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Limited Liability Partnership Registration Packages

STANDARD

₹ 7499/- (All Inclusive)
  •  
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • LLP Incorporation Certificate
  • LLP Agreement
  • PAN
  • TAN

ENHANCED

₹ 16999/- (All Inclusive)
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Popular
  • Everything in STANDARD+
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  • Trademark ( 1 application 1 class) ( start ups, proprietorship and small business)
  • GST Registration

PREMIUM

₹ 22999/- (All Inclusive)
  •  
  • Everthing in ENHANCED +
  • LLP Form 8 (statement of account and solvency)
  • LLP Form 11 (Annual Return)
  • DIR 3 eKYC for two Designated Partners

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Limited Liability Partnership

A Limited Liability Partnership (LLP) registration is a distinctive business structure that combines the advantages of a corporation and a partnership while providing its partners with limited liability protection. In an LLP, partners are protected from personal liability for the debts and liabilities of the company, preserving their own assets. For professionals, business owners, and small companies looking for a legal framework that strikes a compromise between liability protection and operational freedom, this adaptable and contemporary method of business registration is suitable. Partners can benefit from a partnership’s flexibility in administration and tax advantages with LLP registration while also feeling secure in the knowledge that their personal assets are safeguarded.

Who can apply for Registration

Individuals

Anyone who is older than 18 years old is eligible to apply for LLP registration. They may be foreigners or residents of India

Partnerships

By submitting an application for LLP registration, existing partnerships, including general and limited partnerships, can choose to convert into LLPs.

Limited Liability Partnerships

If it's not a limited liability partnership formed in accordance with the Limited Liability Partnership Act of 2008, LLPs may also register another LLP as a partner.

Companies

Personal restricted companies and unlisted public businesses can observe for LLP registration. However, corporations registered beneath section 8 (non-income companies) of the organizations Act, 2013, are not eligible to grow to be companions in an LLP.

Foreign Entities

Foreign companies or entities that are allowed to invest or establish a presence in India can also apply for LLP registration as partners

Detailed Procedure

The detailed procedure for LLP registration in India involves the following steps:

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Obtain Digital Signature Certificates (DSC)
The designated partners of the LLP need to obtain Digital Signature Certificates (DSC) from a certifying authority. DSC is required for online filing of documents during the registration process.
Obtain Director Identification Number (DIN)
All designated partners must apply for Director Identification Number (DIN) by filing Form DIR-3 with the Ministry of Corporate Affairs (MCA). DIN is a unique identification number for directors.
Name Reservation
Choose a unique name for the LLP and file Form LLP-RUN (Reserve Unique Name) with the MCA to check the availability and reserve the proposed name
Prepare and File LLP Agreement
Prepare the LLP Agreement, which outlines the rights, duties, and obligations of the partners, and file Form LLP-3 within 30 days of incorporation. The LLP Agreement can be on stamp paper, digitally signed, and uploaded during filing.
Prepare and File Incorporation Documents
Prepare the necessary incorporation documents, including Form FiLLiP (Form for incorporation of Limited Liability Partnership) and Form LLP-1 (Incorporation Document and Subscriber's Statement). Fill in the required details, such as partner details, registered office address, capital contribution, and other relevant information.
Pay the Required Fees
Calculate the applicable fees based on the capital contribution and stamp duty requirements and make the payment online through the MCA portal.
File the Documents
Upload the duly filled and signed incorporation documents, including Form FiLLiP and Form LLP-1, along with the necessary attachments, such as the LLP Agreement, address proof, and identity proof of partners.
Obtain Certificate of Incorporation
Once the MCA processes the application and verifies the documents, they will issue a Certificate of Incorporation, which serves as proof of LLP registration. The Certificate of Incorporation contains the LLP Identification Number (LLPIN) and the date of incorporation.
Obtain PAN and TAN
After receiving the Certificate of Incorporation, apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP from the respective authorities.
LLP Compliance
After registration, comply with ongoing statutory requirements, such as filing annual returns, maintaining books of accounts, and fulfilling tax and regulatory obligations.

Documents Checklist

For Partners/Designated Partners

  • Passport-size photographs
  • Copy of PAN (Permanent Account Number) card
  • Copy of Aadhaar card or any other valid address proof (such as passport, driving license, voter ID, etc.)
  • Copy of identity proof (such as passport, driving license, voter ID, etc.)
  • Copy of residence proof (such as bank statement, electricity bill, telephone bill, etc.)

Registered Office Documents

  • Copy of electricity bill, telephone bill, or property tax receipt (not older than two months)
  • Copy of rent agreement or sale deed along with the latest rent receipt (in case of rented premises)
  • No-objection certificate (NOC) from the owner of the premises
  • Copy of PAN or electricity bill of the owner of the premises

Merits of Registering LLP

Registering for a Limited Liability Partnership (LLP) offers several merits for businesses and entrepreneurs. Here are some key advantages of choosing LLP registration:

Limited Liability Protection

One of the primary benefits of an LLP is constrained legal responsibility protection. The personal belongings of companions break away the liabilities of the LLP, offering a shield for their private wealth. Companions are not for my part accountable for the debts or movements of the LLP.

Flexible Organizational Structure

LLPs provide flexibility in phrases of the internal organization and control structure. Partners have the liberty to outline their roles, obligations, income-sharing, and decision-making tactics through the LLP settlement.

Easy Formation and Compliance

LLP registration entails tremendously simpler strategies and compliance necessities in comparison to other enterprise systems like private constrained groups. The yearly compliances and reporting obligations are much less burdensome, reducing administrative hassles.

Taxation Benefits

LLPs offer tax advantages. LLPs are taxed as a partnership, where the companions are personally responsible for paying taxes on their share of income. The LLP itself isn't subject to profits tax, decreasing the general tax liability in comparison to companies.

Separate Legal Entity

LLPs are considered separate prison entities from their companions. This separation provides the LLP with the capability to own property, input contracts, and sue or be sued in its personal name. It complements the credibility of the business and provides a based felony framework.

Audit Relief and Compliance Ease

For small businesses and startups with capital under ₹25 lakhs and annual turnover below ₹40 lakhs, registering as a Limited Liability Partnership (LLP) offers significant benefits. Notably, LLPs meeting these financial criteria are relieved from formal audit requirements, easing the compliance workload for these enterprises.

FAQ's

A Limited Liability Partnership (LLP) is a legal business structure that combines the benefits of a partnership and limited liability. It provides partners with limited personal liability protection against the debts and actions of the LLP.
An LLP must have a minimum of two partners, and there is no maximum limit on the number of partners.
No, an LLP cannot be formed with just one partner. It requires a minimum of two partners.
There is no minimum capital requirement for registering an LLP. The partners can contribute any amount as capital to the LLP as per their agreement.
Yes, an LLP can be converted into a private limited company as per the provisions of the Companies Act, subject to compliance with necessary procedures and regulations.
An existing partnership can be converted into an LLP by filing Form 17 (Application and Statement for Conversion of a Firm into LLP) along with the necessary documents and information with the Registrar of Companies (ROC).
Yes, foreign nationals and NRIs can be partners in an LLP. At least one designated partner of the LLP must be a resident of India.
The LLP registration process typically takes around 10-15 working days, depending on the timely submission of documents and approvals from the Registrar of Companies (ROC).
Yes, it is mandatory for an LLP to have a registered office address in India. It serves as the official correspondence address for the LLP.
LLPs are required to file an annual return (Form 11) and statement of accounts and solvency (Form 8) with the Registrar of Companies (ROC) every financial year. Other compliance requirements may vary based on the LLP’s specific circumstances and applicable laws.
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