LLP Registration | starts at 3499 2020-07-24T22:47:36+05:30

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    What is LLP Registration ?

    LLP refers to Limited Liability Partnership which was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. The main advantage of a Limited Liability Partnership, LLP Registration over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner’s misconduct or negligence.

    LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP Registration is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since, LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its lifecycle.Registration Arena is one of the leading company in LLP registration services in India.

    In addition to LLP registration, Registration Arena also offers a variety of business registration services like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration.The average time taken to complete a LLP registration is about 7 – 12 working days, subject to government processing time and client document submission.Get a free consultation on LLP registration and business setup in India by scheduling an appointment with an Registration Arena consultant.

    Choose LLP Registration because :-

    Double advantages- Forms Company and a Partnership
    • No partner will be liable for other partner’s misconduct
    • Incorporation is cheaper compared to a private limited company
    • Limits the liabilities of its partners
    • Less Government Intervention
    • Easy to dissolve or wind-up

    Advantages Of LLP Registration

    • Limited Liability
      Businesses often need to borrow money. In a General Partnership, partners are personally liable for all this debt. So if it cannot be repaid by the business, the partners would have to sell their personal possessions to do so. In an LLP, only the amount invested in starting the business would be lost; all personal property would be safe.
    • Reduced Compliance
      An LLP only requires audited annual returns to be filed if it has a turnover of greater than Rs. 40 lakh or capital contribution of over Rs. 25 lakh. It also needs to communicate fewer business transactions and structural changes than a private limited company.
    • Separate Legal Entity
      A LLP is a legal entity and a juristic person established under the Act. Therefore, a LLP has wide legal capacity and can own property and also incur debts. However, the Partners of a LLP have no liability to the creditors of a LLP for the debts of the LLP.
    • No limit on owners of business
      An LLP requires a minimum 2 partners while there is no limit on the maximum number of partners ; this is in contrast to a private limited company wherein there is a restriction of not having more than 200 members.
    • Owning Property
      A LLP being an artificial judicial person, can acquire, own, enjoy and sell, property in its name. No Partner can make any claim upon the property of the LLP – so long as the LLP is a going concern.
    • Taxation Aspect on LLP
      For income tax purpose, LLP is treated on a par with partnership firms. Thus, LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax. Thus no dividend distribution tax is payable. Provision of ‘deemed dividend’ under income tax law, is not applicable to LLP. Section 40(b): Interest to partners, any payment of salary, bonus, commission or remuneration allowed as deduction.
    • Dividend Distribution Tax (DDT) not applicable
      In the case of a company, if the owners to withdraw profits from company, an additional tax liability in the form of DDT @ 15% (plus surcharge & education cess) is payable by company. However, no such tax is payable in the case of LLP and profits of a LLP can be easily withdrawn by the partners.
    • Lower Registration Cost
      The cost of registering LLP is low as compared to cost of incorporating a private limited or a public limited company. An illustration can show the approximate cost involved in formation of private limited company and an LLP.

    Minimum Requirements For LLP Registration

    Minimum 2 Designated Partners
    Atleast 1 of the designated partners shall be an Indian Resident
    Minimum 2 Partners
    DPIN & DSC’s for all the Designated Partners
    Minimum Contribution of 2 Rupees

    Procedure for LLP Registration

    Provide Simple Details

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

    Provide Simple Details

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

    Obtain DSC and DPIN for LLP

    After submitting your documents we will apply for DSC and DPIN

    Obtain DSC and DPIN for LLP

    After submitting your documents we will apply for DSC and DPIN

    Name Search & Approval

    We shall make search as per names provided by you & then apply for LLP name approval.

    Name Search & Approval

    We shall make search as per names provided by you & then apply for LLP name approval.

    LLP Document Submission

    We will create all the required documents and file them with ROC for your LLP.

    LLP Document Submission

    We will create all the required documents and file them with ROC for your LLP.

    Your work is completed

    Once your LLP is incorporated, we shall send the relevant documents & DSC's

    Your work is completed

    Once your LLP is incorporated, we shall send the relevant documents & DSC’s

    Documents Required For LLP Registration

    TO BE SUBMITTED BY PARTNERS:
    Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
    Scanned copy of Voter’s ID/Passport/Driver’s License
    Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
    Scanned passport-sized photograph Specimen signature (blank document with signature [partners only])

    Note:: Any one of the partners must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).

    REGISTERED OFFICE ADDRESS PROOF:
    Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
    Scanned copy of Notarised Rental Agreement in English
    Scanned copy of No-objection Certificate from property owner Scanned copy of Sale Deed/Property Deed in English (in case of owned
    property)

    Note:: Your registered office need not be a commercial space; it can be your residence, too.

    What are factors one should consider in selecting name for LLP Registration

    The name of the LLP is very important. It is considered the first impression for the suppliers, buyers and the stakeholders. It must, therefore, be suggestive, relevant and attractive. There are various factors that one must keep in mind while naming the company.

    It must be short & simple:
    The name must be concise and not be too long. People should be able to say it easily and they should be able to recollect your company’s name the first time they read it or hear it.

    It must be meaningful:
    The name of the company should be related to the business. It must fit the LLP’s branding.

    It must be unique:
    The name of the company mustn’t be the same or identical to an already existing company or a trademark. One must preferably avoid the plural version.

    Add Suffix:
    The name of the company must end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” in case of a limited liability partnership.

    It shouldn’t be illegal / offensive:
    The name of the company shouldn’t be against the law. It shouldn’t be abusive or against customs and the beliefs of any religion.

    GOT QUESTIONS? GET A FREE CONSULTATION

    Compare Your Options

    Basic

    7498*
    • LLP Registration
    • LLP ROC Filing

    Standard

    11898*
    • LLP Registration
    • LLP Annual Compliance
    • Turnover upto 10 Lakhs

    Deluxe

    9997*
    • LLP Registration
    • GST Registration
    • Professional Tax

    Popular

    11496*
    • LLP Registration
    • GST Registration
    • Professional Tax Registration
    • Trademark

    Ultimate

    16495*
    • LLP Registration
    • GST Registration
    • Professional Tax Registration
    • Trademark
    • ISO Certification

    *Consultancy fees
    (government fees will be on actual)

    FAQ

    At least two partners are required for LLP registration. 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 us 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.
    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.
    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, it is much cheaper to run an LLP than a private limited company, particularly in your early start-up days. This is because many compliances, such as an audit, apply to LLPs only after their turnover is sizeable. Most LLPs spend about half as much as a private limited company in their first year on registrations and compliance work.
    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 partner in another company or LLP.
    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.
    Yes, Other entities such as Partnership firm, Private Limited Company, or unlisted public company would be able to convert themselves into LLP’s.

    No, one cannot convert an LLP into a Private Limited Company . The LLP Act, 2008 and the Companies Act, 2013, both don’t have any provisions on conversion of the LLP in a private limited company. However, if one wants to expand their business they can register a new Private Limited Company with the same name. The LLP Company needs to just issue a no objection certificate.

    There is no necessity or compulsion to contribute a minimum capital for a partner, as  per the Limited Liability Partnership Act, 2008 but their should be a profit sharing ratio among the partners.
    Only an individual can be Designated Partner and at least one designated Partner should be resident of India.
    Yes, DIN is online application signed by the applicant himself, for applying the DIN, signature of the applicant is required.

    DSC is the certificate in electronic format of to prove your identity required specially for e-forms or to sign certain documents digitally.

    No, only the Limited Liability Partnership whose contribution exceed Rs. 25 Lakhs or the Limited Liability Partnership whose turnover exceed Rs. 40 Lakhs are required to annually get their accounts audited by any Chartered Accountant in practice.

    To register a section 8 company, the applicant is required to file Form INC-1 for name availability. After the name is approved, there is a further need of obtaining a license for a Section 8 Company, for which the Form INC-12 is to be filed by such a company. After gaining the license number, the applicant can proceed further to incorporate a company by filing an e forms SPICe or INC-7 (in case number of subscribers are more than seven) along with linked forms as the case may be.

    What People Say About Us

    “We are associated with your team for last 4 years and we had an amazing experience with your team. Every single time our work has been completed within the given time line.Also the quality of service is excellent.Thanks”

    Rajendra Chaudhari • Senior Partner • Forgewell Industries

    “It was wonderful experience with Registration Arena during my company registration.Queries were addressed instantly through mails, phone calls; and the follow-up was just fantastic.Within a week of time my private limited was registered.There was no requirement of follow up at all.Also got instant help for opening bank account.Great work team Registrationarena ,would be more than happy to be associated with you guys in future.”

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    Shreya Gupta • CEO & Founder • Imperial Rubber Products

    Our Clients

    Why Registration Arena

    On Time Delivery

    Just tell us a few details about your brand and we’ll process your application. In three working days, you’ll be ready to use the symbol alongside your brand name.

    Transparent Pricing

    We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

    Tech Driven Platform

    Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.

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