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LLP Registration
Easily Register a Limited Liability Partnership Company
- Pay just Government Fees
- Get 100% Cashback. Effective cost of Incorporation Rs. 0/-
- Get Company Incorporated in 5-7 working days with 100% Guarantee
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What Is Limited Liability Partnership (Llp)?
Limited Liability Partnership (LLP) is a separate legal entity; it is an entity which separates and distinct from its partners. Registration of Limited Liability Partnership Company comes under Limited Liability Partnership Act, 2008 and governed by the Limited Liability Partnership Act, 2008. As per the Partnership Act, 2008 for the registration of LLP it should have minimum 2 partners and there is no limit of Partners. In LLP, there is no shareholder concept like Private Limited Company, that’s why, the Ownership and Management are same in LLP.
Limited Liability Partnership (LLP) is a hybrid form of Partnership Firm and Private Limited Company; it’s having a status like Private Limited Company and liberals in laws like Partnership Firm. Audit of LLP is not mandatory, its depend upon your Turnover, If the turnover/contribution is exceeding than Rs 40 Lacs/Rs 25 Lacs respectively are required to get their accounts audited annually. Main document of LLP is agreement, all the activities are managed as per the agreements.
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- Name Approval Certificate
- Company PAN
- Company TAN
- Incorporation Certificate
- Digital Signature
- LLP Agreement
- Partners DIN
Features Of Limited Liability Partnership (Llp)
Status
Limited Liability Partnership is Separate Legal Entity, having Individual Status from its Partners or Owners. Because of Individual Status it has a capacity to deal with legal problem in case of fraud.
Financial Liability
Limited Liability Partnership has a Limited Liability, LLP require to pay till the end of LLP Assets only to its creditors. No personal Assets of Partners or Owners etc. can beclubed at the time of payments.
Investment Opportunity
In the Limited Liability Partnership, if anyone wants to be partner of LLP, in such case after investing proportion of Amount he can be the partner in LLP. Sharing of Profit and Loss ratio may depend upon Capital Investment Proportion.
Document Required for Limited Liability Partnership (LLP)
- Photos
- Pan Card
- Aadhar Card/Voting Card/Driving Licence/Passport
- Electricity Bill/Mobile Bill/Gas Bill/Bank Statement
- Utility Bill for Office
- Tax Receipt/Purchase Deed/Rent Agreement/Maintenance Receipt
Frequently Ask Questions (Faqs)
What are the advantages?
Ans: The advantages are as follows:
• Limited liability for partners
• Flexibilty in business
• Division of risk
• Less compliances
Is digital signature mandatory?
Ans: Yes.
Is it mandatory to register?
Ans: Yes it is mandatory to file LLP agreement.
In how many days LLP agreement is to be filed?
Ans: It is to be filed within 30 days of incorporation.
Is DIN mandatory?
Ans: Yes. It is mandatory for at least 2 designated partners.
Is LLP a good idea?
Ans: Yes as it is a combination of partnership firm and company. It offers advantages of both.
REGISTRATION PROCESS
1) Name Confirmation
First case of Limited Liability Partnership is to apply ROC, Name of Company for confirmation byform, we get approval usually within 1-2 working days.
2) DSC Application
After the Name reservation we require to create a Digital Signature for the Filing of Incorporation forms. Before filing forms we require to affix DSC of Applicant and Professional.
3) Incorporation Form
Once Name is confirmed and DSCs are ready we require preparing LLP Agreement, after that we can file LLP Registration form with attachment of Deed and require documents.
How we help with Limited Liability Partnership (LLP)
TruFilings can easily register within 15-20 working days.