LLP Registration

Limited Liability Partnership (LLP) is ideal for small and micro businesses working as professional firms and service sector firms.

BusinessCrow offers LLP Registration from @ Rs. 4999.00

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Limited Liability Partnership [LLP] Registration

In India, LLP or [Limited Liability Partnership] was introduced under the Act of Limited Liability Partnership in 2008. The reason behind the starting of the Limited Liability Partnership [LLP] is to provide a form of business entity having less and easy compliance.

The big advantage of limited liability partnership is that the partners are not personally liable and cannot be forced to pay a business debt or liability with personal property or assets. Their personal assets would be shielded from all business liability. Therefore, all partners in an LLP enjoy a form of limited liability protection for each individual's protection within the partnership, similar to that of the shareholders of a private limited company. Moreover, LLP have the right to manage the business directly.

LLP is one of the easiest forms of business to incorporate and manage in India. Because of the easy incorporation process and simple compliance formalities, LLP is preferred by Professionals and small-scale businesses, which are family owned. Since LLPs are incapable of issuing equity shares, so they should be used for the business that has plans for raising equity funds during its lifecycle.


Reasons to Register [LLP]

1. Minimal Compliances

LLP’s with financial turnover of less than Rs. 40 lakhs and Capital Contribution is less than Rs. 25 lakhs are not required to audit. Moreover, their regulatory compliances are minimal which makes it ideal for small business and startups.

2. Continuity of Business

Even on the death of partners, LLP’s can still be continued and appointed of new partner can be done easily because there are very less regulatory compliances.

3. Flexible Agreement

Agreement can be made in LLP as per own terms and conditions as there are no such specific criteria for making agreement.

4. Limited Liability

As per the LLP Act, Liability remains limited to the capital invested by the partners and it can be extended to the personal assets of the LLP partners.

5. Easy Transferability

In LLP, regulatory frameworks are not complicated it can be easily transferred by inducting them as new partners. Therefore, by changing the partners, ownership will also be transferred.

6. Better Credibility in Market

LLP creates better impact in the Global market, as it is very common in the developed nations, which gradually makes it credible option to get your business registered.

Advantages:

  • The biggest advantage of LLP is that the partners are not personally liable and are not forced to pay the business debt or the liability with personal assets.
  • Their personal property or assets would be protected from all business liabilities. Therefore, in a LLP all partners enjoy a form of limited liability protection for each individual's protection within the partnership.
  • The partners of a LLP have the right to manage the business directly unlike private limited company.

LLP is one of the easiest form of business to incorporate in India. Since, LLPs are incapable of issuing equity shares, LLP should be used for any types of business having plans for raising equity funds during its lifecycle.

Documents Required

Documents Required to Register LLP
Documents of Partners Documents of LLP
PAN Card/ ID Proof of the Partners Proof of Registered Office Address
Address Proof of the partners Digital Signature Certificate
Residence Proof of Partners
Photograph
Passport (in case of Foreign Nationals/ NRIs)

SUBMISSION OF DOCUMENTS BY PARTNERS

  • PAN Card/Passport (Foreign Nationals & NRIs) [Scanned]
  • Voter's ID/Passport/Driver's License [Scanned]
  • Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill [Scanned]
  • Passport-Sized photograph [Scanned]
  • Specimen Signature (Blank Document with Signature [partners only]) [Scanned]

FOR THE REGISTERED OFFICE

  • Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill [Scanned]
  • Notarized Rental Agreement in English [Scanned]
  • Non-Objection Certificate from Property Owner [Scanned]
  • Sale Deed/Property Deed in English (in case of owned property) [Scanned]

Simple & Transparent Pricing

Silver

Rs. 4999.00

All Inclusive

2 Digital Signatures PAN Registration TAN Registration

Gold

Rs. 6999.00

All Inclusive

2 Digital Signatures PAN Registration TAN Registration GST Registration

Platinum

Rs. 10999.00

All Inclusive

2 Digital Signatures PAN Registration TAN Registration GST Registration Trademark

How BusinessCrow help you with LLP registration

BusinessCrow can help you to register a LLP within 15-20 working days, as subject to government and client processing time.

Digital Signature & DIN

For the proposed partners of the LLP Digital Signature Certificate and Designated Partner Identification Number is obtained. DPIN and DSC can be obtained for the proposed Partners within 5-7 working days.

Name Approval

To MCA, a minimum of one and a maximum of six names choices must be submitted. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained within 5-7 working days.

LLP Registration

Incorporation documents can be submitted to the MCA. They will approve the application for incorporation of LLP within 10-12 days, subject to their processing time.