Register your Limited Liability Partnership (LLP) Company by specialised professionals @ ₹9999
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NEED LLP REGISTRATION FOR YOUR BUSINESS?
A Limited Liability Partnership (LLP) is a form of business entity that is separate from its owners and offers limited liability protection to its partners. In India, an LLP can be formed by two or more persons who wish to carry out a lawful business with a view to profit. It is governed by the Limited Liability Partnership Act, 2008.
The main advantage of an LLP is that it offers limited liability protection to its partners. This means that the personal assets of partners are protected in case of any business losses or liabilities. Additionally, an LLP is easy to set up, has lower compliance requirements compared to a private limited company, and offers flexibility in terms of ownership and management.
To start an LLP in India, the partners need to file an application with the Registrar of Companies (ROC) along with the required documents and fees. Once the LLP is registered, it can start doing business and file annual returns and statements with the ROC.
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List of Documents that are required to proceed with this service package are
NOTES: In LLP you need to Buy a stamp paper which ever state you are going to register where we will be drafting the deed and we will be sharing where the partners need to sign and Notary the same as usual process of LLP
To form an LLP, at least two individuals (called Designated Partners) must be appointed. The individuals must be aged 18 or above and must possess a valid Indian address. Designated Partners can be individuals or bodies corporate (such as companies). Foreign nationals, foreign corporate bodies and limited liability partnerships can also be appointed as Designated Partners.
LLPs must have a minimum of two partners/members. However, there is no limit to the maximum number of partners/members. A minimum of two members are required to incorporate a Pvt Ltd company; the maximum number can be two hundred. A Pvt Ltd company must have minimum two directors and maximum fifteen directors.
LLPs and Pvt Limited are similar in some ways. Both have limited liabilities; they do not require minimum share capital, and both must be registered with the Ministry of Corporate Affairs (MCA). Hence, it would be best if you determined the better option based on the business structure that best suits your financial operations and management.
Pvt Ltd companies must undergo the auditing process regardless of the turnover, and they need private investors. Therefore, businesses with high turnover that need to raise money from equity funding can opt for a Private Limited company.
LLPs offer flexible business operations and lower compliance, making them ideal for small businesses or start-ups requiring lower capital costs.
Step 1: Obtain Digital Signature Certificate (DSC) & Director Identification Number (DIN):
All the forms that need to be submitted online require the directors’ DSC. So, the first step in the process is to get DSCs and DINs for 2 partners. We collect the necessary information from you and file it on your behalf.
Step 2: Name Approval :
The approval of the name will be made by the registrar only if the central government does not deem it undesirable. The name should not hold any resemblance to any of the existing partnership firms, LLPs, trademarks, or body corporates.
Step 3: LLP Agreement :
An LLP agreement is very crucial in a limited liability partnership as it determines the mutual rights and duties amongst the partners, and between the LLP and the partners. Thus, our experts take utmost care in drafting this agreement.
Step 4: Incorporation of LLP:
Our team will file the necessary forms and documents with the registrar. Once the registrar approves all the forms and documents, you get your LLP incorporation certificate and are almost set for running your business.
Step 5: Apply for PAN & TAN
As soon as you get the incorporation certificate, we will apply for the PAN, TAN, and bank account for your LLP.
For the Partners
- PAN or Passport
- Any Identity proof
- Bank statements
- Registered office proof
- NOC from the landlord to use the premises of the registered office
- Any utility bills of the premises which are not less than two months.
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