Limited Liability Partnership (LLP) Registration Online in India

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What is an LLP?

A Limited Liability Partnership Organization is a corporate business structure that does not burden the partners with an unlimited liability and there is no restriction on the number of partners. An LLP Company enjoys a separate legal entity in the public where it continues to exist regardless in the partners count or even if all the partners do not exist. An LLP Company can come into contracts and hold property of any type in its name. The partners are required to come into a contract with LLP to work efficiently, an agreement shield the mutual rights and regulations of both the partners as well as the LLP, but the LLP still has the power to take decisions since it is a separate entity.

How to Register an LLP Company in India?

Our Registration Process

  • Step-1
    Check Mark

    Document Verification

    Verify the necessary documents for registration

  • Step-2
    Check Mark

    DPIN for all Partners

    Obtain Partner Identification Number

  • Step-3
    Check Mark

    DSC for 2 Partners
    (Valid for 1 year)

    Obtain Digital Signature Certificate

  • Step-4
    Check Mark

    Name Search
    (4 Options allowed)

    Submit name choices for approval

  • Step-5
    Check Mark

    Name Registration

    Register the chosen company name

  • Step-6
    Check Mark

    LLP Deed Drafting & Execution

    Drafting of partnership deed & execution

  • Step-7
    Check Mark

    LLP Registration

    Complete the company registration process

  • Step-8
    Check Mark

    LLP Certificate

    Issue partnership certificates to shareholders

NOTE : Our Package include DSC for 1 Partner Only; For additional DSC the charges shall be applicable.

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Benefits of Registering an LLP Company

Brand

Separate Legal Identity of the Company

Limited Liabilities Company Registration gives separate Legal identity to the Organization

limited

Limited Liabilities on partners

Limited Liabilities on partners as personal & company assets are considered separately.

International partners

Liberty to have International Partners

LLP  gives liberty to have international partners, only partner is required to be an Indian Citizen.

money

No Minimum Capital is Required

For LLP Formation and Registeration, you don't required any minimum capital .

Detailed Comparision Between Types Of Companies in India

Aspect PVT LTD OPC LLP
Act The Company Act 2013 The Company Act 2013 The LLP Act 2008
Minimum Number of Directors/Partners At least 2 Directors Required At least 1 Directors Required Minimum 2 Partners will be required
Maximum Number of Directors/Partners Maximum 15 Directors a Company Can Have Maximum 15 Directors a Company Can Have No Limit
Maximum Members/Shareholders Maximum 200 Members/Shareholders are allowed Only One No Limit
Authorized Capital Minimum 1 Lakh Minimum 1 Lakh No Minimum Capital Required
Eligibility Criteria Any Person May Form a Private Limited Company, but any of them should be an Indian Resident A Person who is Resident of India Any two Person who is Major and at least one of them must be an Indian Resident
Put After Name Pvt Ltd OCP LLP
Liability of Shareholders/Partners Shareholder’s Liability is Limited to their Allotted Capital Liability is Limited to Member’s Capital Liability of Partners is Limited to their Agreed Contribution
Any Changes in Business Filling Form 32 with ROC Filling Form INC-4 with ROC Filling Form 3 with ROC
Existence A Private Limited Company has a Perpetual Succession since any changes will not affect its existence. A Private Limited Company has a Perpetual Succession since any changes will not affect its existence. A LLP Company has a Perpetual Succession since any changes will not affect its existence.
Transfer of Ownership Can Transfer Ownership by Transferring Share Can Transfer Ownership LLP Ownership is Wholly or Partly Transferable.
Business Conversion Can Be Converted into LLP, OPC or LTD Can be Converted into LLP or PVT LTD LLP Can be Converted into Company
Maintaining Books of Accounts Mandatory Mandatory Mandatory
Maintaining Books of Statutory Records Mandatory Mandatory Mandatory
Provision for Public Deposit Sec. 73 of The Company Act 2013 Sec. 73 of The Company Act 2013 No Provision
Provision for Loan to Directors Sec. 185 of The Company Act 2013 Sec. 185 of The Company Act 2013 No Provision
Board/Partners Meeting First Meeting should be held within 30 Days from Incorporation, After First Meeting Minimum 4 Meeting in a Calendar year Should be Hold. NA Not Required
Statutory Audit Mandatory Mandatory In Case Turnover is More than 40 Lakh or Partners Contribution Exceeds 25 Lakh.
Internal Audit Companies Having Turnover of 200 Crore are applicable for Internal Audit NA NA
Income Tax Audit Turnover above 1CR Turnover above 1CR Turnover above 1CR
Income Tax Rate 25% 25% 30%
Income Tax Return ITR-6 ITR-6 ITR-5
Detailed Comparision Between Types Of Companies in India

Frequently Asked Questions (FAQs)

In India, the Limited Liability Partnership (LLP) idea was first presented in 2008. The LLPs in India are governed by the Limited Liability Partnership Act, 2008. Incorporation of an LLP requires a minimum of two partners. However, a LLP may have an unlimited number of partners as well as the limited liabilities which are enjoyed by the shareholders. A Limited Liability Partnership has a separate corporate business entity and gives the benefit of flexibility in partnership as well.

It will generally take 5-6 working days for LLP firm registration.

The documents required for Limited Liability Partnership Registration are as follows:

  • Pan Card of the Directors
  • Passport of the Directors
  • Voter ID Card of the Directors
  • Driving License 
  • Electricity Bill
  • Telephone/mobile Bill
  • Adhaar Card of the Directors
  • Bank Statement of the Directors
  • Passport Size Photo
  • Ration Card
  • Recent Utility Bill (For business purpose)

You will get a registration certificate that will notify that your firm is successfully registered.

It is a written document which discusses all the duties and responsibilities amongst the partners and also the nature of the business.

The minimum turnover for a Limited Liability Partnership should be 25 lakh approx.

The advantages are as follows:

  • No minimum capital contribution is required.
  • Limited Liability.
  • Credibility.
  • No partners can be unlimited.
  • Perpetual Succession.
  • The employees enjoy flexibility in work.
  • Partners are not liable to pay taxes on their total Revenue.
  • Can be dissolved easily.
  • Separate legal entity.

According to Section 366 of the Companies Act, 2013 and Company (Authorized to Register) Rules, 2014 says that a Limited Liability Partnership company can be converted into a Private Limited Company. For the businessmen who convert their company from LLP to Pvt Ltd their major objective is to raise the growth of the company.

At least two shareholders are required to start a Limited Liability partnership, else there are no restrictions on the number of partners and members in it. The two people should be residents of India.
Every LLP that provides GST-exempt goods and services is required to register for GST. A GST registration can also be necessary, depending on the turnover.
Usually, one Notice by an Advocate on behalf of a client suffices. However, the client has the right to communicate personally also for settlement of the issue. And that communication serves as the part of the plaint/complaint.

Liability of a partner in LLP is very limited, in the case of bankruptcy the institution is only allowed to seize the assets which are registered by the business and no personal assets are harmed.