Limited Liability Partnership

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    Online LLP Registration In India

    Limited Liability Partnership could also be a separate legal entity from its partners and liability of each partner is restricted to their contribution

    Eligibility Criteria LLP Registration

    • Minimum Designated Partners-2
    • Maximum Partners-20
    • Maximum Partners- No Limit
    • Minimum Contribution/Capital-No limit
    • Citizenship- Atleast one Indian resident
    • Registered office- Home or Anywhere in India.
    • Audit requirement-No audit if turnover< 1 crore or Profit >8% of turnover during the year.

    * The Authorized Capital/Contribution is that the maximum amount of capital that a partner can brought in partnership business account.

    * Government fee has been calculated on minimum contribution of Rs.1 lakh within the refill form.
    * Stamp duty tax may vary state to state and charged accordingly

    Our Process for LLP Registration

    -1 Working Days

    Digital Signature Certificate

    DSC is an electronic online signature issued by licensed certifying authorities. All the proposed directors of the company required to obtain the digital signature (DSC) before registration which is necessary for digitally signing the electronic incorporation documents. DSC can be obtained either using supporting documents or Aadhar eKYC based authentication (supporting documents are not required in this case).

    -1 Working Days

    Director Identification Number

    DIN or DPIN, i.e. directors PIN is a unique eight-digit identification number which is a mandatory requirement for existing as well as proposed directors of the company to maintain the director's information in a database. MCA allots a DIN to every director of the company with a lifetime validity without which one cannot be a director. These documents can be obtained within 2 working days. You just need to submit a few prescribed documents with us and our attorney will fill the prescribed form and submit it on your behalf.

    -5 Working Days

    Name Approval

    After obtaining DSC and DIN, the next step is name approval. We will ask you for a few names of your choices and our representative will conduct a prior search for your name availability of your choices in order to avoid rejections. A list of minimum one or maximum two proposed names of the LLP in preferential order will be submitted to the authority via RUN for approval. Out of two names, a name is reserved by the ROC and the LLP is registered with the same name.

    -18 Working Days

    Incorporation Documents

    After taking name approval, we file FiLLip form for LLP incorporation and thereafter we draft an agreement for your partnership. Once all the documents are duly verified and approved by the government, the certificate of incorporation is emailed to your id. LLP-3 will be file after the LLP incorporation

    Documents Required for LLP Company

    ID Proof

    Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License

    Address Proof

    Latest Bank statement/ Utility bill in the name of director should not be older than two months

    Photo

    Latest passport size photograph of all the directors

    Registered Office

    (NOC), Utility bill,  Rent agreement (if rented)/ Registry Proof or House Tax Receipt (if owned)

    What will you get

    DSC

    Digital signature for two directors

    PAN

    PAN number of the company

    TAN

    TAN number of the company

    CERITIFICATE

    Certificate of incorporation

    Benefits of LLP Company

    Protection to Directors personal assets

    Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the Partners are safe.

    Better image and credibility in Market

    Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.

    No Audit Requirement & Minimal Compliances

    LLP is easy to manage and statutory audit is not required for Limited Liability Partnership. LLP is most ideal for small enterprises. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.

    Continuity of Business

    LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.