register your limited liability partnership (LLP) with us
an overview of limited liability partnership registration
Limited Liability Partnerships (LLP) bring together the advantages of partnerships and limited liability companies. It began to take shape in India after January 2009 and became an instant hit with new businesses and professionals services. The purpose of the LLP was to offer a straightforward corporate structure that would benefit owners by limiting their responsibility.
Benefits of Limited liability Partnership
- Limited Liability
An LLP’s members are only partially responsible for the company’s debt. The partners’ personal assets won’t be considered in the event of insolvency. On the other hand, proprietorships and partnerships will have their partners’ and directors’ personal assets frozen if the business declares bankruptcy.
- Separate Legal Entity
The partners who make up an LLP are not related to one another legally. It has an unbroken existence and eternal succession, meaning that even if the partners part ways, the company will continue to operate. For the firm to dissolve, the terms of dissolution must be jointly agreed upon.
- Flexible Agreement
An LLP’s ownership can be easily transferred as well. It is simple to add someone as a designated partner, at which point ownership is given to them.
- Suitable for Small Business
LLPs with capital under Rs. 25 lakhs and annual revenue under Rs. 40 lakhs are exempt from formal audit requirements. As a result, LLP registration is advantageous for new and small firms.
Documents required for LLP registration
The following LLP Registration requirements has to submitted while registering a firm.
partners has to provide the following documents:
- PAN card or passport (foreign nationals or NRIs)
- Aadhar card/ voter's ID/ passport/ drving license
- Latest bank statement/ telephone bill/ mobile bill/ electricity bill/ gas bill
- Passport size photograph
- blank document with specimen signature
For the registered office:
- Utility Bills
- Notarized rental agreement in English
- Sale deed/ property deed in English
How to register an LLP online with Regilice
You can register LLP online through Regilice. We make LLP registration a simple process and elaborate below for your knowledge:
The directors’ DSC is required for submission of any online forms. Consequently, obtaining DSCs and DINs for two partners is the first stage in the process. We obtain the essential data from you and submit the paperwork on your behalf.
The name you intend to register under is simultaneously checked for availability and reserved for your LLP. On the MCA portal, you may look up name availability.
The registrar will only approve the name if the federal government does not find it objectionable. The name must not be similar to any trademarks, body corporates, LLPs, partnership businesses, or other existing entities.
The LLP agreement and other paperwork required for registration must then be drafted. A limited liability partnership’s LLP agreement is essential because it specifies the partners’ and the LLP’s respective rights and obligations. As a result, this agreement was carefully drafted by our professionals.
As soon as the LLP is registered by submitting Form 3 online via the MCA portal, the partners formally engage into the LLP agreement. Within 30 days of incorporation, this process must be completed.
Our group will submit the required paperwork to the registrar. You receive your LLP incorporation certificate and are almost ready to start operating your business once the registrar has approved all the papers and documents.
As soon as you get the incorporation certificate, we will apply for the PAN, TAN, and bank account for your LLP.