Taxation & Legal Advisory Services
Limited Liability Partnership (LLP)
Registration
Complete your LLP registration within 14 business days T&C*
LLP agreement drafting, name approval and compliance requirements covered
Tailored services for startups, professionals, and businesses to set up an LLP seamlessly.
Limited Liability Partnership (LLP) Registration
Certificate of Incorporation (Sample)
Limited Liability Partnership (LLP) registration is a popular choice for startups and small businesses, blending the features of a partnership and a private company. One key advantage is that LLPs require no minimum capital, making them accessible to new entrepreneurs. The process begins with selecting a unique business name, which is checked for availability using the RUN-LLP service on the Ministry of Corporate Affairs (MCA) portal.
In Company Law, Limited Liability Partnerships (LLPs) represent a unique entity offering limited liability protection to its partners. Unlike traditional partnerships, LLPs enjoy separate legal status while maintaining operational flexibility akin to partnerships. This framework under the LLP Act, 2008, facilitates streamlined registration and operational processes for businesses in India.
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Importance and benefits of Registration
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Procedure of filing registration application
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Documents required for Pvt. Ltd. Registration
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Registration Application Fees
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Different types of Registrations
Requirements for Company Registration
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Directors: For a LLP Company, there must be a minimum of 2 Partner to register.
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Shareholders: A minimum of two shareholders and ther a maximum of 200 shareholders are required for Pvt Ltd Company registration.
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Digital Signature Certificate: All the directors must possess a DSC at the time of registering for Pvt Ltd Company.
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Director Identification Number: All the directors must have DIN in order to register a Pvt Ltd Company.
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Resident Directors: A LLP Company at the time of registering must have at least one director who is a resident.
Benefits of LLP Registration
Limited Liability Protection :
LLP registration offers partners limited liability of the partners, ensuring that personal assets are safeguarded from business liabilities and debts.
Separate Legal Entity:
An LLP has its own legal existence, allowing it to enter into contracts, acquire assets, and sue or be sued in its own name, separate from its partners. It is best for startups.
Flexible Management Structure :
LLPs provide flexibility in structuring management and operations based on the LLP agreement, allowing partners to define roles, responsibilities, and decision-making processes.
Minimal Compliance Requirements :
LLPs have fewer compliance obligations compared to companies, reducing administrative burdens and costs. They are exempt from holding annual general meetings (AGMs) and have simplified audit requirements.
Tax Efficiency :
LLPs are taxed as partnerships, with profits distributed to partners taxed at their individual tax rates. This avoids double taxation on corporate profits and dividends.
Perpetual Succession :
LLPs enjoy perpetual succession, ensuring continuity despite changes in partner composition due to retirement, resignation, or death.
Documents required for LLP Registration
Partnership Agreement (LLP Agreement)
Digital Signature Certificates (DSC)
Consent of Partners
Form for LLP Registration
Declaration by Designated Partners
Proof of professional qualification
PAN Card (Indian Nationals) or Passport (Foreign Nationals)
Aadhaar card
Rent agreement or lease deed (if rented)
Property tax receipt or ownership deed (if owned)
Procedure of Registration Application
Consultation and Planning
Name Reservation
Document Preparation
Digital Signature Certificates (DSC)
Filing with Registrar of Companies (ROC)
Certificate of Incorporation
Who can Apply for Company Registration Online?
LLP companies must comply with MCA guidelines, which require a minimum of two directors and shareholders for registration. Shareholders can be individuals or corporate entities, while directors must be individuals. Furthermore, a registered office address in India is mandatory, and specific criteria must be met when filing for registration.
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The applicant's minimum age should be eighteen years old
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The applicant must be a citizen or resident of India
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There should be between 200 and 300 members
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Minimum number of Directors or shareholders must be 2
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