LLP Registration
Get your Limited Liability Partnership registered to partake in the twofold advantages of an association firm and a restricted risk organization, at just ₹1999/-*.
Appreciate bother free preparing, ideal updates and, likewise, pay just ₹499/ – presently to begin and pay the rest helpfully after the cycle starts.
*Govt.fees and taxes may change from one state to another and are subsequently excluded from the evaluating.
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 the Limited Liability Partnership 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, Truvisory is one of the most affordable and steadfast service providers.
Why Choose Company Registration in India?
In the wake of settling on your plan of action, pick between the Private limited company registration and LLP, by understanding their disparities and benefits they give, in order to pick what’s best for your plan of action.
The most fundamental justification registering as LLP is the limited liability. The individuals from the firm are just responsible for a modest quantity of obligation brought about by it. This is altogether not the same as proprietorship and partnership where the individual resources of chiefs and accomplices are not ensured if the business becomes bankrupt.
- They are separate legal entities from their Members.
- They have the benefit of limited liability for their Members.
- They are taxed as a partnership.
- They have the organizational flexibility of a partnership.
- Any agreement (“LLP Agreement”) between the Members governing the operation of the LLP is a private document that is confidential to the Members.
- They must have at least two “designated” Members.
- Their “trading disclosure” requirements are similar to those of a company.
- They must be registered at Companies House.
Quick and easy steps to register LLP in India - A detailed process
At Truviosry, we make the process of LLP registration 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 the respective Government dept and authorities
- 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.
The approval of the name will be made by the Registrar only if the Central Government does not deem it undesirable. The name should also not hold any resemblance to any of the existing partnership firms, LLPs, trademarks, or body corporates.
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.
Documents required for LLP Registration
For LLP Details:
- Name of LLP
- Business details
- LLP agreement on stamp paper of the requisite value with initial
- Capital Contribution by partners and Profit sharing ratio
For Designated Partner
- The copy of pan card
- Self –Attested copy of identity proof (voter card, passport, driving license)
- Self-Attested copy of address proof (bank statement, mobile bill, telephone bill, electricity bill not older than 2 months)
- Photograph of all designated partner and partner
- Email & mobile number
For Address Proof
- Utility bill for registered office address of the LLP, such as electricity bill/property tax bill/ telephone bill/mobile bill/gas bill, etc.
- For rented property (rent agreement)