LLP Registration

Perfect business solution for Small and Medium sized Enterprises going for Partnership

  • InsideTax Offer LLP Registration At Rs. 7,499 Onwards With 2 Designated Partners.
  • At Reasonable Price!!..!!!
  • (Takes 10-20 days)

Grow Up Your Business With Us

LLP was introduced in India by way of the Limited Liability Partnership Act, 2008. The main object of a Limited Liability Partnership is one partner is not liable for another partner’s misbehavior or mismanagement. LLP is preferred by Professionals, micro, and small businesses that are family-owned or closely held.
Limited Liability partnership provides the advantage of limited liability to its partners and at the same time requires minimal maintenance. The partners of a private limited company have limited liability to creditors. In the case of obligation, bank/creditors can only sell the company’s assets and not the private assets of directors.
An LLP also provides limited liability security for the partners from the debts of the LLP. Suitably, all partners in LLP enjoy a kind of limited liability security for each individual’s protection within the partnership, associated to the shareholders of a private limited company.
LLP Registration can be Complete through Insidetax in Pan India.

Preferred LLP because
  • No partner is liable for other partner’s misbehave
  • Limits the liabilities of its partners

Procedure for LLP registration

mail

Fulfilled our LLP Form on Email

test

Fill our easy LLP online questionnaire

partnership

Submit LLP documents

click

Start

Factors To Consider While Selecting An LLP Name

The Register of Companies (RoC) has issued naming principal for LLPs. You must follow the rules closely or your request may end up getting rejected , leading to a much longer procedure

Meaningful

The name of your LLP company should be relate to your business. It must suit the company ‘s movement . For example , Lilliput means small the Liliiput is kid clothing brand .

Short & Simple

The name of LLP must be short and simple . Easy accent for people and they can remember the company name at first go

Blacklist

Seprate , 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.

Unique Component

Name of your company should not be similar or parallel to an existing company , business or trademark .

No same Trademarks

There should not be officially a 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 authorizing, you to use it then only.

Suffix

The name of your LLP company must end 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 select up an LLP name make sure you don’t go against the law. It should not be abusive or against the customs and beliefs of any religion and doesn’t hurt anyone respect .

Eligibility For LLP Registration

mail

Minimum 2 Partners (18 years and above age)

test

No Capital Requirement

partnership

At least one Designated Partner as Indian Resident

click

DPIN for all Partners

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.

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.

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. The registrar will accept the name only if the name is not purposeless in the opinion of the Central Government and does not match any existing partnership firm or an LLP. The Name approval process will take 5 to 7 working days. A re-submission of the form is made15 days in case of rejection.

Step 4: MOA & AOA submission

Once the name is validate, one requires to draft Memorandum of association and Articles of Associate. Both MOA and AOA are registered with the MCA with the agreement statement.

Step 5: 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 company has been formed. It also involves your CIN number.

Step 6: Appeal for PAN, TAN and Bank account

Then you need to apply for PAN and TAN.

Step 7: Register for LLP Agreement

LLP agreement suprvise 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.

rawpixel-1080859-unsplash

Documents Required For LLP Registration

  • Copy of PAN Card of partners

  • Passport size photograph of partners

  • Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof

  • Landlord NOC (Format will be provided)

  • Passport (in case of Foreign Nationals/ NRIs)

  • Digital Signature Certificate

  • Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)

  • Copy of Sale Deed/Property Deed (If owned property)

  • Copy of Notarised Rental Agreement

  • Copy of NOC from the property owner

Penalties Provisions In LLP Annual Compliance Default

According to Limited liability partnership Act 2008, it is required to register all the prescribed compliance yearly. There is a provision for a punishment 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

Every registered LLP is hoped 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 time limit 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 time limit , then the penalty amount will is double i.e Rs. 10,000 registered. No maximum limit is specified

Why Choose LLP Registration?

  • It has a separate legal entity, unlike partnership firms.

  • The price of forming an LLP is cheap.

  • The liability and leadership of every partner are restricted 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.

  • Less agreement and regulations in the organisation of LLP .

  • No terms for minimum capital subscription .

  • Audit not required as LLPs are medium and small businesses who need to have minimal regulatory compliance linked to formalities.

  • The ownership of an LLP can be easily moved to another person. All you need is to recruit them as a Designated Partner of the LLP.

  • Act 2008 and terms defined in LLP agreement.

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

  • The least number of partners to incorporate an LLP is 2 and the maximum has no limit. The capability and duty of designated partners are administered by the LLP agreement. They are straight liable for the compliance of all the provisions of LLP

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 wants to end 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 end of the formation process, LLP is hoped 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 hoped to be registered:
1. Statement of Account & Solvency
2. LLP Annual Return
3. Income Tax Return

What Is Included In Our LLP Registration Package?

  • Name search & approval

  • GST registration

  • DPIN for 2 Partners

  • LLP Agreement

  • ROC Fees & Pan Card

  • Digital Signature For 2 Partners