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LIMITED LIABILITY PARTNERSHIP (LLP) REGISTRATION

Register your new startup as Limited Liability Partnership (LLP) with ✓2 DSC & DIN ✓Name Approval ✓COI ✓Drafting of LLP Agreement,✓PAN ✓TAN & Bank A/c opening support. 100% Online Process of placing order and document submission, Call now to get started

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INTRODUCTION

  • Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business organization that is simple to maintain, while at the same time providing limited liability to the owners

  • A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization and one partner is not responsible or liable for another partner's misconduct or negligence. Therefore, all partners have a form of limited liability for each individual's protection within the partnership, similar to that of the shareholders of a corporation.

  • However, unlike corporate shareholders, the partners have the right to manage the business directly. An LLP also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the LLP's employees or other agents. LLP is one of the easiest form of business to incorporate and manage.

introduction

BENEFITS

  • Easy to Form

    It is very easy to form LLP, as the process is very simple as compared to Companies and does not involve much formality.

  • Separate Legal Entity

    An LLP is a legal entity and a juristic person established under the Act. Therefore, it has wide legal capacity and can own property and also incur debts.

  • Uninterrupted Existence

    An LLP has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved.

  • Perpetual Succession

    An incorporated LLP has perpetual succession. Without effecting any changes in partners of LLP, the LLP remains the same entity, with all rights, privileges, immunities, etc.

  • Owning Property

    An LLP can acquire, own, enjoy and alienate property in its own name, being a separate legal entity.

  • Limited Liability

    Limited Liability means the status of being legally responsible only to a limited amount for debts of an LLP. Unlike proprietorships and partnerships, in an LLP the liability of the members in respect of the LLP's debts is limited.

Partners

List Of Documents Required For Company Registration

Copy of PAN Card of Partners

Copy of ID Proof of Partners (Prefer Aadhaar Card)

Passport size photograph of all the Partners

Residential Proof of registered office (Latest Telephone or Mobile Bill/ Electricity or Gas Bill)

No Objection certificate (NOC) from Landlord

Bank statement/Utility bill of Partner

Copy of Sale Deed (if owned property)

Copy of Rent agreement (if rented property)

Our Packages for Limited Liability Partnership

BASIC

All Inclusive Fees

  • 9,999
  • Two DSC, Two DIN, Name Approval (RUN)
  • Limited Liabilities Partnership Deed
  • LLP Registration Kit (PAN, TAN, Deed)

PRO

All Inclusive Fees

  • 14,999
  • Two DSC, Two DIN, Name Approval (RUN)
  • Limited Liabilities Partnership Deed
  • LLP Registration Kit (PAN, TAN, Deed)
  • GST Registration

PREMIUM

All Inclusive Fees

  • 24,999
  • Two DSC, Two DIN, Name Approval (RUN)
  • Limited Liabilities Partnership Deed
  • LLP Registration Kit (PAN, TAN, Deed)
  • GST Registration
  • Trademark Registration

How is an LLP different from Partnership firm and Company

FAQ

Most Frequent Questions And Answers

Two partners are required to form an LLP.

Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.

Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act. Form 18 needs to be filed with the registrar along with Form 2 for such conversion.

No, only private / unlisted public company can be converted into LLP.

Yes, but only after he has been assigned with DIN/DPIN. However, at least one designated partner in LLP must be a Resident of India. In fact, the foreign director can also be a majority shareholder in the company.

No, name of the LLP shall end with either ‘Limited Liability Partnership’ or ‘LLP’. Word ‘limited’ shall be allowed in name only within ‘Limited Liability Partnership’.

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 rent agreement or electricity bill.

Every partner shall inform the LLP of any change in his name or address within a period of fifteen days of such change. The LLP, in turn, would be under obligation to file such details with the Registrar within thirty days of such change in Form 4.

No, Appointment of at least two “Designated Partners” shall be mandatory for all LLPs.Every LLP shall be required to have atleast two Designated Partners who shall be individuals and at least one of the Designated Partner shall be a resident of India. In case of a LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

Yes, it mandatory to execute and file LLP Agreement in view of Section 2(0) & (q) , 22 and 23 of the Act. As per provisions of the LLP Act, in the absence of agreement as to any matter, the mutual rights and liabilities shall be as provided for under Schedule I to the Act. Therefore, in case any LLP proposes to exclude provisions/requirements of Schedule I to the Act, it would have to enter into an LLP Agreement, specifically excluding applicability of any or all paragraphs of Schedule I

LLP is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually. The ‘Annual Return’ is required to be filed within 60 days of close of the financial year and ‘Statement of Accounts & Solvency’ shall be filed within 30 days from the end of six months of the financial year to which it relates. Every LLP has to maintain uniform financial year ending on 31st March of a year.

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