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LLP REGISTRATION

LLP Registration is new framework and easiest form of business to register and operate in India.

Few Process Steps for LLP Registration:

  • APPROVAL OF DIGITAL SIGNATURE AND DESIGNATED PARTNER IDENTIFICATION NUMBER
  • eZeefiling will gather information from you
  • RESERVATION OF UNIQUE NAME
  • eZeefiling will help you pick unique name and help to register the Name with MCA.
  • DRAFTING OF LLP DEED
  • eZeefiling will draft your LLP Agreement for LLP Registration
  • GETTING PAN AND TAN NUMBER
  • eZeefiling will help you get LLP Pan and Tan.

Done!! LLP is ready to do business.

3,999.00

Limited Liability Partnership

Limited Liability Partnership (LLP) is business form which provides benefits of limited liability and flexibility of a partnership business. It is governed and registered under the Limited Liability Partnership Act, 2008 and the rules made there under. Small and Medium Enterprises (SMEs) can function as LLP. Indeed, LLP is suitable for trading, service sector especially advisory and professional Service firms, etc.

Requirements for LLP Registration

As per the Ministry of Corporate Affairs (MCA), for LLP Registration, the below conditions have to be met.

Minimum Two People:

Two people are needed for LLP Registration. However, there is no limit on maximum partners in LLP Registration.

No Minimum Capital:

No minimum Capital is required for LLP Registration. Initially, We can register LLP with ten thousand rupees. The Stamp Duty on the deed is based on the amount of capital.

Resident Person requirement:

One Designated partner of LLP must be from India for LLP Registration.

Documents for LLP Registration

Identity Proof of Designated Partners and Partners

  • Copy of Pan Card of Designated Partners and Partners (Mandatory)
  • Passport Size of Photograph of Designated Partners and Partners
  • Identity Proof: any one of: Voter id card, Driving License, Passport

Address Proof of Designated Partners and Partners

  • Any one of: Bank Statement, Electricity Bill, Mobile Bill (not older than 2 months)

Proof of Registered office:

  • Copy of Pan Card of Partners
  • Passport Size of Photograph of Partners
  • Address Proof: any one of: Bank Statement, Electricity Bill, Mobile Bill.
  • Identity Proof: any one of: Voter id card, Driving License, Passport
  • Registered office Proof: Electricity bill with Noc from the owner. (not older than 2 months)
  • Other Documents:
  • Stamp paper for LLP Agreement of State where LLP is to be Incorporated

DOOR STEP TRUST BOX FOR YOU

  • Designated Partner Identification Number
  • Digital Signature Token
  • LLP Deed
  • LLP Incorporation Certificate
  • LLP Pan Number
  • LLP Tan Number
  • Domain and Website Development

Benefits of LLP Registration

Limited Liability:

Partners’ liability of the LLP is limited and it is limited only to their contribution by them to the LLP.

Separate Legal Entity:

LLP is a separate legal entity and a juristic person distinct from its partners and both can sue each other and be sued.

Continuity of existence of the LLP:

LLP continue to exist even after the death of the partner.

Minimal regulatory compliance:

Regulatory compliance are very less in case of LLP as compared to company form of entity.

Property Ownership:

Limited Liability Partnership enjoys the right to own, enjoy and transfer property. The rights can be exercised by the LLP in its own name.

No Audit Requirement:

There is no audit requirement up to turnover of less than 40 Lakhs and capital contribution of less than 25 Lakh.

Transferability of ownership:

The ownership of a LLP can be easily transferred to another person. However, transferee should be inducted as a Designated Partner of the LLP.

Taxation:

Both Partners & LLP can give loan to each other. There is no dividend tax in case of LLP.

COMPARE YOUR OPTIONS


Limited Liability Partnership

Partnership Firm

Private Company

Public Company

One Person Company

Recommended for

Service Providers, Professional Service Firms, Trading Business

Family Business

Growing Startups

Ideal for Medium and Large-Scale business and allows them to raise equity capital from Public.

Independent Promoters

Registration Cost

3999/-

1999/-

2999/-

7999/-

2999/-

Limited Liability Protection

Yes

No

Yes

Yes

Yes

Statutory Compliances

Low

Low

High

Very High

High

Audit Compliance

Only if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs

Subject to turnover of the firm

Compulsory

Compulsory

Compulsory

Perpetual Existence

Yes

No

Yes

Yes

Yes

Tax Advantage

Yes

Minimal

Yes

Yes

Yes

FAQ'S FORLLP REGISTRATION

LLP is new framework and easiest form of business to register and operate in India. Thus, LLP relate the advantages of both ‘Company’ and ‘Partnership’ in a single business entity. Mostly preferred structure for trading, advisory and professional services firms.

Initially, there is no minimum Capital Contribution required. Hence, It can be registered even with Rs. 1000 Capital Contribution.

Yes, an NRI or foreign National can become partner of LLP. But only after he has been assigned with DIN/DPIN. However, at least one designated partner in LLP must be a Resident in India.

eZeefiling can register LLP in 10 days. And For speedy process, kindly choose a unique name as the proposed LLP name and also keep all the required documents ready at the time of LLP Registration. Therefore, We suggest you to ready with three to four names during approval stage.

Accounts of an LLP are required to be audited when the turnover of the LLP is Rs. 40 lakhs or more or when the total capital contribution is Rs. 25 lakhs or more. Hence No need for audit of accounts if your turnover is less than 40 lakhs.

An LLP agreement is one that is made between the partners and the LLP. An LLP agreement usually consists of objectives, business details of LLP in addition to inclusion of new partners, policy making strategies, and so on.

Yes, one can register LLP at their address in India. One requires to submit the utility bill copy of the same with NOC for LLP Registration.

Often People ask, how to register LLP and how to register LLP in India. Therefore, ezeefiling offering online LLP registration in just ten days at very cheap prices that will help to solve the issue of how to register LLP and how to register LLP in India.

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