Limited Liability Partnership Registration
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Register your LLP hassle-free from wherever you are with our easy application process.
What is LLP?
Limited Liability Partnership (LLP) is a form of business that combines the benefits of both company and partnership. It offers its partners limited liability protection, which means that they are not personally liable for the debts and obligations of the LLP. At the same time, it allows them to manage the business together as per their agreement and share profits as per their contribution.
LLP registration in India is governed by the Limited Liability Partnership Act, 2008. To register an LLP, you need to follow these steps:
- Obtain a Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) for all designated partners of the LLP.
- Choose a unique name for your LLP and file an application for registration of the same with the Registrar of Companies (ROC) along with the necessary fees.
- Draft and execute the LLP Agreement that outlines the rights and duties of the designated partners and the terms of operation of the LLP.
- File form LLP-3 with the ROC within 30 days of the date of incorporation along with the LLP agreement and other relevant documents such as proof of address of the registered office, consent of partners, etc.
Once the Registrar of Companies verifies and approves the application, your LLP will be issued a Certificate of Incorporation, and you can start doing business as an LLP.
It is important to note that an LLP requires at least two designated partners, and one of them must be a resident of India. The designated partners are responsible for managing the affairs of the LLP and ensuring compliance with various statutory requirements.
Documents Required for LLP Registration
To register a Limited Liability Partnership (LLP) in India, the following documents are required:
- Address Proof – A copy of the latest electricity bill/ water bill/ telephone bill, etc. along with a No Objection Certificate (NOC) from the owner of the premises.
- Identity Proof – PAN Card/ Passport/ Voter ID card of all partners of the proposed LLP.
- Passport size photograph of all partners.
- Digital Signature Certificate (DSC) of all designated partners.
- Designated Partner Identification Number (DPIN) of all designated partners.
- LLP Agreement – A drafted agreement that outlines the rights and duties of the designated partners and the terms of operation of the LLP.
All these documents must be self-attested by the partners, and the LLP agreement needs to be notarized. It’s worth noting that the address proof must be in the name of the partner or leased in the company’s name, and the latest issued document should not be older than 2 months. The partners must have a valid PAN card as an identity proof, and the passport-size photographs must be clear and recent.
Frequently Asked Questions
An LLP is a type of business structure in which partners have limited liability, similar to a company, but also have the flexibility and tax benefits of a partnership.
Registering an LLP provides benefits such as limited liability protection, separate legal entity status, and easier access to funding and investors.
At least two partners are required to start an LLP in India.
The process for LLP registration involves obtaining Digital Signature Certificates (DSCs), Director Identification Numbers (DINs), filing the LLP Agreement, and obtaining a Certificate of Incorporation from the Ministry of Corporate Affairs.
The documents required for LLP registration include PAN card, Aadhar card, passport-sized photographs of partners, address proof, and utility bills.
Yes, a foreign national can be a partner in an LLP in India, subject to certain conditions such as obtaining a valid Business Visa and Director Identification Number (DIN).
Yes, it is mandatory to have a registered office space for an LLP in India, as all official communications and notices will be sent to this address.
Yes, an LLP can be converted into a Private Limited Company by fulfilling the legal requirements, including obtaining approval from its partners and the Registrar of Companies.
No, an LLP is not required to hold AGMs but needs to file annual returns with the Registrar of Companies.
No, partners are not held personally liable for the actions of another partner in an LLP, as each partner’s liability is limited to their contribution to the LLP.