LLP is an extended version of Partnership firm. A partnership firm is the oldest forms of business and easy to form whereas LLP is the new form of corporate business available to the partners who wish to start small and medium enterprise that provides the benefits of limited liability of a company along with the flexibility of a partnership. Limited liability partnership is abbreviated as LLP; Solubilis offers the registration of LLP with the experts. LLP registration is quite easy, when compare to other form of business entity. We work to satisfy our clients need and make their registration process as simple and quick. We are the certified company who follows the norms and terms of government.
Company incorporation comes under the LLP act of 2008.
LLP has a legal entity differs from its members
LLP is form and function under the basis of an agreement; we can hold property and borrow money as a natural person
LLP has a perpetual succession and long term existence
There is a less legal complexity in forming, running and managing the LLP.
It is an adaptive organisation and best alternate to the partnership used by the business entity
LLP has the rights to merge, wound up and dissolved
Should mention their company name suffix as “LLP” to identify the entity
In LLP partners are considered as agent for the partnership firm
Pre Requisites:
Minimum two Partners required.
Proposed company is required to have registered office.
Capital to be decided.
Every Designated Partners are required to have a DSC (Digital Signature Certificate)
Every Designated Partners are required to have a DPIN ( Designated Partners Identification Number)
Proposed director & Shareholder - Indian Citizen:
PAN Card
Aadhar Card.
Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill (Latest)
Passport Size Photo.
Proposed director & Shareholder - Foreign National:
A Copy of Passport ( Notary and Apostille is required )
A copy of address proof ( Notary and Apostille is required )
A copy of nationality proof ( Notary and Apostille is required )
Two passport size photo
Register Office documents:
If the Office is rental, rental agreement is inevitable
Electricity bill (Not more than two months old required to be submitted)
Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.
Step 1: Name application:
An application is filed to be reserving the name of the company with the registrar of companies. Applicant is allowed to provide the choices of two names and one re-submission.
Step 2: Name Approval / Rejection:
On receipt of the application, CRC (Central Registration Centre) may either approve or reject the application.
Step 3: Application for DSC
Digital Signature Certificate to be obtained for all the subscribers and directors of the company
Step 4: Forms and Documents Filing:
Application for Registration of LLP has to be filed along with requisite documents and fees.
Step 5: Certificate of Incorporation:
On being satisfied, the registrar of companies (ROC) shall issue the certificate of incorporation.
Step 6: File LLP Agreement
The agreement must be filed in form 3 in online MCA portal within 30 days from the date of registration. The LLP agreement has to be print on stamp paper. The value of stamp paper is differs from the each state
FAQ'S
Limited Liability Partnership is a new form of business registration governed by Limited Liability Act, 2008. LLP is a separate legal entity and perpetual succession in line with private limited company. The major feature is liability of the partners is limited to the investment of capital amount. The partners are not personally liable for the debts of the company.
Minimum 2 designated partners are mandatory to from a limited liability Partnership. There will not be any maximum limit of partners prescribed for this LLP.
Limited Liability Partnership (LLP) registered in India must have a registered office - All communications will be sent to the address by Ministry of Corporate Affairs and other government concerns. The registered office of LLP can be anywhere in India. Copy of Electricity bill of premises required along with that rental agreement is required, if office taken on rent.
There is no capital limit to form a Limited Liability Partnership, We can start with a capital of even Rs.5000/-.
Normally registration of limited liability partnership takes 10 to 15 working days. But the processing time varies subject to the provision of documents by client and the time taken by MCA for approval.
Yes, A Company or a partnership firm can be converted into LLP
Yes, Foreign National / NRI can be designated partner in limited liability partnership, but it mandatory to have at least one Indian Resident to be Designated Partner.
LLPIN is a 7-digit alpha numeric registration number allotted by Ministry of Corporate Affairs, Government of India, to an LLP.
For example, AAA-0002 is the number allotted by the Ministry of Corporate Affairs to Companies Inn Consulting LLP, the first LLP registered online in India.
