Limited Liability Company Registration

The perfect structure for professional services firms such as financial advisories and ad agencies.

Two DSCs & DPINs

The partners must be registered with the MCA.

Name Reservation

We will then help you pick a unique name.

LLP Agreement

We will draft your company’s constitution.

LLP PAN & TAN

We will send in a request to the NSDL.

Message us now to get started!




Frequently Asked Questions

1. What is the eligibility of designated partners/partners in an LLP?
2. I am an NRI. Can I start an LLP business in India?
3. What are the rules of starting an LLP?
4. What is an LLP agreement?
5. What is the minimum number of partners required to start LLP?
6. What kind of start-ups commonly register LLPs?
7. Is it cheaper to run an LLP than a private limited company?

What is a Limited Liability Partnership?

Limited Liability Partnership (LLP) in India took shape after January 2009, making it an instant success with startups and professional services. Limited Liability Partnership Registration, governed by LLP Act 2008 combines the benefits of a partnership with that of a limited liability company. LLP was introduced to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.

Steps to register LLP in India

STEP 1: OBTAINING DSC AND DIN

The first step is to obtain DSC of the desired partners of the Limited Liability Partnership. The reason for this is that all the forms need to be submitted online and require the directors’ digital signatures.

The law also requires that all directors file for a DIN number. The application has to be made in Form DIR- 3.

STEP 2: APPLICATION FOR NAME APPROVAL

This process involves registering the LLP. Before you do this, you would need to see if the name is already taken. You can check on the free search facility on the MCA portal. The registrar only approves LLP names that are not taken before.

STEP 3: LLP AGREEMENT

LLP agreement is very crucial in a limited liability partnership as it determines the mutual rights and duties amongst the partners, and between the LLP and the partners. The partners enter into the LLP agreement upon the LLP registration by filing form 3 online on the MCA portal. This procedure has to be done within 30 days of the date of incorporation.

STEP 4: LLP INCORPORATION CERTIFICATE

Once the registrar approves your MOA and AOA, you’re steps closer to getting your LLP registered. The next step is to get the LLP Incorporation Certificate. You can do by submitting all documents to the registrar. The time frame is between 2- 12 days. Once you get your LLP Incorporation Certificate, you’re ready to go.

STEP 5: APPLY FOR PAN & TAN & BANK ACCOUNT

As soon as you get the incorporation certificate, you need to apply for your company PAN & TAN with the NSDL. The cost for this procedure is less than Rs.200 and it takes around three weeks to get done.

SEPARATE LEGAL ENTITY

LLP is a separate legal entity from the partners. Each partner can sue the other in case a situation arises. It has an uninterrupted existence that follows perpetual succession, i.e., the partners might leave, but the business remains. A term of dissolution has to be mutually agreed on for the firm to dissolve.

SUITABLE FOR SMALL BUSINESS

LLPs having a capital amount less than 25 lakhs and turnover below 40 lakhs per year do not require any formal audits. It makes registering as LLP beneficial for small businesses and startups. An LLP can own or acquire property because it is recognized as a juristic person. Partners of LLP cannot claim the property as theirs.

FLEXIBLE AGREEMENT

Transferring the ownership of LLP is also simple. A person can quickly be inducted in as a designated partner and the ownership switches to them.