LLP Registration
LLP Company registration - efiling Company

Limited Liability Partnership (LLP) Registration

LLP was launched in India by way of the Limited Liability Partnership Act, 2008. The main edge of a Limited Liability Partnership is one partner is not liable for another partner’s misconduct or negligence. LLP is favoured by Professionals, Micro and Small businesses that are family-owned or closely-held.

Limited Liability partnership offers the benefit of limited liability to its owners and at the same time needs minimal maintenance. The owners of a private limited company have limited liability to creditors. In case of default, banks/creditors can only sell the company’s assets and not the personal assets of directors.

An LLP also gives limited liability protection for the owners from the debts of the LLP. Accordingly, all partners in an LLP enjoy a kind of limited liability protection for every individual’s protection within the partnership, related to that of the shareholders of a private limited company.

LLP Company Registration can be done through us in Delhi NCR, Mumbai, Bengaluru, Chennai and all other Indian cities.

Choose LLP because

  • Dual advantages of LLP Company Registration – Company and a Partnership
  • No partner will be responsible for another partner’s misconduct
  • LLP Company Registration is Cheaper to incorporate than a private limited company
  • Limits the liabilities of its partners

What Is Included In Our LLP Registration Package?

  • DPIN for 2 Designated Partners
  • LLP Agreement
  • DSC for 1 Designated Partner
  • ROC Fees & Pan card
  • Name search & approval
  • Free Accounting Software & GST filing

Procedure For LLP Company Registration

Get a Free Consultation For LLP Company Registration

Complete our LLP Form

You need to fill our simple LLP online questionnaire and submit LLP documents.

Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN.

Verification and Name Approval

Details provided by you will be verified & then we shall apply for LLP name approval.

LLP Document Submission

We will create all the required documents (MOA & AOA) and file them with ROC for your LLP.

Your work is completed

Once your LLP is incorporated, we shall send you LLP certificate and DSCs

Documents Required For LLP Company Registration

  • Copy of PAN Card of partners
  • Passport size photograph of partners
  • Copy of Aadhaar Card
  • Copy of Voter identity card/ Driver’s license/Passport as identity proof
  • Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Residence
  • Copy of Sale Deed/Property Deed (If owned property)
  • Passport Mandatory (in case of Foreign Nationals/ NRIs)
  • Copy of Notarised Rental Agreement
  • Copy of NOC from the property owner

Why choose LLP Company Registration?

  • It has a separate legal entity, unlike partnership firms.
  • The liability and responsibility of every partner are limited to the contribution made by the partner.
  • An LLP has ‘perpetual succession’, that is extended survival until it is brought into end by mutual agreement between the partners.
  • The cost of forming an LLP is low.
  • Audit not required as LLPs are medium and small businesses who want to have minimal regulatory compliance linked to formalities.
  • Less agreement and regulations in the formation of LLP.
  • No terms for minimum capital contribution.
  • The ownership of an LLP can be easily shifted to another person. All you require is to recruit them as a Designated Partner of the LLP.

The least number of partners to incorporate an LLP is 2 and the maximum has no limit. The powers and responsibilities of designated partners are administered by the LLP agreement. They are straight responsible for the compliance of all the provisions of LLP Act 2008 and terms defined in LLP agreement.

If you want to commence your company with Limited Liability Partnership, then you must get it enrolled under the Limited liability Partnership Act, 2008.

Steps to form an LLP

Step 1: Digital Signature Certificate (DSC)

Before starting the process of registration, you must enrol 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 to be digitally signed.
So, the LLP partners must get the DSC from government-approved certifying agencies.

Step 2: Application of DIN (Director Identification Number) and DPIN ( Designated Partner Identification Number)

After applying for DSC the next step is to enrol for DPIN and DIN application for the proposed Partners of the LLP. Within a timeframe of 3 to 4 working days, DPIN and DIN. The application for allotment of DIN has to be made in Form DIR-3. You have to add the scanned copy of Aadhaar and PAN to the form. The form needs to be signed by a Company Secretary in full- time employment of the company or by the Managing Director, Director or CEO of the existing company in which the candidate shall be designated as a director.

Step 3: Name Approval and Reservation with ROC

LLP-RUN i.e. Limited Liability Partnership-Reserve Unique Name needs to registered for the reservation of name of proposed LLP. This is further treated by the Central Registration Centre under Non-STP. But before circulating the name in the form, it is suggested that you use the free name search facility on our portal. The system will give the list of exactly resembling names of existing LLPs. 1-6 is the limit proposed names are expected to be given to the MCA. The registrar will approve the name only if the name is not useless in the opinion of the Central Government and does not match any existing partnership firm or an LLP.

The Name approval process will take 2 to 3 working days. A re-submission of the form is made 15 days in case of rejection.

Step 4: Get Incorporation Certificate of LLP

The form used 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 the registered office of the LLP is located. The form will be an integrated form. Incorporation documents can be presented to the MCA along with an application for incorporation. MCA will approve the application for incorporation within 5 to 7 days. Incorporation certification is proof that the LLP has been formed. It also involves your LLP Identification number.

Step 5: Register for LLP Agreement

LLP agreement oversees the mutual rights and duties between the LLP and its partners.LLP agreement must be registered in Form 3 which is to be filled in 30 days of the date of incorporation.

Step 6: Apply for PAN, TAN and Bank account

Then you require to apply for PAN and TAN. PAN and TAN and receive in 7 working days. You can submit the LLP Incorporation certificate, LLP Agreement and PAN with the bank for opening your bank account.

Important forms in LLP Company Registration

  • RUN – LLP Reserve Unique Name-Limited Liability Partnership- A form for reserving a name for the LLP
  • FiLLiP – A Form for incorporation of LLP
  • Form 3- Filing of LLP Agreement
  • Form 5- Notice for change of name
  • Form 17- Application and statement for the conversion of a firm into LLP
  • Form 18- Application and Statement for conversion of a private company or unlisted public company into LLP

Timeline for LLP Registration in Delhi

It takes 15 to 30 working days (approx.) to finish the Limited Liability Partnership Registration procedure. The timeline may vary depending on responses from ROC department.

Eligibility For LLP Registration

Minimum 2 Partners (18 years and above age)
No Capital Requirement
At least one Designated Partner as Indian Resident
DPIN for all Partners

Concerns Related To Private Limited Company

    • Pvt. Ltd company requires few more ROC compliance translating into an additional cost of 5000 to 10000/annum.
    • Minimum capital required is Rs.100,000
    • Private limited company can have a maximum of 200 members.
Still, entrepreneurs prefer private limited for the ease in share transfer and potential for future growth.

Checklist: If your company qualifies for LLP in India

For any form of company, certain specific conditions must be fulfilled to be available for registering as an LLP

Any company who has:

  • A minimum of 2 partners. There is no boundary to the maximum number of partners
  • The nomination of a natural person, if a body corporate is a Partner.
  • No shared capital requirement, though each partner has to contribute towards it.
  • Minimum capital contribution: There is no minimum capital demand for an LLP (or a company, for that matter).
  • Minimum 1 Designated Partner as resident of India.
  • DPIN for all Partners
  • DSC for all the Designated Partners
  • Address proof of the Registered office of LLP. Even a rented home can be the registered office, so long as a NOC is obtained from the landlord.

Penalties Provisions in LLP annual compliance default

  • According to Limited liability partnership Act 2008, it is compulsory to register all the prescribed compliance yearly. There is a provision for a penalty in case of any failure in registering Form 8 and Form 11 for reporting LLP’s financial statements and annual return. A fixed amount of Rs. 100 per day for each agreement that is not registered. No maximum limit is specified.
  • Every registered LLP is expected to do Income tax return filing with Annual filing. This filing should be done by 30th September all year. After LLP registration, any LLP fails to reach this deadline then a penalty of Rs. 5,000 is forced on it and filing is to be made by 31st December of that year. If the LLP fails to reach this deadline, then the penalty amount will is double i.e Rs. 10,000.

What are the Compliance Requirements after an LLP Company Registration in India?

Post-Incorporation Compliances

Once Limited Liability partnership registration is done the newly incorporated LLP is expected to finish following compliances. These compliances are one time in nature and are not repeated.

1. Partnership Agreement Filing
2. Apply for PAN & TAN
3. Open Bank Account

Annual Compliances Requirements after the LLP Registration

After the finish of the formation process, LLP is expected to comply with the annual compliance requirements. These compliances are compulsory to meet irrespective of the fact that they have started a company or not. If the number of transactions after the LLP registration is 0, then LLP will record NIL return.

Following returns are expected to be registered:

1. Statement of Account & Solvency
2. LLP Annual Return
3. Income Tax Return

Stamp duty rates on LLP Ageement

Below is the list of Stamp Duty to be paid for preparing LLP AGREEMENT for different states as per Capital Contribution.

The Stamp Duty on LLP Agreement is updated as per the Finance Act 2009 and Respective State Stamp Acts.

STATEUpto Rs. 1 LakhRs. 1 to Rs. 5 LakhRs. 5 to Rs. 10 LakhRs. 10 Lakh and above
Andhra Pradesh500500500500
Arunachal Pradesh100100100100
Assam100100100100
Bihar2500500050005000
Chhattisgarh20002000-500050005000
Delhi1% of Capital1% of Capital1% of Capital(Max : 5000)1% of Capital(Max : 5000)
Goa150150150150
Gujarat10002000-50006000-1000010000
Haryana1000100010001000
Himachal Pradesh100100100100
Jammu and Kashmir100100100100
Jharkhand2500500050005000
Karnataka1000100010001000 + (500 For Every 5 Lakh Increase)
Kerala5000500050005000
Madhya Pradesh20002000-500050005000
Maharashtra1% of Capital(minimum of 500)1% of Capital1% of Capital1% of Capital(15000 Max)
Manipur100100100100
Meghalaya100100100100
Mizoram100100100100
Nagaland100100100100
Orissa200200200200
Punjab1000100010001000
Rajasthan4000(50,000 or below : 2000)4000-10000 (2000 on multiple of Rs. 50000)1000010000
Sikkim100100100100
Tamil Nadu300300300300
Tripura100100100100
Uttar Pradesh750750750750
Uttarakhand750750750750
West Bengal150150150150

Factors to Consider While Selecting an LLP Name

The Registrar of Companies (RoC) has issued naming guidelines for LLPs. You must follow the rules closely or your application may end up getting rejected, leading to a much longer process.

Minimum 2 Partners

The name should be concise and not be too long. People should be able to pronounce it easily and they should be able to remember your company’s name the first time they hear or read it.

Short & Simple

The name of LLP must be short and not be too long. Easy pronunciation for people and they can remember the company name at first go.

Unique Component

Name of your company should not be identical or alike to an existing company, business or trademark. You must ideally avoid plural version e.g., “Amazon’s” or changing just letter Case, spacing or punctuation marks in an existing company name.

Blacklist

Abstracts, adjectives and generic words are denied. So XYZ would be denied, as would Good Quality Biscuits. The words bank, exchange and stock exchange would also be denied.

No same Trademarks

There should not be a certified trademark by the identical name on the IP India website. If there is 1, the name can just be approved if you can get a NOC from its owner authorising, you to use it then only.

Suffix

The name of your LLP company must finish with the suffix “LLP” is a case of a limited liability partnership.

Descriptive Name

This means the word like” research” is a scientific word used in a company name of research it can be used in technical business, company’s name. You cannot use them in the name of the food chain as it is doesn’t relate to it.

Should not be illegal or offensive

While picking up an LLP name make sure u don’t go against the law. It should not be abusive or against the customs and beliefs of any religion and doesn’t harm anyone respect.

Frequently Asked Questions

At least two partners are required for LLP registration. The maximum partners can be 200. If you are the sole owner, you can register as a One Person Company.

Any individual/organisation can become the partner in LLP including foreigners/NRI’s. However, the individual must 18+ above in terms of age and should have a valid PAN card.

Our procedure is 100% online which means there is no compulsion for you to be present at our office physically. A scanned copy of documents can be sent to us via mail, and we will handle the rest. You will get the company incorporation certificate from MCA via courier at your business address.

We do not have any hidden charges. Our system is quite transparent. After making your payment, we will send you an invoice that is all-inclusive, with no hidden charges. Our team provides you support till you get your LLP bank account.

You need to have a bank account with a minimum balance, which could be as little as Rs. 5000. You need not invest any more capital in starting the business. You needn’t even deposit this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of LLP e.g, LLP registration expenses. You can also show this capital has been infused in form of assets such as computers etc.

Yes, but only after he has been assigned with DIN/DPIN. However, at least one designated partner in LLP must be a Resident of India. In fact, the foreign director can also be a majority shareholder in the company

Yes, you can register your LLP at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office. You just have to provide your home address proof such as rent agreement or electricity bill.

Yes, you as a salaried person can become a partner in an LLP. You need to check your employment agreement if that allows for such provisions. In most, cases employers are comfortable with the fact that their employee is a director in another company.

No, you can’t convert your LLP into a Private Limited Company as it is not MCA. Both the LLP Act, 2008 and the Companies Act, 2013 don’t have any provisions on conversion of LLP in a private limited company. However, if you want to expand your business you can register a new Private Limited Company with the same name as that of the LLP. The LLP company just needs to issue a no objection certificate.

incfile.in provides LLP incorporation services across India in all cities. We have done LLP registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.