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    4. LLP Registration

    LLP Registration

    Get your LLP registered with the help of legal experts online in India at a very affordable price

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    हिंदी में पढ़ें


    Nowadays LLP has become a very popular form of business as many entrepreneurs are opting for this. There are many partners in the firm but they are not liable or responsible for other’s misconduct. Everyone is liable for their acts. There must be at least two individuals to be appointed as Designated Partners, out of which one must be a resident of India. Also, there is a pre-requisite to have an address of a business in India to register it as your LLP’s registered office. All limited liability partnerships are administered under the limited liability partnership act of 2008. However, in India LLP was established in April 2009.


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    LLP Registration Cost

    For registration of Limited Liability Partnership, government fees are as follows (Note that there are additional costs such as DIN application fees, LLP form filing fees, etc as well):

    1. Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh Rs. 500/-

    2. Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs Rs. 2000/-

    3. Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs Rs. 4000/-

    4. Limited Liability Partnership whose contribution exceeds Rs. 10 lakh Rs. 5000/-

    However, it may vary according to the stamp duties of respective states.


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    To Obtain LLP registration Number

    • Digital Signature Certificate (DSC)
    • Before starting the process of registration, you must enroll for the DSC of the designated partners of the proposed LLP. Applying for DSC is important because the registration process of LLP is done online and requires Digital signatures.

    • Application of DIN (Director Identification Number) and DPIN ( Designated Partner Identification Number):
    • After applying for DSC the next step is to enroll for DPIN and DIN application for the proposed Partners of the LLP. Within 5 to 7 working days, DPIN and DIN, The application for allotment of DIN have to be made in Form DIR-3.

    • Name Approval and Reservation with ROC:
    • The Name of the LLP should be cross-checked with the ROC and the trademark registry to avoid any infringement of someone else Trademark or Other Company /LLP Name. The application for the Name approval of LLP is submitted in Form RUN-LLP. It is an online application, where two names in order of preference can be filed with a note on the significance of the Name and the business activities.

    • MOA & AOA submission:
    • Once the name is approved, it is essential to draft the Memorandum of association and Articles of Associate. Both documents are registered with the MCA with the agreement statement.

    • Get Incorporation Certificate of LLP
    • The form for incorporation is FILLIP(Form for incorporation of Limited Liability Partnership) which must be registered with the Registrar who has jurisdiction over the state in which LLP’s registered office is located.

    • Appeal for PAN, TAN, and Bank account
    • Then one requires to apply for PAN and TAN. Incorporation certificate, MOA, AOA and PAN can be submitted with the bank for opening your bank account.

    • Register for LLP Agreement
    • LLP agreement looks after the mutual rights and duties between the LLP and its partners.LLP agreement must be registered in Form 3 which is to be submitted in 30 days of the date of incorporation.

    Estimate Time Required

    LLP formation starting from obtaining DSC to Filing Form 3 takes around 15 days subject to availability of all the documents.

    Documents Required for LLP Registration

    Below is the list of documents required for registration:

    1. Documents of Partners:

    • PAN Card/ ID Proof of the Partners

    • Address Proof of the partners

    • Residence Proof of Partners

    • Photograph

    • Passport (in case of Foreign Nationals/ NRIs)

    1. Documents of LLP:

    • Proof of Registered Office Address

    • Digital Signature Certificate

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    FAQ

    What is LLP Registration India?

    LLP registration procedure is the easiest and transparent procedure as it has a blend of the benefits of a company and partnership firm namely, limited liability feature of a company and the flexibility of a Partnership firm.

    How can I get LLP name?

    LLP name availability is an essential part of an online LLP registration. The name of an LLP is reserved through a web-based form named “LLP-RUN” (Reserve Unique Name). The partners can give a maximum of 2 names in preferential order to reserve the name. The registrar may ask to re-submit the application with different names if the proposed names do not fall under the criteria.

    What is the LLP agreement?

    LLP Agreement is an agreement carried out by all partners after LLP incorporation in India. The agreement includes all the clauses related to business, including the rights, roles, duties, and responsibilities of partners in LLP.

    Can LLP have directors?

    LLP does not have directors, however, there must be at least two individuals to be appointed as Designated Partners, out of which one must be an Indian resident.

    Is GST applicable to LLP?

    Entities with turnover exceed Rs.40 lakhs (supply of goods in normal state), Rs. 20 lakhs (supply of goods/services in Normal state) Rs.20 lakhs (supply of goods in a specific state) or Rs. 10 Lakhs (Supply in a specific state) and above would be required to register under GST.

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