Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) is a hybrid business structure combining the advantages of a partnership and a company. It offers limited liability protection to its partners while providing operational flexibility. Registering an LLP in India is a straightforward process with Apnaa Filing, where we ensure a seamless and compliant registration journey for your business.

1. Partners

  • Minimum Partners: At least two partners are required to form an LLP, with one being a resident of India.
  • Maximum Partners: No limit on the maximum number of partners.
  • Designated Partners: At least two designated partners are mandatory, who are responsible for compliance and regulatory obligations.

2. Unique LLP Name

  • Naming Guidelines: The LLP name must be unique and comply with MCA (Ministry of Corporate Affairs) guidelines. It should not conflict with existing trademarks or entities.
  • Suffix "LLP": The name of the LLP must end with "LLP" or "Limited Liability Partnership."
  • Name Approval: Verify the name's availability on the MCA portal before proceeding with registration.

3. Registered Office Address

  • Valid Address Proof: A registered office address is essential, which can be either commercial or residential.
  • Supporting Documents: Recent utility bills (electricity, water, or gas), rent agreements, and a No-Objection Certificate (NOC) from the property owner, if applicable.

4. Required Documents for Registration

  • For Partners:
    • PAN Card: Mandatory for all Indian partners.
    • Aadhaar Card: Proof of identity and address.
    • Passport (for Foreign Nationals): Required for foreign partners.
    • Passport-sized Photographs: Recent photographs of all partners.
  • For Registered Office:
    • Utility Bills: Must be recent (not older than two months).
    • NOC from Property Owner: Required if the office is rented or leased.
  • Digital Signature Certificate (DSC): All designated partners must obtain a DSC for digital filings.
  • Designated Partner Identification Number (DPIN): Each designated partner requires a DPIN, issued during the registration process.

5. LLP Agreement

The LLP Agreement defines the roles, rights, and responsibilities of partners, profit-sharing ratio, and operational framework. The agreement must be filed with MCA within 30 days of incorporation.

Step-by-Step Registration Process

  1. Apply for DSC: Obtain Digital Signature Certificates for all designated partners.
  2. Apply for DPIN: Designated partners must apply for a Designated Partner Identification Number (DPIN) via the LLP registration form.
  3. Name Reservation: Submit the proposed LLP name on the MCA portal for approval, ensuring compliance with naming guidelines.
  4. Filing of Incorporation Form: File the incorporation form (FiLLiP) with MCA along with the required documents.
  5. Draft and Execute LLP Agreement: Prepare and sign the LLP Agreement outlining the roles and responsibilities of the partners.
  6. Certificate of Incorporation: After verification, MCA issues a Certificate of Incorporation, officially registering the LLP.

Key Points to Remember

  • Timeframe: Typically, the registration process takes 10-15 business days, depending on document verification and approvals.
  • Compliance Obligations: LLPs must file an annual return, statement of accounts, and income tax returns. Non-compliance can attract penalties.
  • Flexible Structure: LLPs allow operational flexibility and limited liability protection, making them ideal for startups and professional services firms.

LLP registration offers a professional and structured framework for your business, ensuring credibility, operational flexibility, and ease of compliance.

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