Get your LLP Registration within 15 Days of complete documentation. The package of Rs. 7,999/- Includes LLP registration with 2 DSC, 2 DIN, 1 RUN name approval, LLP deed drafting, PAN, TAN, Bank Account Opening Support.
A Limited Liability Partnership (LLP) consist of two or more partners forming a special partnership and have limited liabilities. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA). It is one of the easiest types of business incorporation and also easy to manage in India. Because of simple incorporation and formalities, LLPs are very much preferred by Professiona, Small and Micro, family-owned or closely held businesses.Since its introduction in 2010, its has received high recogination with more than one lakhs registrations. It is govern by Limited Liability Partnership Act, 2008.
As LLP have no equity share ratios, It should NOT be considered if there are plans for raising funds by equity from Angel Investors, Private Equity Funds and Ventire Capitalist.
The normal partnership structure and LLP share the same attributes when it comes to internal management, profit distribution and tax liabilities. But, it offers the partners less financial liability (limited liability). Following are a certain specific conditions that must be fulfilled to be available for registering as an LLP: Check the detailed documents list here
As per the Registrar of Companies (RoC) issued naming guidelines for LLPs; you must follow the rules closely or your application may end up getting rejected.
Meaningful Name: The name of the LLP should be linked to the business. It must suit the company’s branding.
Short & Simple Name: The name of LLP must be short and not be too long for people to remember the company name easily.
Suffix: The name of LLP company must finish with the suffix “LLP”.
Unique Name Component: The name of LLP should not be identical or alike to an existing company, business or trademark.
Blacklist: Abbreviations,abstracts, generic words and adjectives are rejected. For example ABC would be rejected or Good Quality Snacks. The words bank, exchange and stock exchange, unless approved by RBI or SEBI, would also be rejected.
No Common Trademark: There should not be a registered/certified trademark by the same/identical name on the IP India website. If there is any, the name can only be approved after obtaining a No-Objection Certificate from its owner authorising you to use it.
Descriptive Name: Descriptive means the word for example like "Research" can be used by company involved in scitenfic/research/technical or any relevant business. It cannot be used for company involoved in Food business or any other non relevant line of business.
Should not be illegal or offensive: LLP name should not be abusive or against the customs and beliefs of any religion and doesn’t harm anyone respect and accordance with the law.
LLP is a separate legal entity from the partners and dissolution has to be mutually agreed.
A LLP have perpetual succession i.e., the partners might leave, but the business remains.
The liability & responsibility of every partner are limited to the contribution made by the partner.
A person can start an LLP firm with just two partners and no specific capital requirement to incorporate LLP.
LLP have less comliances compared to private limited company.
LLps can be eaily converted to other business entity like opc, pvt. ltd.
Audit is not required as LLPs are medium and small businesses.
The ownership of an LLP can be easily shifted to another person as Designated Partner of the LLP.
For LLP registration you need to collect all the given below documents:
|Individual Documents||Business Documents|
|Address Proof-Aadhaar card/Voter id/Passport of all the partner||Electricity/ Water bill (Business Place)|
|Identity Proof-PAN card of all the partner||Telephone bill (Business Place)|
|Passport size photos of all the partners||Copy of Sale Deed/Property Deed (If owned property)|
|Passport for for the NRIs and foreign nationals notarized by the relevant authorities||Copy of Notarised Rental Agreement(If rented property)|
|Digital Signature Certificate of all partners||Owner NOC (If owned property) or Landlord NOC (If rented property)|
|Copy of Rent agreement (If rented property)||INC9 & DIR2 Declaration of Promoter/ Director|
|NO Objection of owner or Landlord NOC||Primary Phone Number and Email ID|
For further queries kindly refer our FAQ section
|RUN-LLP||A form for reserving a name for the LLP|
|FiLLiP||A Form for incorporation of LLP|
|Form 5||Notice for change of name|
|Form 17||Application and statement for the conversion of a firm into LLP|
|Form 18||Application and statement for the conversion of a firm into LLP|
For further queries kindly refer our FAQ section
Arrange for one of each ID and address proof of each Partners. Check the document checklist here
Arrange for place of business proof along with primary email and phone number for communication purposes. Check the document checklist here
Based on the documents shared our expert will file an application for DIN & Digital Signature Certificate(DSC).
Select the name of your LLP firm. Kindly keep in mind it should be unique. Check the LLP naming standards here. After seecting the next is reserving the name of the LLP.
Once the name is approved from MCA, you need to make MOA Memorandum of Association and Articles of Associate AOA.Our expert will file both MOA and AOA with MCA.
Once we receive the signed copy of MOA and AOA along with all the required documents,we verify and submit it to the respective authorities for issuance of Incorporation certificate. Once the registration is done we will inform you and provide the necessary documents.
You have to provide the details in the form.
Once you have provided the details, our expert will guide you with the all the documents required for LLP registration.
After submission and upon successful verification of all the required documents, one of our experts will do the LLP registration.
Once the filing is done we will inform you and provide the necessary documents.
Following are the mandatory compliances for Limited Liability Partnership(LLP).
Legal Munshi offers various packages to file your LLP annual compliances. Know more here
In addition to LLP registration, LegalMunshi also offers a other business registration services like NBFC registration, private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary registration.
According to the Limited liability Partnership Act 2008, it is compulsory to register all the prescribed compliance yearly. There is a provision for a penalty in case of any failure in registering Form 8 and Form 11 for reporting LLP’s financial statements and annual return. A fixed amount of Rs. 100 per day for each agreement that is not registered. No maximum limit is specified.
Every registered LLP is expected to do Income tax return filing with Annual filing. This filing should be done by 30th September all year. After LLP registration, any LLP fails to reach this deadline then a penalty of Rs. 5,000 is forced on it and filing is to be made by 31st December of that year. If the LLP fails to reach this deadline, then the penalty amount will is double i.e Rs. 10,000.
Who can start a LLP Firm?
How many people are required to start a LLP ?
How long does it take to start a LLP Registration?
Aside from a current account, what other registration required?
How long does it take to start a LLP ?
Will I be able to convert LLP to Private Limited or OPC?