Online Process, Documents Needed and Fees.
The Limited Liability Partnership, or “LLP,” is a relatively new business structure in India that combines the flexibility of a partnership firm with the limited liability advantages of a private limited company. The Limited Liability Partnership Act, of 2008, which governs the notion of limited liability partnerships, was adopted in India in 2008.
Due to its lower maintenance costs and compliance requirements, limited liability companies (LLPs) are now the preferred company organization structure for entrepreneurs. Small and medium-sized firms are best suited for this type of business structure.
In India, forming and operating a Limited Liability Partnership is simple. An LLP must be registered with a minimum of two partners; there is no maximum. The designated partners’ obligations and rights are governed by the LLP Agreement. They have direct responsibility for adhering to all the terms and conditions outlined in the LLP agreement.
LLP Registration Certificate [Sample]
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- Advantages of LLP enrollment.
- The LLP registration checklist.
- The LLP registration procedure.
- How much does LLP registration cost?
- Documents needed to register an LLP.
- How do I register with Taxcult as an LLP?
- How long does it take to register an LLP?
- Documentation that follows LLP incorporation.
Advantages of LLP registration.
The benefits of forming an LLP in India are as follows:
1. Distinct legal entity
An LLP and its partners are two different legal entities. It is a significant advantage that partnership firms are not entitled to.
2. Restricted responsibility
With limited liability protection, it aids in safeguarding the owners’ private assets.
3. Reduced expense.
An LLP can be registered for a lot less money than a private limited company.
4. No minimum amount of capital needed.
Since there is no minimum capital requirement to form an LLP, it is possible to form an LLP with the least amount of capital.
5. Low levels of compliance.
A primary advantage of LLP registration is the reduction of compliance obligations. The requirements for an LLP’s annual compliance are quite modest since an LLP audit is not required if the turnover is less than 40 lakhs.
List of requirements for LLP registration.
The conditions required for setting up an LLP in India are as follows:
- Two partners at least.
- At least one partner needs to be an Indian citizen.
- DSC for every companion assigned.
- DPIN for every partner that has been assigned a designation.
- A distinctive name for the LLP that isn’t connected to any other LLP, business, or trademark.
- The LLP partners’ input of capital.
- The partners’ LLP agreement.
- Provide address proof to the LLP office.
Procedure for LLP Registration.
The following is the detailed process for registering an LLP in India:
Step1:- Acquire a Certificate of Digital Signature
Applying for each authorized partner’s digital signature is the initial step towards registering an LLP in India. All of the paperwork for LLP establishment is submitted online and requires digital signatures. The process is fully digital.
Government-recognized certification agencies must issue Class-3 Digital Signature Certificates to designated partners whose signatures are to be placed on the e-forms.
Step2:- Request for DPIN
All designated partners or those planning to become designated partners of the prospective LLP must apply for a “Designated Partner Identification Number (DPIN).”
Step3:- LLP name authorization.
To reserve the name of the prospective limited liability partnership, the LLP-RUN (Limited Liability Partnership-Reserve Unique Name) form is submitted. It is advised against submitting a name application that is phonetically, visually, or similarly similar to any already-existing trademarks, businesses, or limited liability partnerships.
Our free LLP name search tool and business name search tool make it simple to verify whether a name is available. Based on the search parameters, the system will show a list of names of corporations or limited liability partnerships that are comparable to or closely resemble those names.
The Central Registration Center of the Ministry of Corporate Affairs approves the proposed name of an LLP if it satisfies all requirements and is listed in the ordinance.
Step4:- LLP incorporation.
To incorporate a Limited Liability Partnership, the FiLLip form must be submitted to the Registrar with jurisdiction over the state where the LLP’s registered office is situated. The following information must be entered into the FiLLip form:
- The registered office address.
- ROC
- Code for business activities.
- The total number of partners and designated partners.
- Individual information about partners and designated partners.
- Participation of partners and designated partners.
- Professional certification from a practicing entity (CA, CS, CMA).
If the documents meet with the applicable provisions of the LLP Act, the Registrar will register the LLP. Following the FiLLip form’s acceptance, the Central Registration Center of MCA issues a Certificate of Incorporation in Form-16 on government of India letterhead within 14 days.
What is the price of LLP registration?
Government and professional expenses included, the incorporation cost of creating an LLP in India is ₹7,499 only with taxcult.
| Steps | Cost(Rs.) |
|---|---|
| Certificate of Digital Signature | ₹2,000 |
| Government Charge | ₹1,500 |
| Expert Charge | ₹3,999 |
| Total Charge | ₹7,499 |
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Examine Our Packages for Company Incorporation.
Documents needed to register an LLP.
The following documents must be filed to incorporate a Limited Liability Partnership:
1. Partner documents
- Verification of partners’ identities.
- Discuss partner proof.
- Proof of partners’ residence.
- A passport-sized photo.
- Passport (if an NRI or foreign national is involved).
2. LLP Documents.
- Evidence of the registered office location.
- Certificate of Digital Signature.
How do I register with Taxcult as an LLP?
Your Limited Liability Partnership incorporation in India can be assisted by knowledgeable staff at Taxcult. Online LLP registration is quick and inexpensive, and just takes three simple steps:
Reach out via phone or using the contact form.
Give the required paperwork.
Register your LLP in 7–14 days.
How long does it take to register an LLP?
Depending on the Ministry of Corporate Affairs (MCA) document verification, the LLP creation process takes about 10 working days.
Following company incorporation, you should obtain registration.
GST Registration
Shop & Establishment License
Trademark Registration
Registration for start-up in India
Documents you’ll get after LLP incorporation
The documentation you would receive after registering an LLP in India is as follows:
- The Incorporation Certificate.
- The LLP Contract.
- The Fillip Form.
- Form 3.
- LLP Panel.
- LLP Tan.
- Challan for Payment.
- Company Master Information.
- For designated partners, DSC and DPIN.
Customer endorsements for LLP Registration
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of
Jackson
Manager
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of
John David
CEO
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of
Liyanisha
Finance Manager
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of
Kane Williamson
ManagerOther States for LLP Registration.
| Assam | Bihar | Goa | Gujarat |
| Tripura | Mizoram | Haryana | Chhattisgarh |
| Kerala | Ladakh | Maharashtra | Meghalaya |
| Daman Diu | Delhi | Jharkhand | Karnataka |
| Nagaland | Odisha | Puducherry | Punjab |
| Rajasthan | Sikkim | Tamil Nadu | Telangana |
| Jammu Kashmir | Himachal Pradesh | Andhra Pradesh | Arunachal Pradesh |
| Manipur | Uttarakhand | Uttar Pradesh | West Bengal |
| Madhya Pradesh | Dadra Nagar Haveli | ||
Additional Services for Business Registration.
| Registration of a Private Limited Company | Individual Company Enrollment | Registration of NGO's |
| Registration for Sole Proprietorships | Registration of Partnership Firms | Section 8 Registration of Companies |
| Registration of Nidhi Company | Registration of Public Limited Companies | Registration of Producer Companies |
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Frequently Asked Questions (FAQs)
The DSC for a minimum of 2 members, 1 lakh authorized capital, government stamp duty, and professional fees for Taxcult are all included in the 7,499 registration charge for LLP firms in Delhi.
In order to register an LLP company in Delhi, you must provide all required paperwork, pay government and professional costs.
Aadhar cards, PAN cards, registered office addresses, DPINs, DSCs, and other essential documentation are required for the registration of an LLP company in Delhi.
Generally, it takes 7 to 10 working days to register an LLP in Delhi, depending on when the relevant ministry validates the paperwork.
