Limited Liability Partnership

Filling out the form is quick and easy and will provide you with numerous benefits in the long run. By this, you will be able to get consultation from our nareshv & associates CA/CS and will be able to get Guidance. So, why wait? Take the first step towards a bright future for your business and fill out the form today.

List of documents required for Limited Liability Partnership.

The partners has to provide the following documents:

• PAN card or passport (foreign nationals or NRIs)
• Aadhar card/ voter ID/ passport/ driving license
• Latest bank statement/ telephone bill/ mobile bill/ electricity bill/ gas bill
• Passport-size photograph
• Blank document with specimen signature

For the registered office:

• Utility bills
• Notarized rental agreement in English
• No-objection certificate from the property owner
• Sale deed/property deed in English (in case of owned property)

Step-1:
Prior to the starting of the procedure of registration, you have to apply for the DSC or digital signature certificate of the designated partners of the LLP.

Step-2:
Application shall also be submitted for the Director Identification Number or DIN for all the designated partners or also for those partners who propose to be designated partner of the LLP.

Step-3:
LLP-RUN or LLP-Reserve Unique Name form is filed for the reservation of name for proposed LLP which will be worked by the Central Registration Centre under Non-STP. But before the name is being proposed, it is always preferred to check the availability of the name or ensuring if the suggested or proposed name is taken by any other existing company on MCA portal.

Step-4:
Here in this step Incorporation of LLP take place,

• The form for incorporation of LLP incorporation shall be filed and submitted along with all needed documents to the Registrar of the state in which the registered office of the LLP is located.
• LLP registration fees payment must be done as per Annexure 'A'.
• In case of the person who is to be nominated as a designated partner does not have a DIN or DPIN, the entity can utilize this form also allows applying for the DPIN allotment.
• The application for allotment should be made only by two individuals.
• The application for the reservation may be done through FiLLiP too.
• Upon receiving approval for the proposed name, the approved name can be utilized by filling as the proposed name of the LLP or limited liability partnership firm in the registration form.

Step-5:
Thus, you reach the final step and now the filing or LLP or Limited Liability Partnership Agreement is done. LLP agreement is the major base or the agreement which would aid the LLP. This is because it would govern the mutual rights and duties of the LLP and its partners as well.

Major reasons why people tend to choose LLP as their Business Model:

• Limited Liability
• Separate Legal Entity
• Flexible Agreement
• Suitable For Small Business

Here are some of the benefits of LLP:

• Limited Liability
• Flexibility
• Taxation
• Increased Credibility
• Continuity of Business

The requirements for setting up an LLP in India in short include having at least two partners, a registered office address, a unique name with "Limited Liability Partnership" or "LLP", DPIN/DIN for partners, a partnership agreement, capital contribution, compliance with statutory requirements, at least two designated partners, digital signature certificates for partners, and relevant documents such as proof of address, identity and address proof of partners, and partnership agreement.