LLP Registration India | Online Process | Register Now
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OVERVIEW
What is an LLP Company?
An LLP, or Limited Liability Partnership, was introduced in 2008 under the Limited Liability Partnership Act. It is a form of organization where at least two individuals (partners) come together to carry out business operations. Each partner has to follow the rules laid out under the LLP Act to carry out business operations. To ensure a smooth and fair partnership, there is an LLP agreement created by partners.
Similar to a company, an LLP has a separate existence from its members, which means it continues to exist without being impacted by the death, insolvency, or retirement of its partner(s). Partners benefit from limited liability and flexibility in LLP organizations, making it a popular choice for entrepreneurs in various industries.
FEATURES
Features of LLP in India
LLPs in India come with noteworthy features that make them stand out. Some key strengths include:
Separate Legal Entity
Like a corporation, an LLP is considered a separate legal entity from its owners. This means it can enter into contracts, own property, and sue or be sued in its own name.
Perpetual Succession
A Limited Liability Partnership (LLP) operates with perpetual succession, similar to a registered company. This means that it can continue to exist even if one or more partners who originally started it retire, pass away, face financial difficulties, or become unable to make sound decisions due to mental health issues.
Common Seal
An LLP in India may have a common seal on an agreement between all the partners. It isn't a necessity, but still, partners can opt for it. However, to affix the common seal, there is a condition: it must be in the presence of at least two designated partners of the LLP.
Partnership Agreement
Just like in a partnership, partners in an LLP operate through a partnership agreement. It’s the document that outlines the rights, responsibilities, and profit-sharing arrangements among the partners.
BENEFITS
Benefits of LLP Registration
An LLP is a popular choice for businesses in India because of its valuable features, including:
Limited Liability
Limited liability stands out as a crucial advantage when opting for LLP company registration in India. This feature guarantees that the personal assets of partners are safeguarded, preventing them from being used to settle the debts and obligations of the LLP.
Credible Image
Because the details and documents of an LLP are officially registered with the government authorities upon incorporation, it makes them a reliable organization. While seeking credit, investment, or entering into contracts with clients, the LLP registration factor creates a positive impact. It helps in building trust easily.
Digital signature can be obtained with the help of Authorised Certifying Authority by JustStart.
Easy Registration
The registration of Limited Liability Partnerships in India is extremely simple and quick. Especially if you choose JustStart to help your organisation register as an LLP in India, the process gets super convenient. You can file applications and documents online quite easily with our experts and streamline the LLP registration process.
Ultimate Flexibility
One of the remarkable benefits of LLP registration in India is the flexibility it offers in managing the business internally. LLP allows the partners to define their own rules of management in the LLP agreement. Unlike the Companies Act, there are minimal provisions governing LLPs, making them a less complex form of business organization.
ELIGIBILITY
Who Is Eligible For LLP Registration In India?
The eligibility conditions for registering an LLP in India are outlined in the LLP Act of 2008 and the LLP (Incorporation) Rules of 2009. Here is a concise overview:
Under these regulations, specific criteria must be met for LLP registration. These conditions, as established by the aforementioned acts and rules, serve as the foundational requirements for individuals or entities seeking to form an LLP in India.
- Minimum 2 number of partners
- Minimum 2 designated partners
- At least one designated partners must be an Indian resident
- A valid and unique organization name
- Registered office address
- Clearly defined business objectives
DOCUMENTS REQUIRED
Documents Required For LLP Online Registration
To register an organization as an LLP in India, partners must produce the following documents:
Identity Proof
- Passport (for foreign nationals)
- Voter ID
- Aadhar Card
- Driver's License
Address Proof
- Passport (for foreign nationals)
- Voter ID
- Aadhar Card
- Recent utility bills (electricity, water, gas) or rental agreement
Partnership Deed
- This document outlines the rights, duties, and responsibilities of partners and includes details such as the name of the LLP, its objective, and the contribution of each partner.
Registered Office Proof
- Sale deed or property deed (if the property is owned)
- Rent agreement along with a recent utility bill (if the property is rented)
Consent of Partners
- Signed consent of all partners for LLP registration.
Digital Signature Certificate (DSC)
- All designated partners must obtain a DSC to sign documents digitally.
PROCEDURE
LLP Registration Process In India
To register an LLP online in India, you need to navigate through the following key steps:
Get a Digital Signature Certificate
Every designated partner of the LLP must apply for and obtain a Digital Signature Certificate (DSC) because it is mandatory for all kinds of government filings.
Obtain the Designated partner Identification Number
All the partners need to apply for Designated partner Identification Number (DPIN). It is a unique identification number provided to individuals longing to become designated partnersof LLPs.
Select a Name for the LLP
Partners need to pick a unique name for the LLP. The name should not be copied and adhere to the guidelines of the Ministry of Corporate Affairs.
Fill out the Incorporation Form (FiLLiP)
FiLLiP is the form to collect the necessary information for the registration of the proposed LLP and its partners. It also requires partners to sign a declaration indicating they will comply with LLP regulations.
Create an LLP Agreement
Partners must create an LLP agreement that mentions their duties, rights, and obligations. This agreement needs to be notarized and submitted to the Ministry of Corporate Affairs within 30 days of LLP incorporation.
Obtain a Certificate of Incorporation
On the completion of filing and verification of documents, the Registrar of Corporations (RoC) issues the Certificate of Incorporation. It officially acknowledges that the LLP exists. PAN and TAN will also be there on the COI.
How much will it cost for LLP registration?
The LLP registration fee is Rs 7499, including all the government and professional fees. Kindly have a look at the breakdown of this fee in the below structure:
| Steps | Cost (Rs) |
| 2 Digital Signature Certificates | Rs 3,000 |
| Government Fee | Rs 843 |
| Professional Fee | Rs 3656 |
| Total Fee | Rs 7,499 |
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Why JustStart For LLP Registration?
Choosing JustStart for your LLP registration in India means entrusting the process to reliable and experienced hands. Our team comprises experts well-versed in the intricacies of LLP registration in India, providing dedicated guidance from initiation to completion. Here are compelling reasons to opt for our services:
- Seamless Process Handling
- Transparent Communication
- Google-verified Business
- End-to-End Support
- Stress-Free Process
- Regulatory Compliance
- Time-Efficient Services
