LLP Registration in India

Register a Limited Liability Partnership for only 5999/-* and enjoy the benefits of both a partnership firm and a limited liability company.

Documents required for Partners

  • Pan Card Copy (Mandatory)
  • ID Proof (Any one) – Driving License/ Voter ID/ Passport Copy/ Aadhaar Card
  • Address Proof – Latest Bank Statement/Latest Telephone or Mobile Bill/Latest Electricity Bill.(MUST be less than 30 days old)
  • Passport Size Photograph

Documents Required for Registered Office Address

  • NOC - Certificate of No Objection from the Property Owner (Format will be provided by us)
  • Address Verification - Current Telephone or Mobile Bill/ Gas or Electricity Bill (MUST be less than 30 days old)

How can Knap Advisory help in LLP Registration?
We offer comprehensive assistance in LLP Registration, simplifying the complex process for you. Our experienced team provides expert guidance, aids in document preparation, assists with name selection, and ensures full legal compliance. We take care of submitting your application to the relevant authorities and keep you informed with timely updates. Whether initiating a new partnership or formalizing an existing one, our services are tailored to your unique needs. We don't stop at registration; our support continues post-registration, helping you understand the ongoing responsibilities of operating a registered LLP Company.

With Knap Advisory, you can confidently navigate the registration process, knowing that your Sole LLP Company is established efficiently, allowing you to concentrate on your business's growth. Our cost-effective solutions make the entire process hassle-free and affordable. Contact us today to take the first step towards a successful LLP Company.

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LLP Registration

An overview- LLP Registration

The Limited Liability Partnership Act, 2008 governs LLPs (Limited Liability Partnerships), which were formed after January 2009. LLP registration is strongly suggested for businesses/startups seeking higher development with little compliance.

The Limited Liability Partnership Act of 2008 gives the benefits of a partnership firm as well as limited liability protection. An LLP must have at least two partners to be formed, and the maximum number of partners has no upper limit.

The LLP must have two designated partners, one of whom must be an Indian citizen. All provisions of the LLP Act of 2008, as well as those listed in the LLP agreement, are directly liable for compliance by the partners.

Startups and entrepreneurs could incorporate their businesses with an LLP registration to benefit from restricted liability and lower compliance costs. We, Knapadvisory.com, assist business owners/entrepreneurs in registering LLP online with the help of our seasoned professionals and skilled staff.

Benefits

Why to choose LLP for business in India?

Limited Liability of the Partners

Each LLP partner's responsibility is limited to his agreed contribution. Individual partners are also shielded from joint liability resulting from another partner's wrongful activities or misbehaviour, because no partner is liable for the autonomous or un-authorized actions of other partners.

Separate Legal Existence

According to the LLP Act of 2008, Limited Liability Partnership (LLP) registration provides its partners with separate legal existence. It enables LLPs to sue, lend money, and enter into contracts with other firms on their own.

Low cost compliances

Only LLPs having a turnover of more than Rs.40 lakhs or capital of more than Rs.25 lakhs must have their accounts audited by a Chartered Accountant. An LLP is significantly easier and less expensive to maintain than a private limited company.

Flexible Operation of the business

The LLP agreement describes the partners' rights and responsibilities. In an LLP, designated partners are appointed to supervise operations/day-to-day activities. It protects partners' interests in the event of a loss or illegal activity by other partners.

A Detailed Process to Register LLPs in India

Here is the detailed procedure of LLP registration online in India. Following steps are required to be followed for hassle free registration process-

  • STEP 1- Filing of Form – RUN (Reserve Unique name of LLP)
  • STEP 2- Arrange the documents of partners and fill the form with accuracy
  • STEP 3- Apply for DSC (Digital Signature Certificate) and DPIN (Designated Partner Identification Number)
  • STEP 4- Verification of documents by registrar.
  • STEP 5- Prepare an LLP agreement
  • STEP 6- Get your LLP certificate by MCA.
  • STEP 7- Apply for PAN and TAN

Checklist for LLP registration in India

A Limited Liability Partnership may be incorporated as per the checklist explained below:

  • Obtain Designated Partners Identification Number (DPIN)

All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN) / Director Identification Number (DIN)”.

  • Digital Signature Certificate

Partner/Designated partner of LLP/proposed LLP has to obtain class 2 or class 3 Digital Signature Certificate (DSC) from any authorized certifying agency.

  • Reservation of name

Free name search facility (of existing companies / LLPs) is available on MCA portal.The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up.

  • Filing of LLP agreement (Form-3) and Partners’ details (Form-4)

Form 3 and Form-4 may be filed with the prescribed fee simultaneously at the time of filing Form-2 or within 30 days of the date of incorporation or within 30 days of such subsequent changes.

Mandatory documents required to Register an LLP in India

Identity and address proofs of potential designated partners/partners are needed documents for registering an LLP in India. The documents acceptable by MCA for online LLP registration are listed below.

Identity Proof

  • Scanned copy of PAN card and Aadhaar Card
  • Scanned copy of Passport/DL/Voter ID
  • Scanned copy of Latest Bank Statement/ Telephone or Mobile Bill/ Electricity Bill/ Gas Bill
  • Passport Size Photo

Foreign nationals must have a translated and notarized copy of their passport. Residence documentation, such as utility bills and bank statements, should not be more than two months old. All of the documents listed above must be self-attested.

Registered Office Proof

For Online LLP Registration in India, the LLP must have a registered office in India, which can be either home or commercial. You must supply the following documents :-

  • Scanned copy of Telephone Bill/Water Bill/Electricity Bill
  • No Objection certificate from landlord (in case of rented premises)
  • Scanned copy of Notarized Rental Agreement (in case of rented premises)
  • Scanned copy of ownership documents

HELP & FAQs

Who are eligible to become designated partners in an LLP?

Only individuals can be named partners. Among the members of a Limited Liability Partnership, two or more partners might be designated as Designated Partners. In any LLP, at least one Designated Partner must be an Indian Resident.

What do you mean by LLP agreement?

A limited liability partnership (LLP) agreement is a contract between participants or designated partners and the LLP. It establishes the partners' liabilities, rights, and responsibilities to other partners and the LLPs. LLPs must file this agreement with MCA within 30 days of registration.

What is a DPIN?

The MCA assigns designated partners identity numbers known as DPINs (Designated Partners Identification Numbers). It is given to them in order for them to be identified among the partners.

What is the number of designated partners required for LLP registration?

It must have at least two designated partners, with no upper restriction on the number of partners. Designated partners are responsible for the operation and regulation of the LLPs.

What is a Limited Liability Partnership?

A limited liability partnership (LLP) is a partnership in which each member is exclusively responsible for their own acts. All partners are welcome to participate in management operations.

What is difference between Limited Liability Partnership and General partnership?

A general partnership is a business collaboration with multiple partners. They do share profits and obligations, but they have infinite liability.
While an LLP is a sort of partnership in which each member is entirely responsible for his or her own activities. All partners are welcome to participate in management operations.

Is FDI allowed in Limited Liability Partnerships?

FDI is permitted through the automatic route in LLPs operating in sectors or activities where 100 percent FDI is permitted through the automatic route and there are no FDI-linked performance restrictions.

What is the structure of an LLP?

Each partner in an LLP is only responsible for his agreed-upon contribution. Individual partners are also shielded from joint liability resulting from another partner's unlawful activities or misbehaviour, because no partner is held liable for the autonomous or un-authorized actions of other partners.

What are the advantages of an LLP registration?

The benefits of LLP registration are-
● Less cost of compliances
● No minimum capital required
● Registration cost is low
● No audit is required until a certain turnover limit or contribution

What is difference between designated partners and partners?

The Partner's liability is restricted entirely to the Partnership Agreement. The Designated Partners are accountable for the day-to-day operations and obligations outlined in the LLP Agreement.

What is the capital required for an LLP registration?

There is no minimum capital requirement for an LLP. An LLP can be formed for the least amount of money possible.

When does an audit is required for LLPs?

Only LLPs having a turnover of more than Rs.40 lakhs or capital of more than Rs.25 lakhs must have their accounts audited by a Chartered Accountant.

How can I reserve a name for my LLP?

To reserve a name for an LLP, you must apply for the RUN-LLP service through the MCA portal. You must come up with at least two names for it. It must be a unique name that does not conflict with the name of an existing entity.

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