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LLP Registration

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    LLP Registration in Delhi, India

    LLP

    Rs.3,500

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    PVT,LTD

    Rs.5,299

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    OPC

    Rs.4,500

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    In 7 days | From Anywhere | At Single Click

    ENQUIRE NOW

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    The Limited Liability Partnership Act 2008 brought a new concept of business in India which is also known as Limited Liability Partnership or LLP. It is a better form of previous partnership firms which still exist. However, with LLP, the owners of the form get limited liability protection which helps the owners of the firm not to be responsible for the negligence or misconduct of another partner. This form of business provides the advantages of doing the business in both partnership ways and also, in a company way. The LLP firms can manage their firm seamlessly like the partnership firms which are very easy to manage. However, unlike the partnership firms, an LLP firm can scale the business just like a Private Limited Company.
    Are you looking to register for LLP Registration in India through the Limited Liability Partnership Act 2008? Then you are in the right place. At TaxOnTrack, we help ventures and firms to get registered under the Limited Liability Partnership Act 2008. We understand the technicalities and the legalities involved in registering a firm and with our help, you will be able to register your company in a seamless way. Our charges are very much affordable and comparatively reasonable. We have some of the most experienced professionals helping you in your endeavor of registering the firm. From start to end, we take the responsibility of guiding you thoroughly with every step and ensuring that your company gets registered properly. Moreover, we have worked with a wide number of clients who speak highly of us and also recommend us for the stunning work that we provided them. Therefore, there is no place better than TaxOnTrack to get your partner firm registered seamlessly under the Limited Liability Partnership Act 2008.

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    Advantages of Registering

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    Your Company as Limited Liability Partnership

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    Protection to the Asset

    YYou have to make sure that your asset gets protected in a proper way before joining or starting the firm. In this scenario, a Limited Liability Partnership firm can help you to protect your asset as it will be a separate entity from the partners. So, your asset will stay protected and you will do business easily.

    Better Flexibility

    The profit distribution in a Limited Liability Partnership firm happens according to the agreement among the partners. Also, the written agreement will show the partnership value of each partner ensuring greater flexibility in business. That is why LLP firms grow at a rapid pace.

    Improved Management

    As the partners of the Limited Liability Partnership firms know their limitations and responsibility through the written agreement, they also play an important part in the management of the firm. That is why most of the LLP firms get managed quite efficiently as there is a division of duty among the partners.

    A Legal Entity

    A huge positive of registering your company as a Limited Liability Partnership firm is that it will work as a legal entity itself. You will be able to buy, rent, lease, or appoint staff in its name and you will not be held accountable personally if things do not work well. Hence, many companies look to register as an LLP firm.

    Corporate Rights

    Limited Liability Partnership firms can also designate a couple of companies as members of the Limited Liability Partnership firm. However, in the case of LTD, one of the appointed directors has to be a real person in order to make the business function in a legal way.

    Varied Membership

    Running a Limited Liability Partnership firm is very much flexible as you have the option of appointing designated and non-designated members of the LLP firm. Therefore, you have the flexibility of operating the firm by having different levels of membership which is actually a great thing.

    Protection to the Name

    The name of the business plays a very crucial role in determining the fate of the business. That is why when you register your business as a Limited Liability Partnership firm, you get the opportunity of protecting the name of the business that you are registering as an LLP firm.

    Efficiency in Business Operations

    When you are running a Limited Liability Partnership firm, you tend to get a bit efficient in running your business operations. As the profit distribution is already determined in writing, you will have your partners working in unison for the betterment of the LLP firm.


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    The Process of LLP Registration in India

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    • Gather all the important and essential documents of the partners for the registration.
    • Get the DIN and DSC of all the directors of the firm by filling up the form online.
    • Submission of the forms along with the approval of the name of the business.
    • The process of reserving the name of the company will take around 2 to 6 and the directors have to wait patiently for that amount of time.
    • Filing of the incorporation form and submission of the documents along with the ROC.
    • Obtain the certificate of your LLP registration along with the valid stamp of the state.

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    Mandatory Documents

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    for the Registration of Private Limited Company

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    A copy of the PAN card of the directions with self-certification.

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    2 copies of the passport size colour photo of each director.

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    A copy of the bank statement or any utility bill of each direction’s name.

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    Mobile number or Email ID of each director with 2 to 3 proposed company names.

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    A copy of the business address proof for the registration of the business.

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    2 copies of the address proof with self-certification of all the directors.

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    For rented space, rent agreement, electricity bill, NOC from the landlord are needed.

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    For owned premise, sales deed, electricity bill with the owner’s name is needed.

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    FAQ

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    Frequently Ask Questions

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    What is a DSC for LLP?
    [vc_column_text el_class=”accor-black”]The full form of DSC is the Digital Signature Certificate. It is a thing that all the partners of an LLP firm must obtain before registering. As all the forms will be filled and submitted during the registration process digitally, obtaining DSC becomes a must. That is why the entire process of the LLP registration begins with the issuing of the DSC of all the designated partners.[/vc_column_text]
    What is DIN for LLP?
    [vc_column_text el_class=”accor-black”]The full form of DIN is Directors Identification Number. It is a unique number of identification for each of the directors of a firm registered with MCA. Moreover, without a DIN, nobody can obtain the post of a designated partner or director of a firm. Therefore, the primary duty of all the directors of a firm is to obtain DIN before the registration of the firm as LLP.[/vc_column_text]
    What is an LLP Agreement?
    [vc_column_text el_class=”accor-black”]In an LLP firm, the partners bind themselves through their mutual consents on the rights and responsibilities of the firm, capital investment ratio and profit-sharing ratio, etc. The partners then come up with a legal document explaining all of these which is known as an LLP agreement. After incorporation of the company as LLP, the firm has to submit a similar copy to the registrar, and if the firm fails to do that within 30 days of the registration, a charge of Rs. 100/- will be levied on the firm with each day of the delay.[/vc_column_text]
    What are the Accepted Documents as the Address Proof of the LLP Partners?
    [vc_column_text el_class=”accor-black”]During the time of the formation and registration of an LLP, there has to be a location designated as the address of the operation of the business for the newly formed and registered firm. The following are the accepted documents as the address from of the office where the LLP will function and these documents should not be more than 2 months old:
    • Gas Bill
    • Mobile Bill
    • Telephone Bill
    • Electricity Bill
    • Water Bill
    • NOC of the owner of the premise

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    What are the Accepted Documents as the Identity Proof of the LLP Partners?
    [vc_column_text el_class=”accor-black”]While registering a partnership firm under the Limited Liability Partnership Act, 2008, the following documents have to be submitted by the partners as identity proof:
    • Driving Licence
    • Passport
    • Voter ID Card

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    Which Forms the Partners of the LLP have to sign during the Registration of the LLP?
    [vc_column_text el_class=”accor-black”]The forms that the partners of an LLP firm have to sign for LLP information in India have to be done in an A-4 size paper in which the form will be printed and the signature of the partners should preferably be done with a blue ink pen. Here are the forms that the partners will have to sign:
    • Consent of all the partners for the incorporation of the LLP
    • Subscriber sheet for Registration of LLP

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    What is the Definition of “Limited Liability” for an LLP?
    [vc_column_text el_class=”accor-black”]The term “limited Liability” defines that the partners of the LLP firm are not personally liable to pay debts of the firm. Their sole obligation is the share of the capital in the LLP firm.[/vc_column_text]
    What are the Characteristics of an LLP Firm?
    [vc_column_text el_class=”accor-black”]Here are some of the characteristics of an LLP firm apart from the limited liability part which is explained above:
    • Irrespective of the partners leaving or joining the firm, an LLP will continue its functioning.
    • An LLP firm might get sued or can sue under its name.
    • An LLP is a legal entity and it is absolutely separate from its partners.
    • An LLP can also enjoy selling, owning, and transferring the rights of the properties to anyone under its name just like a partner

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    What sort of Businesses can be done under the Registration of LLP?
    [vc_column_text el_class=”accor-black”]Under Section 2(e) of the LLP Act, the definition of the word business has been provided which tells that a business includes profession, service, trade, and occupation. This definition does not include industries like manufacturing and production. Therefore, you should avoid pursuing businesses that do not come in the area of manufacture or production if your business model is based on the concept of an LLP.[/vc_column_text]
    Do I have to take NOC from the Landlord where the Business is Located for LLP Registration?
    [vc_column_text el_class=”accor-black”]To occupy any location as the registered address of an LLP, the firm has to obtain a NOC from the owner of the premises in which the registered office will be located. The submission of NOC at the time of registration of the LLP along with proof of ownership from the NOC provider has to be submitted. Without this, registration is not possible.[/vc_column_text]
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    WORDS

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    From Our Satisfied Customers

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