Limited Liability Partnership (LLP) Registration
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One of India’s preferred forms of business among entrepreneurs is Limited Liability Partnership (LLP). LLP is an alternative corporate business form that gives the benefits of both a Company and a Partnership Firm.
The LLP is a separate legal entity and is liable to the full extent of its assets. Still, the liability of the partners is limited to their agreed contribution to the LLP, and only a minimum of two partners are required to incorporate an LLP. For Limited Liability Partnership to be a legally valid entity, it must be registered under the Limited Liability Partnership Act, 2008.
At Legal Parivar, we specialize in simplifying the LLP registration process, ensuring entrepreneurs navigate legal formalities seamlessly. Our experienced team is committed to guiding you through every step, from document preparation to filing, providing expert assistance for well-informed decisions in setting up your LLP.
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Name Approval + Incorporation
- Instant Filing
- LLP Registration
- LLP Deed Drafting
- LLP Agreement
- 2 DSC
- 2 Name Choices
Documents & Details Required For Incorporation :
- PAN Card
- Passport Required in Case of Foreign Nationals.
- Aadhaar Card
- Passport Size Photo
- Bank Statement/ Electricity Bill(Not Older than 2 Months)
- Utility Bill of Business Place (Not Older than 2 Months)
- NOC From Owner of Business Place in whose name utility bill is.
- Longitude & Latitude of Business Place
- Main Objects of Business
- Capital Contribution Bifurcation
- Educational Qualification
- Place of Birth
- Year of Stay
- Mobile No & Email Id
- 2 Digital Signatures from e-Mudhra with 2 year validity along with ePass 2003 token.
- Stamp Duty Paid on LLP Agreement is excluded from the above amount.
- Any type of Government Fees is excluded from the above amount.
- Client is liable for all the information provided during the pendency of Incorporation of LLP.
- Fees Should be paid according to conversation held between the Legal Parivar Team and Client.
STEPS INVOLVED FOR INCORPORATION OF LLP
We will Evaluate your Business requirements and identify an accurate business structure. Our skilled team knows the ins and outs of LLP registration. We'll provide you with accurate information, ensuring you grasp each step.
Our Experts will Collect the required Documents Online.
With precision and expertise, we ensure that your documents are seamlessly aligned with regulatory requirements.
All proposed partners of the LLP must obtain a Digital Signature Certificate (DSC) since all government filings require digital signatures. So Our Experts will be making DSC of the proposed partners.
*OTP's from Proposed Partners will be Required.
Before registering the LLP, it's essential to confirm name availability. Utilize the free search tool on the MCA portal to ensure the name is not already in use. Registrar approval for the LLP name is contingent on its uniqueness and acceptance by the Central Government, without any resemblance to existing partnership firms, LLPs, trademarks, or corporate entities.
Our Experts will Apply Name of LLP with your consent.
LLP Registration filing consists of preparation and filing of E-Form FiLLip with MCA with required documents. All the documents executed and attested as per documentation requirements has to be attached to the E-Form FiLLip and has to be digitally signed with the Digital Signature Certificate (DSC) of all the proposed Partners and Designated Partners.
LLP agreement is very crucial in a Limited Liability Partnership (LLP) 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.
Our Experts will draft an LLP Agreement and with your approval file it with the Registrar.
Once forms and documents are filed and verified, the Registrar of Companies (RoC) will issue the Certificate of Incorporation, officially recognizing the LLP's existence.
Beware of misleading online search results regarding government fees. Legal Parivar guarantees 100% fee transparency for LLP Registration. Obtain a real quote with Government Charges Challans Paid.
Pay with UPI or QR Code provided by our Legal Parivar Team Only.
LLP Registration FAQ's
Establishing an LLP requires the appointment of a minimum of two individuals known as Designated Partners. These individuals should be at least 18 years old and have a valid address in India. Designated Partners can be either individuals or corporate entities, including companies. Additionally, foreign nationals, foreign corporate bodies, and other limited liability partnerships are eligible for appointment as Designated Partners.
A Digital Signature Certificate (DSC) serves as a digital identification tool for authenticating the sender or signatory in electronic transactions. The Ministry of Corporate Affairs (MCA) requires designated partners to utilize DSC for certain defined procedures.
LLP is supposed to file
1. LLP Annual return in Form 11.
2. Final Statement of Account and Solvency Form 8
3. Income Tax Return.
- Limited Liability Protection to Directors personal assets.
- No Audit Requirement & Minimal Compliances.
- Continuity of Business.
- Low Registration Costs.
- Better image and credibility in Market.
- A single person cannot form LLP, a minimum of two members needed.
- Two foreigners cannot form LLP without having one Indian partner.
- Partners undertake to contribute some amount towards the LLP firm.
- Difficulty in the transfer of ownership.
- FDI in LLP is allowed only through the Government route. FDI in LLP under automatic way is not permissible.
- LLP cannot raise External Commercial Borrowing (“ECB”)