LLP Registration

LLP is the one of the ideal way to start your small business association of business with limited liability providing professional services like accountants, doctors, financial advisory, legal advisory and ad agencies services.

  • Registration of Two Digital Signature Certificate ( DSCs) & Designated Partner Identification Number (DPINs)

    There is requirement of registration of Partner’s DSC and DPIN with the MCA.

  • Selection of best name for your company

    Provide you required assistance for selecting the best name for your company

  • Drafting your LLP Agreement

    Provide you assistance in drafting your company's constitution

  • Registration of LLP PAN & TAN

    After company’s incorporation, we will make application for LLP’s PAN and TAN with NSDL

After company’s incorporation, we will make application for LLP’s PAN and TAN with NSDL

What is LLP Registration?

Limited Liability Partnership (LLP) was, introduced in India by way of Limited liability Partnership Act 2008, only in 2008, has rapidly become a popular legal structure for businesses. The basic Idea behind of starting of LLP is to provide a simple form of business entity which providing limited liability of owners to their contribution in the business and partner is not responsible for another partner’s misdeeds, negligence or incompetence.   

It is very easy to form LLP as the process is very simpler and cheaper as compared to private limited company and require less regulations and formalities and can provide various tax benefits. It is easy to join and leave LLP and can be easily transferable the ownership as per the legal agreement of LLP. But for venture capital and ESOP options, one has to choose private limited company Thus it is more favorable  for professional services firms (web designers or architects, for example) that require no equity funding.

Documents Required for LLP Registration

Following documents are required to be submitted by partners in scanned form.

  • Specimen signature (blank document with signature [partners only])
  • Latest passport-sized photograph
  • Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Voter's ID/Passport/Driver's License , Aadhar card
  • PAN Card or Passport (Foreign Nationals & NRIs)

Following documents are required to be submitted for the registered office in scanned form

  • Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Notarized Rental Agreement in English
  • In case of rented property, No-objection Certificate from property owner
  • In case of owned property, Sale Deed/Property Deed in English
Note: Residence place can be used to run business; there is no requirement to have separate commercial space

Benefits of LLP Registration

  • Limited liability of partners

    In LLPs, there is limited liability of partners in respect of company’s debts. Personal assets of directors will be safe if the company goes bankrupt only the amount invested in starting the business will be lost. While In a General Partnership, partners are personally liable for all this debt. The partners would have to sell their personal possessions to do so. 

  • Reduced regulatory compliance and formalities

    There is less government intervention and require to comply less formalities and regulatory compliance as compared to Private limited company. An LLP does not require audit if it has turnover less than Rs 40 lakhs or capital contribution less than Rs 25 lakhs.

  • Tax benefits

    As compared to Private limited company there are various tax advantages. In LLP Dividend Distribution Tax and tax surcharge don't apply as well as loans to partners are also not taxable as income.

LLP Registration Process

  • 6 Working Days for registration of DSC and DPIN

    As mention above, for incorporating a LLP, it is mandatory to have partner’s Digital Signature Certificate (DSC) and Digital Partner Identification Number (DPIN). For this purpose, there is requirement to provide some scanned documents and we will ensure the forms are correctly filled.

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