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LIMITED LIABILITY COMPANY REGISTRATION (LLP)

@ Rs 5,999

ADVANTAGES & BENEFITS

Body Corporate

Just like a Company, LLP is also body corporate, which means it has its own existence as compared to partnership. LLP and its Partners are distinct entity in the eyes of law.

Liability

Both LLP and person, who own it, are separate entities and both functions separately. Liability for repayment of debts and lawsuits incurred by the LLP lies on it and not the owner.

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Perpetual Succession

3.An incorporated LLP has perpetual succession. Notwithstanding any changes in the partners of the LLP, the LLP will be a same entity with the same privileges, immunities, estates and possessions.

Easy Transferable Ownership

It is easy to become a Partner or leave the LLP or otherwise it is easier to transfer the ownership in accordance with the terms of the LLP Agreement.

Separate Property

The LLP is the real person in which all the property is vested and by which it is controlled, managed and disposed off. The property of LLP is not the property of its partners. Therefore partners cannot make any claim on the property in case of any dispute among themselves.

DOCUMENTS REQUIRED

PACKAGE INCLUSIONS

From all Designated Partners
  1. PAN Cardof all the partners (Self attested)
  2. Aadhar Cardof all the partners (Self attested)
  3. Two proposed names in order of preference (for ROC approval)
  4. Detailed description of the business activity to be carried out by the LLP
  5. DIN numbers (Directors Identification no) if available
  6. Mobile number & Email id (All partners)
  7. LLP contact details (if having different contact details other than partners contact)
  8. Monetary value of contribution for LLP    
  9. Address Proof-Latest Bank Statement/Telephone or Mobile Bill subscribed on the name of the proposed partner.
  10. Identity Proof- Voter’s ID/Passport/Driver’s License at the time of incorporation.
  11. (In case of NRI or foreign national as a partner): Passport should be notarized or apostilled as applicable by the relevant authorities.
  1. DIN for 2 Partners
  2. LLP Agreement
  3. Master File of all docs filed for Incorporation
  4. Digital Signature for 1 Partner
  5. LLP PAN Card
  6. Incorporation Certificate
  7. LLP TAN/TDS Number
For Proposed Registered Office (Residential or Commercial)
  1. Latest Electricity bill/Property tax or Telephone bill)
  2. NOC from the owner
  3. Scanned copy of Notarized Rental Agreement, if the property is on rent

FAQs

LLP Agreement is a written contract between the partners of the LLP or between the LLP and its designated partners. It establishes the rights and a duty of the designated partners toward each other as well toward the LLP.

LLP registration in India is 100% online process. We will send our person to your home or office for document signature.

Any individual, company or foreign national can be a partner in an LLP.

We register an LLP in around 10 business days.

According to the LLP Act 2008, a minimum of two designated partners is required to register an LLP. The designated partners are responsible for the overall operations of the firm.

Any no. of people can be appointed as a partner but at least 2 people must be named as a designated partner. Designated partners are responsible for doing all the necessary act and make sure that all the provisions are adhered to and compliances are done on time.

Designated partners must be individuals. Thus, in case all the partners are corporate bodies at least 2 such partners must appoint their authorized representatives as designated partners to the LLP.

Whatever partners to an LLP contribute to it to run the business is termed as a contribution. Contribution can be in the form of any of the following:

  1. Cash
  2. Promissory notes
  3. Agreements
  4. Tangible or Intangible Property
  5. Movable or immovable property etc.

The answer is yes. One can convert partnership firm or company registered under Companies Act, 2013 into a Limited liability Partnership.

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