Register a Limited Liability Partnership Online
The perfect structure for professional services firms such as financial advisories and ad agencies. Find out all about
Limited Liability Partnership Registration. Here is what our service includes:
Two DSCs & DPINs
The partners must be registered with the MCA
We will then help you pick a unique name
We will draft your company’s constitution
LLP PAN & TAN
We will send in a request to the NSDL
LLP Registration Online – An Overview
Limited Liability Partnership (LLP) in India took shape after January 2009, making it an instant success with startups and professional services. Limited Liability Partnership Registration, governed by LLP Act 2008 combines the benefits of a partnership with that of a limited liability company. LLP was introduced to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.
For a Limited Liability Partnership registration in India, Startupclues is one of the most affordable and steadfast service providers
The most vital reason for registering as LLP is the limited liability. The members of the firm are only liable for a small amount of debt incurred by it. This is entirely different from proprietorship and partnership where the personal assets of directors and partners are not protected if the business becomes bankrupt.
SEPARATE LEGAL ENTITY:
LLP is a separate legal entity from the partners. Each partner can sue the other in case a situation arises.
It has an uninterrupted existence that follows perpetual succession, i.e., the partners might leave, but the business remains. A term of dissolution has to be mutually agreed on for the firm to dissolve.
Transferring the ownership of LLP is also simple. A person can quickly be inducted in as a designated partner and the ownership switches to them.
SUITABLE FOR SMALL BUSINESS:
LLPs having a capital amount less than 25 lakhs and turnover below 40 lakhs per year do not require any formal audits. It makes registering as LLP beneficial for small businesses and startups.
An LLP can own or acquire property because it is recognized as a juristic person. Partners of LLP cannot claim the property as theirs.
NO OWNER/MANAGER DISTINCTION:
An LLP has partners, who own and manage the business. This is different from a private limited company, whose directors may be different from shareholders. For this reason, VCs do not invest in the LLP structure.
Quick and easy steps to register LLP in India – A detailed process.
At Startupclues, we make the process of registering for LLP seamless and hassle-free.
Arrange basic documents of Partners
Fill in an online form with accurate information
Apply for Digital Signature and DIN of Partners
Prepare all legal documents
Apply to name availability of the proposed LLP
Verification of all documents and forms by govt
File Incorporation Docs with ROC
Get LLP Incorporation Certificate
Drafting of LLP Agreement
Filing of LLP Agreement
STEP 1: OBTAINING DSC AND DIN
The first step is to obtain DSC of the desired partners of the Limited Liability Partnership. The reason for this is that all the forms need to be submitted online and require the directors’ digital signatures.
The law also requires that all directors file for a DIN number. The application has to be made in Form DIR- 3.
STEP 2: APPLICATION FOR NAME APPROVAL
This process involves registering the LLP. Before you do this, you would need to see if the name is already taken. You can check on the free search facility on the MCA portal. The registrar only approves LLP names that are not taken before.
STEP 3: LLP AGREEMENT
LLP agreement is very crucial in a limited liability partnership as it determines the mutual rights and duties amongst the partners, and between the LLP and the partners. The partners enter into the LLP agreement upon the LLP registration by filing form 3 online on the MCA portal. This procedure has to be done within 30 days of the date of incorporation.
STEP 4: LLP INCORPORATION CERTIFICATE
Once the registrar approves your MOA and AOA, you’re steps closer to getting your LLP registered. The next step is to get the LLP Incorporation Certificate. You can do by submitting all documents to the registrar. The time frame is between 2- 12 days. Once you get your LLP Incorporation Certificate, you’re ready to go.
STEP 5: APPLY FOR PAN & TAN & BANK ACCOUNT
As soon as you get the incorporation certificate, you need to apply for your company PAN & TAN with the NSDL. The cost for this procedure is less than Rs.200 and it takes around three weeks to get done.
The method of LLP registration in India does not require much legwork when it comes to documents
TO BE SUBMITTED BY PARTNERS
Scanned copy of PAN Card or passport (Foreign Nationals & NRIs)
Scanned copy of Adhar Card/ Voter’s ID/Passport/Driver’s License
Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
Scanned passport-sized photograph Specimen signature (blank document with signature [partners only])
Note: Any one of the partners must self-attest the first three documents. In the case of foreign nationals and NRIs, all the documents must be notarized (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).
FOR THE REGISTERED OFFICE
Scanned copy of latest bank statement/telephone or mobile bill/electricity or gas Bill
Scanned copy of Notarised Rental Agreement in English
Scanned copy of No-objection Certificate from the property owner
Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Note: Your registered office need not be a commercial space; it can be your residence, too.
For any form of business, certain specific requirements must be fulfilled to be eligible for registering as an LLP
Any business who has:
A minimum of two partners. There is no limit to the maximum number of partners
The nomination of a natural person, if a body corporate is a Partner
No shared capital requirement, though each partner has to contribute towards it.
Minimum capital contribution:
There is no minimum capital requirement for an LLP (or a company, for that matter). The LLP should have an authorized capital of at least Rs. 1 lakh.
At least one Designated Partner as an Indian resident
DPIN (Director Identification Number) for all Partners
DSC (Digital Signature Certificate) for all the Designated Partners
Address proof for the office of LLP. The registered office of an LLP does not have to be a commercial space. Even a rented home can be the registered office, so long as an NoC is obtained from the landlord.
Startupclues is cognizant of the new process. For years, we aim ro help entrepreneurs, financial advisories, ad agencies register their businesses as LLP in jammu and kashmir,India.
With startupclues, registering an LLP is one of the most easiest processes in India. We make the entire compliance procedure simple and give our best efforts to complete the process at the earliest time as possible. When you choose us to be your partner to register LLP,
you get to avail a few undeniable benefits.
DSC for one director and DIN for up to three directors
Drafting of MoA & AoA
Registration fees and stamp duty
Company Incorporation Certificate
We also provide assistance with:
A first free consultation, followed by subsequent meetings to clear every concern you may face.
Complete support on opening a Current Bank Account
Comprehensive and on-time updates on ROC compliances.
Online Accounting Software valid for one year
A Master file that contains all the documented needed to file the incorporation
A Dedicated service manager is present at all times