What Is Limited Liability Partnership Registration?

Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The reason behind the introduction of the LLP was to provide a simple to maintain business entity along with giving the owners the advantage of limited liability.

As the name suggests, an LLP is ideal for the startups and small businesses because it gives each partner limited liability wherein they will only be entitled to pay the debts to a certain amount keeping their personal property in a safe zone.

The partners will not be responsible for the conduct & negligence of the other partner. On the more, all the partners have the right to manage the business directly. LLP is one of the easiest forms of business to incorporate and manage in India.

The process of incorporation is easy and time compatible with simple formalities. LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held.

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Benefits Of Limited Liability Partnership Registration

Separate Legal Entity

An LLP is a separate legal entity meaning that it has assets in its own name. The partners are distinct from the entity.

Limited Liability

An LLP has the advantage of Limited Liability meaning that the partners are legally responsible only to a limited amount of debts keeping their personal assets at a safe distance.

Flexible Transferability

The ownership of LLP can be easily transferred to another person and is entirely distinct from its partners.

No Audit Requirement

No statutory audit is required in case of an LLP. LLPs are ideal for startups and small businesses.

Limited Liability Partnership Registration Process

  • Fill in the LLP Form Document

  • Obtain the DSC & DPIN for the LLP

  • Get the LLP Verification & Name Approval

  • Get Your LLP Certificate

  • DIN for all the Designated Partners

  • DSC for all the Designated Partners

Private Limited Liability Partnership Registration Package Inclusions

  • Digital Signatures for 2 Partners

  • DPIN for 2 Partners

  • LLP Agreement

  • Certificate of Incorporation

  • ROC Fees & Pan Card

Minimum Requirements For Limited Liability Partnership Registration

  • Minimum 2 Partners

  • No Minimum Capital Requirement

  • At least one partner Should be an Indian Resident

  • Registered Office

  • DIN for all the Designated Partners

  • DSC for all the Designated Partners

Documents Required Limited Liability Partnership
Registration

  • Copy of PAN Card of Partners

  • Passport size photograph of Partners

  • Copy of Aadhaar Card/ Voter identity card

  • Electricity/ Water bill (Business Place)

  • Copy of Property papers (for the owned property)

  • Copy of Rent Agreement (for the rented property)

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