LLP Registration
LLP registration process in India is a completely online and can be completed in 10 days. The cost to register a LLP is Rs 5999. Limited Liability Partnership firm is best suited for traditional businesses. You cannot raise funds in LLP. BusinessSetup is a top rated legal consultant to assist you with LLP registration in Bangalore, Mumbai, Pune or any other city in India.
- Limited liability unlike partnership firm which has a unlimited liability
- They are very easy to maintain
- Completely online process
The main features of a Limited Liability Partnership are :
- You cannot raise funds through equity shares in LLP
- LLP cannot be converted into Private Limited
The disadvantages of the LLP are :
You should register a LLP if you are experimenting with your idea or it’s a family business. LLP registration is a completely online process an can be completed in 10-15 working days. We can assist you to register a LLP in any city in India including Bangalore, Pune, Mumbai, Delhi and Hyderabad.
What are the documents required to register a LLP?
- Pan Card
- Aadhar card/Passport/ License
- Bank Statement/ Mobile Bill / Utility Bill having address
- Completely online process
The documents required for LLP registration are as follows
The documents required from the partner and shareholders are:
- Electricity bill/Other Utility Bill of the proposed registered address
- NOC or rent agreement from the owner of the premises
Documents required of the proposed registered address are as follows:
Even if the partner is owner of the property NOC is needed from him
What are the steps to register a LLP?
The steps/procedure to register a LLP are
Step 1 : Applying for DSC (digital signature)
This is required to sign and submit the form online. It is also used to sign and upload the income tax returns and annual returns of the LLP. The digital signature is in a pen drive and can be obtained from vendors like E Mudhra or Sify. Digital signatures are to be applied for all the designated partners. Its not mandatory for the normal partners though
Step 2 : RUN-LLP application (Reserve Unique name- Limited Liability Partnership)
We can apply for 2 names. The names should be unique and should have the activity word mentioned in them. For example the name is divided in 3 parts
- 1st Part – Prefix
- 2nd Part – Activity
- 3rd – LLP
The name should be unique and should not be similar to the existing LLP, Company or trademark. The availability of the name can be checked on
http://www.mca.gov.in/mcafoportal/showCheckLLPName.do
Step 3 : Filing of form FillipThis is the final application form. We submit partner KYC documents, office address proof i.e. any utility bill of your proposed registered address, NOC of the owner
Preparation of agreement is the most important step here. We prepare a agreement send it for your review. The agreement
LLP registration can be completed in 10 working days and is a completely online process
- DSC Application
- Name Approval
- LLP Incorporation Form
- Pan and Tan
What is the process for LLP Company Registration?
The process is completely online and can be completed in 15 working days:
- Pan application – The man application can be done on NSDL site. It takes 3-4 days to get the PAN.
- TAN application – Its mandatory to get the TAN application done. This is required for TDS filing.
- Bank Account opening – Bank account is mandatory for business operations.
- GST registration – It is required if your turnover is more than Rs 20 lakhs per annum.
- Submission of LLP agreement – LLP agreement is to be submitted within 30 days of LLP incoproration.
What are the steps after the LLP is registered?
After the LLP is registered the most important steps are:
