Online LLP Registration in India – Fast Track Your Business.
What is an Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a hybrid business structure combining the best of partnerships and corporations. It provides the flexibility of a partnership with the added benefit of limited liability protection, ensuring that partners’ personal assets remain protected from the liabilities of the business. Introduced under the LLP Act, 2008, it has quickly become the preferred option for startups, professionals, and small businesses looking for a simplified, low-cost business structure with fewer compliances.
Why Choose LLP Registration?
- Limited Liability: The personal assets of partners are safeguarded, and their liability is limited to their contribution to the LLP.
- Separate Legal Entity: The LLP has its own legal identity, separate from its partners. It can own property, incur debts, and be sued in its own name.
- Flexibility in Management: Unlike traditional companies, LLPs are not bound by stringent compliance requirements. This makes managing the business simpler.
- No Minimum Capital Requirement: There is no minimum capital requirement for LLP registration, making it easier for small businesses to start.
- Tax Benefits: LLPs enjoy several tax benefits compared to other business structures, including no dividend distribution tax and exemption from income tax on profits shared among partners.
Benefits of LLP Registration
- Cost-Effective: LLP registration is more affordable than incorporating a private limited company.
- Less Compliance: LLPs have fewer compliance requirements compared to companies, such as simpler annual filings and financial statements.
- Easy Ownership Transfer: The transfer of ownership in an LLP is easy and can be managed without complicated procedures.
- Perpetual Succession: The LLP continues its existence even after the partners’ exit, ensuring business continuity.
LLP Registration Process
- Obtain Digital Signature Certificate (DSC): All designated partners must obtain a DSC to sign documents electronically.
- Apply for Director Identification Number (DIN): Partners must apply for DIN through the Ministry of Corporate Affairs.
- Name Reservation: Choose a unique name for your LLP and apply for name approval through the RUN (Reserve Unique Name) service.
- Filing Incorporation Documents: Submit the incorporation form (FiLLiP) along with the necessary documents, including the LLP agreement.
- Certificate of Incorporation: Upon verification, the Registrar of Companies will issue the Certificate of Incorporation, officially registering your LLP.
- LLP Agreement: After incorporation, partners must execute an LLP agreement within 30 days, outlining the terms of operation and partnership.
Documents Required for LLP Registration
- For Partners:
- PAN Card and Aadhaar Card of all partners.
- Address proof (passport, voter ID, driving license).
- Passport-size photographs.
- For Registered Office:
- Proof of office address (rental agreement or sale deed).
- NOC from the owner of the premises.
Who Should Register an LLP?
- Startups seeking limited liability protection.
- Professional service firms such as law firms, architects, and consultants.
- Entrepreneurs looking for a low-compliance, flexible business structure.
- Small and medium-sized businesses planning to scale without the complexities of a private limited company.
Get Started Today!
If you’re looking to register your Limited Liability Partnership (LLP) in India, The Bapuji is here to help. Contact us today to start your registration process and enjoy the benefits of limited liability and operational flexibility.
Fill up this form and proceed to payment. After payment, send the payment screenshot to our WhatsApp number.You will be contacted by our team.
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