LLP Registration

Register Your LLP Online Today!!!

Get the benefits of a partnership & a company, register your Limited Liability Partnership at prices starting at Rs. 7,499 Onwards. Excellent business formation for small and medium-sized. Register LLP helps you to register:


  • Private Limited Company

  • Limited liability Partnership (LLP)

  • One Person Company(OPC)

  • Section 8 (NGO)

  • Nidhi Company (NBFC)


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LLP Registration

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What is Limited Liability Partnership?



  • LLP is the latest form of business where the features of a partnership are combined with the features of a company.

  • It is a partnership where all the partner’s have limited and disjoint liability, i.e. the personal assets of the partners cannot be utilized to pay off firm’s liabilities and individual partners have no joint liability created by another partner’s wrongful business decisions or carelessness.

  • Since, LLP contains elements of both a company and a partnership it is better known as a hybrid between a company and a partnership.

Get Complete details about LLP – Nature, Partners, Taxation, Conversion, Agreement, Provisions, Other LLP concepts, LLP eFiling, Integration of LLP with MCA21 System, etc. from the experts at LegalRaasta.


LLP (Limited Liability Partnership) Registration in India


LLP has been introduced in India by the means of the Limited Liability Partnership Act, 2008. LLP registration is regulated by MCA (Ministry of corporate affairs). LLP is registered with the ROC (Registrar of Companies).

LLP is a separate legal entity that offers the profit of limited liability of company also the compliance of partnership, wherein no partner is held responsible on account of other’s partner misconduct and their claims along with duties to be directed by LLP agreement. LLP Registration is ideal for Professionals, Micro and Small businesses that are family-owned or closely-held.

Limited Liability partnership gives the profit of limited liability to its owners and at the same time requires minimum maintenance. The owners of a private limited company have confined liability to creditors. In case of error, banks/creditors can only market the company’s assets and not the assets of directors.

An LLP also provides limited liability protection for the owners from the liabilities of the LLP. Therefore, all partners in an LLP have a set of limited liability protection for all individual’s protection in the partnership, linked to that of the shareholders of a private limited company.

Why choose LLP?

There are 4 main reasons to choose LLP:


  • Double benefits Company and a Partnership

  • No partner will be accountable for other partner’s misconduct and misleading

  • Inexpensive to incorporate than a private limited company

  • Restricts the liabilities of its partners

An application to register LLP has to be done online at the e-filing system. Another option is to apply for LLP registration with us to get it done easily. We will look after the procedure of LLP in more clear and careful form.


Eligibility for LLP Registration



  • Minimum 2 Shareholders

  • One director needs to be an Indian Resident

  • DSC (Digital Signature Certificate) for 2 Promoters & 1 witness

  • Minimum 2 Directors

  • Minimum Authorised Share Capital 100,000 (INR One Lac)

  • The directors and shareholders can be same person

  • DIN (Director Identification Number) for all Director



Choose from different company options


Pvt Limited Company

  • DIN for 2 Directors

  • DSC for 2 Directors

  • Name search and name approval

  • MOA/AOA

  • ROC registration Fees

  • Company Pan Card


LLP Registration

  • DPIN for 2 Partners

  • Digital Signature For 2 Partners

  • Name search & approval

  • LLP Agreement

  • ROC registration Fees

  • LLP Pan Card


OPC Registration

  • DIN for 1 Director

  • Digital Signature For 1 Director

  • Name approval

  • MOA/AOA

  • ROC registration Fees

  • Company Pan Card


Section-8 Company

  • DIN for 2 Partners

  • Digital Signature For 2 Directors

  • Name search & approval

  • MOA/AOA

  • Registration Fees

  • Company Pan Card

Nidhi Company

  • DIN for 3 Directors

  • Digital Signature For 3 Directors

  • Name search & approval

  • MOA/AOA

  • Registration fees

  • Company PAN Card

How to incorporate LLP Online?


Step 1: Obtain DSC (Digital Signature Certificate)

It’s necessary to apply for a Digital signature of the designated partners before starting the LLP Registration process. The DSC is important as every the documents for LLP are recorded online and are asked to be digitally signed. Also, you must obtain either class 2 or class 3 category of DSC.

Step 2: Apply for DIN (Director Identification Number)

The application for DIN is mandatory for every designated partner or planning to become partners of LLP. The DIN application has to make in Form DIR-3.

Step 3: Name Approval and its Reservation

The LLP name approval is an important step to establish an LLP company. LLP-RUN (Limited Liability Partnership-Reserve Unique Name) is filled for the reservation of the name given by LLP that cab further is processed by the Central Registration Centre under Non-STP.

Step 4: Incorporation of LLP

For the Incorporation of LLP the FiLLiP (Form for incorporation of Limited Liability Partnership) form is to be filled with Registrar who has control over the state in which the listed office of the LLP is located. Along with this the form also asks for applying for allotment of DPIN.

Step 5: File Limited Liability Partnership Agreement

LLP agreement oversees the mutual rights and duties amongst the partners and also among the LLP and its partners. LLP agreement must be registered in form 3 within 30 days of the date of incorporation online on Portal.

It takes 15- 30 working days (approx.) to complete the Limited Liability Partnership Registration procedure. The timeline may differ depending on responses from ROC department.

Necessary forms in LLP Registration



  • RUN – LLP – A form for reserving a name for the LLP

  • FiLLiP – A Form for LLP incorporation

  • Form 5– Notice for change of name

  • Form 17– For the conversion of a firm into LLP application and statement

  • Form 18– For conversion of a private company or unlisted public company into LLP application and statement



Selection process for LLP Name


The Registrar of Companies (RoC) has circulated naming guidelines for LLPs. You must follow the rules strictly or your application may end up getting rejected, pointing to a very long process.

Meaningful

The name of your LLP Company must be associated with your business. It must satisfy the company’s branding. For example, Lakme means is the French version of Sanskrit Lakshmi and it’s a makeup brand for women.

Short & Simple

The name of LLP needs to be precise and not be too long. Easy pronunciation for people and they can remember the company name at first look.

Unique Component

The name of your company must not be identical or same to an existing company, business or trademark. You need to ideally avoid plural version e.g., “Flipkart’s” or changing just letter Case, spacing or punctuation marks in an existing company name.

Blacklist

Abstracts, adjectives and generic words are rejected. The words bank, exchange and stock exchange will also be denied.

Suffix

The name of your LLP Company must end with the suffix “LLP” is a case of a limited liability partnership.

Should not be illegal or offensive

While choosing up an LLP name make sure you don’t go against the law. It should not be offensive or against the customs and beliefs of any religion and doesn’t hurt anyone’s respect.

Difference between a Private, Public and One Person Company ?

Basis Pvt. Ltd. Public Ltd. One person Company
Ownership Owned privately by group of private individuals. Owned jointly by the general public. Owned privately by one person.
Members Min. 2
Max. 200
Min. 7
Max. no limit
Min. 1
Max. 1
Directors Min. 2
Max. 15
Min. 3
Max. 15
Min. 1
Max. 15
Listing/Invitation to public Unlisted on Stock exchanges/cannot invite public to subscribe to its capital Listed on stock exchanges/can invite public Unlisted on Stock exchanges/cannot invite public to subscribe to its capital
Certificate of incorporation Not required ,business can be commenced without it. Required, business cannot be commenced without it Required, business cannot be commenced without it
General meeting no statutory requirement to hold any general meetings statutory requirement to hold any general meetings statutory requirement to hold any general meetings
Audit Tax audit if annual turnover >40 lakhs
Statutory audit compulsory
Audit of accounts is mandatory. Tax audit if annual turnover >40 lakhs
Statutory audit compulsory
Registration time 10-20 days Less than 30 days 10-20 days
Registration Register Pvt Ltd Company Register Public Ltd Company Register OPC

Frequently Asked Questions

  1. What is LLP Registration?

    LLP(Limited Liability Partnership) Registration is a regular procedure where 2 LLP Partners form an LLP Incorporation Entity with restricted liability.

  2. How to get LLP Registration done?

    The way to obtain the LLP Registration is simply fill-up the LLP Registration Application Form and with the basic details of the company. Make the payment only by cards, net banking, UPI, etc and get an instant confirmation email or call for starting the LLP Registration Process.

  3. How much it cost to get that LLP Registration?

    The LLP Registration is a simplified process if you get it done with our portal the starting cost for LLP Registration id Rs.6,500. It usually depends on o the service you take like DIN, DSC along with registration process.

  4. What is the process to get LLP Registration?

    1. Get the Designated Identification Number (DIN)
    2. File Digital Signature Certificate of Designated Partner
    3. Filling of Form 1 for Name Availability
    4. Filing of Form 2 for Incorporation Document
    5. Drafting of LLP Agreement
    6. Filing of Form 3 i.e LLP Agreement

  5. What is the document required for LLP Registration?

    The Documents required for the LLP Registration PAN Card of Director and all partners, address and ID proof of all partners.

  6. Why there is a need for Digital Signature Certificate?

    A Digital Signature Certificate is a secure digital sign that is issued by the certifying officials to verify and confirm the identity of the person carrying this certificate. Digital Signatures make usage of the public key encryptions to generate the signatures.

  7. Who is the Registrar of Companies (ROC)?

    Registrar of Companies is a Government office with whom companies get registered and every state has one ROC office.

  8. What is the LLP Agreement?

    LLP agreement is the deal that is signed and executed between the partners of LLP. The LLP agreement is to be submitted to ROC( Registrar of the company) for incorporating it.

  9. Do LLP registration offers any tax benefit?

    Yes LLP registration does offer a tax benefit that is Dividend distribution tax and Minimum alternative tax.

  10. What Do you mean by LLP Annual Filling?

    LLP Annual filing covers the parts such as Annual Return Statement of the Accounts or Financial Statements of the LLP Income Tax Returns Filings.

  11. What are the registration formalities relating to LLPs?

    LLPs shall be registered with the Registrar of Companies (ROC) (appointed under the Companies Act, 1956) after following the provisions specified in the LLP Act. Every LLP shall have a registered office. An Incorporation Document subscribed by at least two partners shall have to be filed with the Registrar in a prescribed form. Contents of LLP Agreement, as may be prescribed, shall also be required to be filed with Registrar, online.
    Contents of LLP Agreement or any changes made therein, if any, may be filed in Form 3 and details of partners/designated partners may be filed in Form 4 in accordance with LLP Rules, 2009. If you apply for LLP registration with us, you will not have to worry about any formalities we will do every formality for you.

  12. Whether foreigners can incorporate LLP?

    Yes, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India. However, the LLP/Partners would have to comply with all relevant Foreign Exchange Laws/ Rules/ Regulations/ Guidelines.

  13. What are the broad provisions of the Act in respect of the names of LLPs?

    Every limited liability partnership shall have either the words “limited liability partnership” or the acronym “LLP” as the last words of its name. LLPs would not be given names, which, in the opinion of the Central Government, are undesirable. Registrar would be under obligation to follow such rules, which would be framed by the Central Government in connection with allotting names to LLPs. There are also provisions in respect of ‘rectification of name’ in case two LLPs have been registered with the same name, inadvertently.

  14. For what period a name can be reserved by Registrar?

    The name can be reserved by ROC on approval of Form 1, for a period of 3 months from the date of intimation by the Registrar. However, Foreign LLP/Companies have an option to reserve their existing names, under which they are operating outside India, for a period of 3 years in India, which can be further renewed on application to Registrar in Form 25.

  15. Can LLP give any other address (besides its registered office) for the purpose of receiving communication from Registrar?

    It has been provided in the Act that a document may be served on a LLP or a partner or designated partner by sending it by post or by any other mode (to be prescribed under Rules) at the registered office and any other address specifically declared by the LLP for the purpose in such form and manner as may be prescribed (in the rules). Thus, an LLP shall have option to declare one more address (other than the registered office) for getting statutory notices/letters etc. from Registrar.