Limited Liability Partnership, known as LLP, is a balanced structure that offers the benefits of a conventional partnership firm and a company. LLP is governed under the Limited Liability Partnership Act, 2008. With lower compliance requirements and structured roles and responsibilities like a partnership, LLP also offers key benefits of a company structure like the limited liability of the partners and separate and perpetual legal existence. For that, LLP Registration is a popular business formation among services and professional firms like Chartered Accountants, Company Secretaries, Management Consulting Businesses, Recruiting Firms, and other services-based businesses.
Advantages of LLP:
- Partners’ liabilities are limited
- Operational flexibility
- Separate legal existence
- Lower compliance requirements
We at Wise Tax Filings make it easy and inexpensive to register your LLP. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for LLP registration:
Pan Card
PAN Card of all partners. Foreign nationals may provide passport.
Partners’ Address Proof
Aadhar Card/ Voter ID/ Passport/ Driving License of all partners
Photograph
Latest Passport size photograph of all partners
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
NOC from Owner
No Objection Certificate to be obtained from the owner of registered office
Rent Agreement
Rent Agreement of the registered office should be provided, if any
LLP Name Structure:
Helps in easy approval of name, and to create distinct identity.
Unique Name
Clearly communicate your business activity.
Business Object
The name of the registered LLP must end with LLP or Limited Liability Partnership as a suffix.
Constitution Type
Register LLP in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the information and drafting of documents.
3. Your LLP is registered.
It only takes 15-18 working days to register your business!
Day 1 -2
- Application for Digital Signature Certificate
Day 3-5
- Checking LLP Name availability
- Application for Name Reservation under “LLP-RUN”
- Reservation of LLP Name
Day 6-10
- Drafting the LLP incorporation document
- Filing application for LLP registration
- Application for DIN allotment of Designated Partners
- Certificate of LLP Incorporation
Day 11-14
- Application for PAN and TAN of LLP
- Drafting of LLP Agreement
Day 15-18
- Payment of Stamp Duty
- Filing of LLP Agreement
- Government processing time
Frequently Asked Questions:
What are the minimum requirements to register a LLP in India?
There must be at least two individuals to be appointed as Designated Partners, out of which one must be an Indian resident. Also, there is a pre-requisite to have an address of a business in India so as to register it as a registered office for your LLP.
Is there any minimum capital requirement for LLP registration in India?
No. There is no minimum amount prescribed to form an LLP in India. It can be started with any amount of capital demanded by the business. Although there is no minimum requirement, every partner must make a contribution financially to form LLP. The amount of capital contribution is disclosed in the LLP Agreement and amount of stamp duty is decided by the total contribution amount.
How to reserve the name for a Limited Liability Partnership?
LLP name availability is as an essential part for an online LLP registration. The name of an LLP is reserved through a web based form named “LLP-RUN” (Reserve Unique Name). The partners can provide maximum of 2 names in preferential order to reserve any one. The registrar may ask to re-submit the application with different name, if names do not fall under criteria of uniqueness, relevancy or does not fulfil the necessary requirements.
More Questions? Our Experts are here to help, fill out the form on this page or
Call us at: 1800 123 0000 or Email us: hello@wisetaxfilings.com