LLP Registration

8899/-

Select Plan

Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners

Contact Us

How To Register Limited Liability Partnership

You can operate your business under a Limited Liability Partnership in India online. We hold immense knowledge and expertise in LLP registration and help you in the following ways.

Purchase Of Plan

We guide you selecting you the appropriate Plan

Step 1

Expert Assigned

A qualified Chartered Accountant is assigned to you.

Step 2

GST Return Filing

Finally, CA will start your Registration Process after recieving the basic documents and keep you updated.

Step 3

Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (‘LLP’) combines the benefits of a partnership with that of a limited liability company. LLP was introduced to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.

LLP is easy to incorporate and manage and therefore preferred by professionals, micro and small sized business. The concept of LLP was adopted in India after January 2009.

Benefits

Based on your business model, it is important to choose between the Private limited company registration and LLP. The same can be done once we understand their pros and cons.

  1. The most vital reason for registering as LLP is the limited liability i.e.the members/partners of the firm are only liable for a small amount of debt incurred by it. This makes LLP different from proprietorship and partnership where the personal assets of directors and partners are not protected if the business becomes insolvent.
  2. Separate Legal Entity:
    LLP is a separate legal entity from the partners just like in case of company It has an uninterrupted existence that follows perpetual succession, i.e., the partners might leave, but the business remains. A term of dissolution has to be mutually agreed on for the firm to dissolve.
  3. Flexible Agreement:
    Transferring the ownership of LLP is also simple. A person can quickly be introduced as a designated partner and the ownership switches to them.
  4. Suitable for Small Business:
    LLPs having a capital amount less than 25 lakhs and turnover below 40 lakhs per year do not require any formal audits and thus making LLP preferable option for small businesses and startups.
    An LLP can own or acquire property because it is recognized as a legal person different from its partners.
  5. No Owner /manager Distinction
    An LLP has partners, who own and manage the business. This is different from a private limited company, whose directors may be different from shareholders.

Therefore, to sum up, registering business as LLP provides following advantages:

Quick and easy steps to register LLP in India - A detailed process

Documents Required for LLP Incorporation

The following are the documents required for registration of LLP in India:

For the Partners

  1. PAN Card or Passport for Foreigners.
  2. Drivers license or Aadhar card, residence card or election identity card or any other identity proof issued by the Government.
  3. Less than 3 months old bank statement or telephone bill.

Registered Office Proof

  1. The authorization from the Landlord (Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to use the premises by the company as its registered office. This is usually referred to as NOC from Landlord; AND
  2. Proof of evidence of any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which is not older than two months.

Check if your firm qualifies for LLP in India

Starting a business requires certain specific requirements to be fulfilled to be eligible for registering as an LLP.

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).

Any business who has:

Factors to consider while selecting a name for your LLP in India

The Registrar of Companies (RoC) has issued naming guidelines for LLPs. It is essential that you follow the rules closely or your application may end up getting rejected, leading to a much longer process.

Unique Component:
In AlphaBeta Internet Private Limited, AlphaBeta is the unique component. Now, once taken, the name will not be given to any other business in categories related to the Internet.

Blacklist:
Abbreviations, adjectives and generic words are rejected. So XYZ would be rejected, as would Good Quality Biscuits. 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 trademark by the same name on the IP India website. If there is one, the name can only be approved if you are able to get a No-Objection Certificate from its owner authorising you to use it.

Descriptive Component:
In Biocon Research Private Limited, the word 'Research' describes the business the company is into. You cannot have 'Research' in your name if you're, say, in the logistics or restaurant business.

Check LLP Name Availability

Naming an LLP is often a time-consuming process as the government has put together a complicated procedure with several rules. Furthermore, there are acceptable names for an India LLP, as per the Companies Act, 2013 and LLP Act, 2008