Limited Liability Partnership

Filling out the form is quick and easy and will provide you with numerous benefits in the long run. By this, you will be able to get consultation from our Auditorwala CA/CS and will be able to get Guidance. So, why wait? Take the first step towards a bright future for your business and fill out the form today.

List of documents required for Limited Liability Partnership.

The partners has to provide the following documents:

PAN card or passport (foreign nationals or NRIs)

Aadhar card/ voter ID/ passport/ driving license

Latest bank statement/ telephone bill/ mobile bill/ electricity bill/ gas bill

Passport-size photograph

Blank document with specimen signature

For the registered office:

Utility bills

Notarized rental agreement in English

No-objection certificate from the property owner

Sale deed/property deed in English (in case of owned property)

Step-1:
Prior to the starting of the procedure of registration, you have to apply for the DSC or digital signature certificate of the designated partners of the LLP.

Step-2:
Application shall also be submitted for the Director Identification Number or DIN for all the designated partners or also for those partners who propose to be designated partner of the LLP.

Step-3:
LLP-RUN or LLP-Reserve Unique Name form is filed for the reservation of name for proposed LLP which will be worked by the Central Registration Centre under Non-STP. But before the name is being proposed, it is always preferred to check the availability of the name or ensuring if the suggested or proposed name is taken by any other existing company on MCA portal.

Step-4:
Here in this step Incorporation of LLP take place,

The form for incorporation of LLP incorporation shall be filed and submitted along with all needed documents to the Registrar of the state in which the registered office of the LLP is located.

LLP registration fees payment must be done as per Annexure 'A'.

In case of the person who is to be nominated as a designated partner does not have a DIN or DPIN, the entity can utilize this form also allows applying for the DPIN allotment.

The application for allotment should be made only by two individuals.

The application for the reservation may be done through FiLLiP too.

Upon receiving approval for the proposed name, the approved name can be utilized by filling as the proposed name of the LLP or limited liability partnership firm in the registration form.

Step-5:
Thus, you reach the final step and now the filing or LLP or Limited Liability Partnership Agreement is done. LLP agreement is the major base or the agreement which would aid the LLP. This is because it would govern the mutual rights and duties of the LLP and its partners as well.

Major reasons why people tend to choose LLP as their Business Model:

Limited Liability

Separate Legal Entity

Flexible Agreement

Suitable For Small Business

Here are some of the benefits of LLP:

Limited Liability

Flexibility

Taxation

Increased Credibility

Continuity of Business

The requirements for setting up an LLP in India in short include having at least two partners, a registered office address, a unique name with "Limited Liability Partnership" or "LLP", DPIN/DIN for partners, a partnership agreement, capital contribution, compliance with statutory requirements, at least two designated partners, digital signature certificates for partners, and relevant documents such as proof of address, identity and address proof of partners, and partnership agreement.

The DSC is nothing but a Digital Signature Certificate issued by certifying authorities (TCS and n-Code) using that certificate you can sign electronic documents. As all documents are need a DSC to start up a LLP in India.

Director Identification Number is a unique number issued by the Ministry of Corporate Affairs to applicants on whose name the application is produced, which permits the individual to be a Director in the Company.

The Contribution in LLP means the share of the partners in the form of money, promissory notes, tangible or intangible property, agreements, movable or immovable assets to the Company.

Generally, it takes around 10 working days for the registration process of a limited liability partnership firm in India.

As per the LLP Act, 2008, a minimum of two partners is needed to register an LLP.

Any individuals, company or foreign national can become a partner in an LLP.

The name of a Limited Liability Company should be unique and applicable to the service which your LLP is providing. The selected name must not be generic and similar to any other existing name.