Limited Liability Partnership Registration
With Firm Registration
Register your LLP starting at Just ₹ 6,500/- only
- Ideal for small enterprises
- For like-minded partners
- Simple & Secure Online Process
- Dedicated Professional
- Get Registration in 7-10 Days
- Get Post Incorporation Assistance
Get Quote Instantly in a Minute
Introduction
The main object behind is that one partner should not be liable for the acts or negligence of other partners. It combines the features of Partnership and a Company like separate legal entity, limited liability etc. Further, it involves less legal formalities and is easy to register.
People often get confused between the selection of their entity whether to go for private limited company or for LLP. LLP is for those people who want to run safe and risk free business and do not want to raise any funding in future from the market and maintain a less compliance entity.
Firm Registration has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to LLP formation process. You may get in touch with our team on call or email info@firmregistration.in for LLP registration and LLP Compliance services.
Advantages
Firm Registration
Advantages of Limited Liability Partnership
Minimum
Firm Registration
Minimum Requirements
- Minimum two Designated Partner
- DIN of the Designated Partners
- Digital Signature Certificate of one Designated Partner
- Contribution whether tangible or intangible property or other benefits of LLP
- No Minimum Capital requirement.
- At least one Designated Partner should be Indian Resident
Documents
Firm Registration
Documents Required for Incorporation
Passport size photograph
of all the partners
PAN Card
of all partners
Proof of Identity
(Driving License/Voter ID Card/Passport) of the Partner
Proof of Address
(Utility Bill/Bank Statement/Telephone Bill which should not be later than 2 months)
Business Address Proof Owned Property
(Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Business Address Proof Rented/leased
(Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Process
Firm Registration
Process of Incorporation of Limited Liability Partnership(LLP)
1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
Step 01
2. Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
Step 02
3. Name Availability
The next step is to check the name availability. Now you need to let us know 3 names which should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
Step 03
4. E-filing for incorporation of a Company
Once the name is approved, an online application is required to be filed through E-Form Fillip along with the requisite documents as obtained with ROC. This process again takes 2-3 days.
Step 04
5. Get Certificate of Incorporation
Lastly, after the approval a Certificate of Incorporation will be provided through e-mail which signifies that the LLP has been incorporated.
Step 05
6. Filing of LLP Agreement
Within 30 days of the incorporation, LLP Agreement as drafted by our team will be shared and after approval from the partners it will be printed on the stamp paper and will be filed with the Registrar of Companies.
Step 06
More Insights
Firm Registration
More Insights on LLP Incorporation
How to Select the Name of Company
- You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of LLP.
- Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Firm Registration by clicking on the link Trademark Registration
Other Key Points
- If the proposed Designated Partner is already having the DIN then you can also check whether DIR-3 KYC is completed. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Firm Registration.
- The LLP is required to manage all the compliances after incorporation of the LLP like Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Firm Registration has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
- LLP is required to conduct audit in following cases:
Faq's
Firm Registration
FAQs on Limited Liability Partnership(LLP)
What is the minimum capital required to form a Limited Liability Partnership?
There is no minimum capital prescribed for registering LLP under LLP Act 2008.
What are the requirements to become a partner in a Limited Liability Partnership?
Yes, LLP can be converted into a company by following certain terms and conditions as specified under the companies act, 2013.
Can a Limited Liability Partnership be converted into Company?
Yes, LLP can be converted into a company by following certain terms and conditions as specified under the companies act, 2013.
How much stamp duty is levied for drafting LLP Agreement?
The stamp duty is based upon the capital and the state in which you are incorporating the LLP. The charges of stamp paper and notarization are
excluded from our fees.
Is it necessary get accounts of Limited Liability Partnership audited from an auditor?
Though it is not compulsory by the Limited Liability Partnership Act, 2008
but if the becomes mandate when:-
- When the contribution of the Limited Liability Partnership exceeds Rs.25 Lakhs;
- When the annual turnover of the Limited Liability Partnership exceeds Rs.40 Lakhs.
Can Partnership firm be converted into Limited Liability Partnership?
Yes, it can be converted in accordance with the Limited Liability Partnership Act, 2008.
Can Foreign National/NRl become designated partner in LLP?
Yes they can become designated partners subject to the condition that there must be atleast one Indian Designated Partner. There is no restriction
on capital sharing ratio.
What are the post incorporation compliances in case of LLP?
You need to open a Current Account in the name of LLP and deposit the amount of capital in the sharing ratio.