Do you want to know how to Register Limited Liability Partnership in India? We will discuss the process for Limited Liability Partnership Registration in India in this Article.
Features of LLP
- It is a separate legal entity like other form of companies
- The cost of forming an LLP is very low
- No requirement of minimum capital contribution
- The liability of every partner is limited to the contribution made by its partner
- Less legal compliance and regulations
The minimum number of partners to form an LLP is 2 which mean there should be at least two partners to incorporate the LLP and there may be numerous partners in LLP. Person, who does not want to form Pvt. Ltd. because of much Legal Compliance, can incorporate LLP. There should be minimum two designated partners and at least one of them should be resident of India. The rights, responsibilities and duties of partners are governed by the Limited Liability Partnership agreement. They are directly responsible for the Legal compliance of all the provisions of Limited Liability Partnership Act 2008 and provisions specified in Limited Liability Partnership agreement.
If you want LLP Registration in India and need expert team to incorporate LLP, contact us and register you business under Limited liability Partnership Act, 2008.
Process of Registration as LLP
1: Obtain DSC
2: Apply for DIN
3: Name Approval
4: Incorporation of LLP
5: File LLP Agreement
Digital Signature Certificate (DSC)
First, you need to apply for the digital signature (DSC) of the designated partners of the proposed LLP because all the documents for LLP need Digital Signature.
Director Identification Number (DIN)
You need to apply for the DIN of all the designated partners .
Reservation of Name
This step is very important as this step plays a important roll. You need to select your LLP Name which should unique and should not be registered by someone else. If your LLP name is not unique, you can not apply that name.
Incorporation of LLP
Form for incorporation of Limited Liability Partnership which would be filed with the Registrar who has a legal jurisdiction over the state in which the registered office of the LLP is located.
File Limited Liability Partnership Agreement
The Limited Liability Partnership Agreement needs to be printed on Stamp Paper. The value of Stamp Paper may vary for every state.
Documents of LLP Partners
- PAN Card/ ID Proof of the Partners
- Residence Proof of Partners
- Passport (in case of Foreign Nationals/ NRIs)
- Address Proof of the partners
Documents of LLP
- Address Proof of Registered Office Address
- Digital Signature Certificate (DSC)
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Terms for Limited Liability Partnership in India
Limited Liability Partnership Registration in India, LLP Registration in India, How to Register Limited Liability Partnership in India
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