LLP Registration
Our Price
Market Price : INR 12,500
Our Price : INR 1,999 Only
Savings : INR 10,501
Govt Fees : Inclusive in the price
Time for Registration : 15 to 20 Working Days
LLP Registration
**** LLP Registration Charges are 0, only with standard and premium packages.
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LLP Registration
**** LLP Registration Charges are 0, only with standard and premium packages.
Let Us Help You
LLP Registration
Zero Fees
Standard
Premium
Zero Fees
Market Price : INR 12,500
Our Price : Zero ****
Savings : INR 12,500
Govt Fees : Inclusive in
the price above
Time for Registration : 15 to 20
Working Days
Services in the Package : Click Here
**** LLP Registration Charges are 0, only with standard and premium packages.
Standard
Market Price : INR 29,000
Our Price : INR 12,499
Savings : INR 16,500
Govt Fees : Inclusive in
the price above
Time for Registration : 15 to 20
Working Days
Services in the Package : Click Here
Premium
Market Price : INR 59,000
Our Price : INR 29,499
Savings : INR 29,500
Govt Fees : Inclusive in
the price above
(Except Trade
Mark Challan)
Time for Registration : 7 to 10
Working Days
Services in the Package : Click Here
Let Us Help You
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LLP Registration
A Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liabilities. It therefore can exhibit elements of partnership and corporations. In an LLP, each partner is not responsible or liable for another partners misconduct or negligence.
The concept of Limited Liability Partnership was firstly introduced in India by the Limited Liability Partnership Act, 2008 which was enacted by the Parliament of India to legally sanction the concept of LLP in India.
Limited liability means that if the partnership fails, creditors cannot go after a partner’s personal assets or income. LLPs are very common in professional business like law firms, accounting firms, and wealth managers.
LLP is very old business model in European Countries and USA, but other countries are slowly adopting and enacting this method of business.
Elegibility
1. Minimum Number of Partners:
At least two Persons are required to form any partnership. So in the LLP also, at least two persons are required .
2. Residential Status:
Any person can be Partner in the LLP either resident, non resident, Indian National, or Foreign National. It is also not mandatory the the partner should be Individual, it could either be Individual or Body Corporate.
3. Capital Requirement:
Limited Liability Partnership Act, 2008 does not discloses any amount of minimum capital, hence no limit has been imposed on capital.
4. Purpose of LLP Formation:
LLP can only be formed for runninng business intended to make profit. LLP can not be formed for charitable purpose, although its a body corporate.
5. Compulsory Clause:
At least one designated partner in the LLP should be Indian Resident who is responsible for the operation of the LLP.
Documents for LLP Registration
Documents required for LLP Registration
1. Copy of PAN of Partners
2. Copy of Adhar of Partners
3. Passport Size Photo of Partners
4. Profit Sharing Ratio
5. Five Names List (Priority-wise)
6. List of Products or Services
7. Partner’s Qualification Details
8. Occupation Details of All
9. Saving account statement for last one month
10. DSC of All the persons (If they have)
11. DIN of all the persons (If they have)
12. Copy of latest electricity bill (For Office Address)
13. Copy of Rent Agreement (For Office Address)
Procedure of LLP Registration
Step- by- step Guide explaining LLP Registration Process Online
The applicant can process the LLP registration procedure through the mca.gov.in.
Following are the step wise guidance for LLP Registration
Step 1: Obtain Designated Partners Identification Number (DPIN)
All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN) / Director Identification Number (DIN)”.
Step 2: Digital Signature Certificate
Partner/Designated partner of LLP/proposed LLP, whose signatures are to be affixed on the e-forms has to obtain class 3 Digital Signature Certificate (DSC) from any authorized certifying agency, details of which are available on the home page of the LLP portal under the tab “Certifying Authorities”.
Step 3: Reservation of name
I. Log on to the LLP portal by clicking the “log in” tab on the top right corner of the homepage and enter your username and password. After login, click “E-Forms” link.
II. Open Form LLPIN for reservation of name and fill in the details. Select name of the proposed LLP (upto 2 choices can be indicated).
III. Pay the necessary fee by Online Mode.
IV. Free name search facility (of existing companies / LLPs) is available on MCA portal (hyper link available on LLP portal).The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up.
Step 4: Incorporation of LLP
I. Once the name is reserved by the Registrar, log on to the portal and fill up Form LLPIN “Incorporation Document and Statement”.
II. Pay the prescribed registration fee as per the slab given in Annexure A of the LLP Rules, 2009, based on the total monetary value of contribution of partners in the proposed LLP.
III. Statement in the e-form is to be digitally signed by a person named in the incorporation document as a designated partner having permanent DPIN and also to be digitally signed by an advocate/company secretary/chartered accountant/cost accountant in practice and engaged in the formation of LLP.
Step 5: Filing of LLP agreement (Form-3)
Form 3 (Information with regard to LLP agreement and changes, if any made therein) shall be filed with the prescribed fee at the time of filing within 30 days of the date of incorporation or within 30 days of such subsequent changes.
Benefits of LLP Registration
LLP Act, 2008 was formed to provide limited liability benefit with minimum compliance obligations. Some of the major benefits are discussed hereunder:
There is no minimum capital requirement in LLP. An LLP can be formed with the least possible capital. Moreover, the contribution of a partner can consist of tangible, movable or immovable or intangible property or other benefits to the LLP.
An LLP requires a minimum of 2 partners while there is no limit on the maximum number of partners. This is in contrast to a private limited company wherein there is a restriction of not having more than 200 members.
All companies, whether private or public, irrespective of their share capital, are required to get their accounts audited. But in case of LLP, there is no such mandatory requirement. This is perceived to be a significant compliance benefit. A Limited Liability Partnership is required to get the tax audit done only in the case that the contributions of the LLP exceeds Rs. 25 Lakhs or the annual turnover of the LLP exceeds Rs. 40 Lakhs.
The cost of registering LLP is low as compared to the cost of incorporating a private limited or a public limited company. However, the difference in the cost of registering an LLP vs Private Limited Company has come down in recent days.
Frequently Asked Question
Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.
Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act. Form 18 needs to be filed with the registrar along with Form 2 for such conversion.
Yes. One should keep a track of the SRN till it is approved. In case of any defect, incompleteness or to call any further information, concerned MCA office can mark the status of SRN as ‘Required Resubmission’ or ‘Waiting For User Clarification’. In such a case, the concerned company/ person will be required to rectify such defects or incompleteness or furnish further information, within prescribed period.
Yes, conversion application (Form 17 or 18) can be rejected by the registrar, if not found appropriate along with eForm 2.The applicant has the option to go for appeal against the application rejected within 90 days and inform the registrar about the action undertaken. After the appeal is decided, the registrar can mark the status of eForm as ‘Sent for re-application’ or ‘Rejection confirmed’.