incorporation. MCA will endorse the application for consolidation inside 5 to 7 days. Incorporation certification is confirmation that the organization has been framed. It likewise includes your CIN number.

Step 6: Appeal for PAN, TAN and Bank account

At that point you require applying for PAN and TAN. PAN and TAN and get in 7 working days. You can submit the Incorporation endorsement, MOA, AOA and PAN with the bank for opening your bank account.

Step 7: Register for LLP Agreement

LLP agreement oversees the common rights and obligations between the LLP and its partners. LLP agreement should be enrolled in Form 3 which has to be filled in 30 days of the date of joining.

Why choose LLP Registration?

  • It has a different legal entity, not at all like partnership firms.
  • The liability and duty of each accomplice are limited to the commitment made by the partner.
  • An LLP has ‘never-ending progression’ that is broadened endurance until it is brought into end by shared agreement between the partners.
  • The expenditure of establishing a LLP is low.
  • Audit not required as LLPs are medium and independent companies who need to have insignificant regulatory compliance connected to conventions.
  • Less agreement and guidelines in the formation of LLP.
  • No terms for least capital commitment.
  • The responsibility of an LLP can be effortlessly moved to someone else. All you require is to select them as a Designated Partner of the LLP.

The least number of partners to join a LLP is 2 and the greatest has no restriction. The force and duties of assigned accomplices are managed by the LLP agreement. They are straight responsible for the consistence of all the considerable number of arrangements of LLP Act 2008 and terms characterized in LLP agreement.

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

Important forms in LLP Registration

  • RUN – LLP Reserve Unique Name-Limited Liability Partnership- A form for reserving a name for the LLP
  • FiLLiP – A Form for incorporation of LLP
  • Form 5- Notice for change of name
  • Form 17- Application and statement for the conversion of a firm into LLP
  • Form 18- Application and Statement for conversion of a private company or unlisted public company into LLP

Checklist: If your company qualifies for LLP in India

For any type of company, certain specific conditions must be satisfied to be accessible for enlisting as an LLP

Any company who has:

    • At least 2 partners. There is no limit to the greatest number of partners\The designation of a natural person, if a body corporate is a Partner.
    • Each accomplice needs to contribute towards it, as no shared capital prerequisite, however.
    • Least capital commitment: There is no base capital interest for an LLP (or a company, for that matter). The LLP should have an endorsed capital of Rs. 1 lakh.
    • Minimum 1 Designated Partner as occupant of India.
    • DPIN for all Partners
    • DSC for all the Designated Partners
    • Address proof of the LLP enrolled office. Indeed, even a leased home can be the registered office, in so far as a NOC is gotten from the landlord.

What are the Compliance Requirements after an LLP Company Registration in India?

Post-Incorporation Compliances

When Limited Liability company enrollment is done the recently incorporated LLP is relied upon to get done with following compliances. These compliances are one time in nature and are not rehashed.

1. Partnership Agreement Filing
2. Apply for PAN & TAN
3. Open Bank Account

Annual Compliances Requirements after the LLP Registration

After the completion of the formation procedure, LLP is relied upon to comply with the yearly consistence necessities. In the event that the quantity of exchanges after the LLP enlistment is 0, at that point LLP will record NIL return.

Following returns are relied upon to be enlisted:  

1. Statement of Account & Solvency
2. LLP Annual Return
3. Income Tax Return

Concerns Related To Private Limited Company

There are essentially 2 ways to register the Micro Finance Institution (MFI). One way is to form a company and then apply to RBI for approval. The least requirements for Microfinance company is Rs.5 crore net owned fund and active profiles of promoters. The second way is to register a section 8 company.

LegalRaahi offers the second way of registration. Apply for central government licenses features of which are as follows:

  • Pvt. Ltd organization requires hardly any more ROC compliance converting into an extra expense of 5000 to 10000/annum.
  • Least capital required is Rs.100,000.
  • Private ltd. company can have a limit of 200 individuals.

Still, entrepreneurs prefer private limited for the ease in share transfer and potential for future growth.

Penalties Provisions in LLP annual compliance default

  • As per Limited liability partnership Act 2008, it is necessary to enlist the entire endorsed consistence yearly. There is an arrangement for a punishment in the event of any disappointment in enlisting Form 8 and Form 11 for revealing LLP’s fiscal reports and yearly return. A fixed measure of Rs. 100 every day for every understanding that can’t. No most extreme limit is determined.
  • Every enrolled LLP is required to do Income tax return filing with Annual filing. This filing should be done before 30th of September every year. After LLP registration, any LLP neglects to reach this deadline then a penalty of Rs. 5,000 is forced on it and filing has to be made by 31st December of that year. If the LLP fails to reach this deadline, then the penalty amount will is double that is Rs. 10,000.

It takes 15 to 30 working days (approx.) to complete the Limited Liability Partnership Registration method. The timeline may fluctuate depending upon reactions from ROC department.

Why Choose LegalRaahi

30+ Offices in India

10+ Years Experience

Economical and Fast

Money Back Guarantee

Featured In

People using our services

Frequently Asked Questions

What do you mean by Private Company Registration?
How can one get Private Company Registered?
What is the cost incurred to get a Private Company Registered?
What is the process of getting a Private Company Registered?
Which documents are required to get a Private Company Registered?
What are the primary requirements to incorporate a Private Company?
What is Company Registration Certificate?
After the company is registered, what statutory requirements need to be fulfilled?
Do I need to have a proper office address for registration of private limited companies?
What are the different types of Private Companies?
What is the minimum capital needed to form a Private Limited Company?
Can a Private Limited Company own and carry out multiple businesses?
Can anyone be a director?
How many directors are necessary for a Private Limited Company Registration?
Can a Salaried person become the director of a company?
What is meant by Limited Liability protection?
Is Pvt. Ltd. company eligible to make FDI (Foreign Direct Investment) in India?
What is Digital Signature?
Is it possible to register the company at the residential place?
What is Memorandum of Association and Articles of Association?
Are there any annual compliances to be fulfilled by a Private Company?
What are the base tax rates for a domestic company?
What is the difference between authorized share capital and preference share capital?
What are the advantages of a Private Limited Company?
Are there any hidden involved for registration?
Is physical presence required of the person/ owner for the incorporation of the company?
How much time does LegalRaahi.com take to get the Private Limited Company registered?