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*Professional Fees. EMI Options available.

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LLP Registration in India

LLP is a form of partnership that is registered under the Limited Liability Partnership Act, 2008 where liabilities of all the partners are limited to the extent of contribution bought by them. It helps owners to limit their liabilities while enjoying the advantages of a limited company which is an edge over a traditional partnership firm.
No partner is liable on account of unauthorized actions of other partners, thus individual partners can safeguard them from joint liability arising from misconduct of other partners. LLP as an organization is mostly preferred by professionals, micro and small businesses.

Requirements to register a LLP in India

No of Partners2 individuals (Nominee if a body corporate is Partner)
DSC (Digital Signature)DSC Required for all the Designated Partners
CapitalEach partner has to contribute towards capital of LLP.
Address ProofAddress proof for the office of LLP.

Features and Advantages of Various Business Entities

FeaturesProprietorshipPartnershipLLPCompany
DefinitionUnregistered type of business entity managed by one single personA formal agreement between two or more parties to manage and operate a businessA Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company.Registered type of entity with limited liability to the owners and shareholders
Ownership
  • Sole Ownership
  • Min 2 Partners
  • Max 50 Partners
  • Designated Partners
  • Min 2 Directors
  • Min 2 Shareholders
  • Max 15 Directors
  • Max 200 Shareholders

For One Person Company

  • 1 Director
  • 1 Nominee Director
Registration Time7-9 working days
Promoter LiabilityUnlimited LiabilityLimited Liability
Documentation
  • Partnership Deed
  • LLP Deed
  • Incorporation Certificate
  • MOA
  • AOA
  • Incorporation Certificate
GovernanceUnder Partnership ActLLP Act, 2008Under Companies Act,2013
TransferabilityNon TransferableTransferable if registered under ROFTransferable
Compliance Requirements
  • Income tax filing if turnover is more than Rs.2.5 lakhs
  • ITR 5
  • Form 11
  • Form 8
  • ITR 5
  • ITR 6
  • MCA filing
  • Auditor’sappointment

Documents Required For LLP Incorporation

PAN Card

PAN is mandatory for Indian Partners.

Passport (Foreign Nationals Only)

Passport is mandatory for Foreign Partners.

Aadhaar Card

Aadhaar is mandatory for Indian Partners

Foreign Government - Address Proof

Any document issued by a Foreign Government having photo and address of the Partners

Bank Statement

Latest bank statement of the Partners

Latest Telephone Bill

Latest telephone bill for the registered office premises. Electricity bill preferred.

Latest mobile bill

Latest mobile bill for the registered office premises. Electricity bill preferred.

Board Resolution Authorising Investment

If the proposed Partners is another company or legal entity.

Investing Company Address Proof

If the proposed Partners is another company or legal entity.

Passport Size Photo

If the proposed Partners is another company or legal entity.

Recent Utility Bill

Recent Utility bill of the place of Business.

Post incorporation of LLP, you’ll receive the following documents:

  • DIN for 2 Partners
  • LLP Agreement
  • Bank A/C Opening Document
  • Support
  • Master File of all docs filed for Incorporation
  • Digital Signature for 1 Partner
  • LLP PAN Card
  • Domain + Web Hosting + 10 E-mail ids for 1 year
  • Incorporation Certificate
  • LLP TAN/TDS Number