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LLP Registration

@ Rs. 5,999 *


Assured Compliance with Global Standards

Comprehensive Guidance from Start to Finish

Fast Approval Process

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HERE'S HOW IT WORKS

Get your LLP Registration in 3 Simple Steps

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Simply fill the above form to get started.

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Get Incorporation

Get your LLP Incorporation.

LLP REGISTRATION : STEP BY STEP GUIDE

A Limited Liability Partnership (LLP) is a preferred business structure among entrepreneurs due to its flexibility in compliance. SimpliFyl guides you through the process of registering an LLP in India.

Under the Companies Act, 2008, an LLP is a unique business entity that offers limited liability protection to its partners. Unlike traditional partnerships, an LLP has a separate legal identity while maintaining the operational flexibility similar to that of a partnership. This structure simplifies the registration process and provides operational ease, making it a popular choice for businesses in India.

HOW TO REGISTER A LLP IN INDIA?

Before initiating the LLP registration process, it's essential to understand the benefits an LLP offers to its partners. An LLP combines the advantages of a partnership with the benefits of limited liability protection, providing a flexible and secure framework for business operations.

STEPS FOR ONLINE LLP REGISTRATION

Let's check the complete online LLP Registration process & steps. Registering a Limited Liability Partnership in India involves a different legal process

    Fill and Submit the Get Started form.

    Watch a detailed video on LLP formation.

    Submit a one-page LLP registration questionnaire.

    A SimpliFyl expert will address all your queries.

    Arrange for the partner's ID and address proofs.

    Draft the main objectives of the LLP and submit the name application.

    File the incorporation forms with the Ministry of Corporate Affairs (MCA).

    Obtain the Incorporation Certificate.

    File the LLP Agreement with the Registrar.

BENEFITS OF LLP INCORPORATION

Registering a LLP offers many advantages:

Limited Liability Protection

In an LLP, only the investment is at risk; partners' personal assets are protected.

Better Market Credibility

LLPs are widely recognized and preferred by corporate clients, vendors, and government agencies over proprietorships or partnerships.

No Audit & Minimal Compliances

LLPs are easy to manage with no statutory audit required, making them ideal for small businesses. No tax audit is needed for capital under Rs. 25 lac and turnover under Rs. 40 lac.

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MINIMUM REQUIREMENTS FOR LLP REGISTRATION

    Minimum 2 Partners

    DIN (Director Identification Number) for all Designated Partners

    Nominee for Body Corporate Partners (if applicable)

    DSC (Digital Signature Certificate) for all the Designated Partners

    Capital Contribution by Partners

    Address Proof for Registered Office

DOCUMENTS REQUIRED FOR LLP REGISTRATION

    Partner's PAN Card: For identity .

    Address Proof of Partners: Aadhar Card, Voter ID, or similar documents.

    Registered Office Proof: Electricity bill, water bill of the proposed registered office.

    No Objection Certificate (NOC): If the registered office is rented, an NOC from the property owner is required.

    Passport-size Photographs: Recent photographs of the partners.

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LLP REGISTRATION FEES, COST & CHARGES

    DSC Fee: Cost for obtaining Digital Signature Certificates (DSC) for partners.

    DIN Fee: Applicable fees for obtaining Director Identification Numbers (DIN).

    Name Approval Fee: Charges for reserving the LLP name with the Ministry of Corporate Affairs (MCA).

    Registration Fee: Varies based on capital contribution and other factors.

    Professional Charges: Fees for legal support and facilitation during the registration process.

WHAT ALL YOU GET

FAQ ON LIMITED LIABILITY PARTNERSHIP REGISTRATION

An LLP, also known as a Limited Liability Partnership, is a business structure that combines elements from both partnerships and companies. It offers partners the benefit of liability while retaining the flexibility of a partnership setup.
In contrast to a partnership, an LLP provides partners with liability protection safeguarding their assets in the event of business losses, a benefit usually not present in traditional partnerships.
Forming an LLP has advantages such as liability protection for partners, reduced compliance requirements compared to companies, no minimum capital requirement, and the operational flexibility inherent in a partnership model.
Drawbacks of an LLP may include audit obligations if turnover surpasses thresholds, limited appeal to investors when compared to private limited companies, and restrictions on fundraising activities.
Any two or more individuals or entities can come together to create an LLP within the jurisdiction, provided that one designated partner maintains residency status within the country.
LLPs can be set up without any capital requirement, making them a popular option for medium businesses.
LLPs are taxed similarly to partnership firms and are subject to income tax. The profits distributed among partners are exempt from taxation.