Procedure for LLP Registration in India

Limited Liability Partnership Registration

Before registering the LLP, you must know what is LLP?

Limited Liability Partnership (LLP) is a partnership firm which is registered under the LLP Act, 2008 with the Ministry of Corporate Affairs (MCA) through the Registrar of Companies (ROC). It is a partnership firm with limited liability means the partner shall not be personally liable for any debt or loss incurred by the LLP. It has its own sperate identity which means the partners of the LLP and the LLP are different from each other. There is no minimum capital requirement to start an LLP apart from this there is no maximum limit on the number of partners. The process of LLP registration is online.

What is the requirement of LLP Registration?

Before starting registration following conditions must be fulfilled:

1. Minimum two individual persons are required as a designated partner to register the LLP
2. At least one person shall be Indian Resident
3. The LLP must have the registered office address for registration where it receives all the documents and letters or other documents
4. There is no minimum capital requirement for starting the LLP
5. PAN is necessary for Indian Resident
6. One Id Proof is also required for Indian Resident (Voter Id/ Passport/ Driving License) and Adhar card
7. For resident address proof either bank statement/ electricity bill/ telephone bill/ mobile bill is required but it should be latest and not older than 2 months
8. For office address proof electricity bill or any other utility bill is required and it should also be the latest
9. And sale deed if owned/ rent agreement if the property is rented along with the NOC from the owner of the property.
10. If the partner is a foreign resident then his/her passport and other documents should be apostilled along with a business visa (may be asked by the department) is required.

Process of LLP Registration:

LLP registration is an online process and can be done in a few simple steps:

• Name Approval:

Name reservation is a very important step because the name of the business is the identity of the business and it should be approved by the government, so before filing the registration application the name should be reserved and for the reservation, a RUN application is filed. Once it is approved the name is reserved for 3 months for further procedure

• Digital Signature Certificate (DSC):

Without DSC an application for registration cannot be filed. Nowadays the government accepts only electronic signature in every form so the designated partner must have DSC before applying. So before submitting the application form DSC shall be created and for which the applicant has to do video verification, email verification and mobile verification

• Drafting of documents:

Once the name is approved by the government there are few documents are required under the reserved name. These documents are signed by the partners or designated partners of the LLP

• Final Submission

Once all above procedure is completed only final form needs to submit. The final application is filed in the FiLLiP form. The application is either accepted by the government or any query can be raised if the government thinks it fit. But when the application is accepted by the government a Certificate of Incorporation shall be issued in which the name, registration number and address is mentioned.

• PAN Application

After getting the certificate of incorporation a PAN application will be filed to the NSDL (Income Tax Department) then PAN will be allotted by the department

• Submission of the agreement

After getting the approval of the LLP the partners need to make the LLP agreement within 30 days from the date of registration and the same shall be submitted within 30 days, if any delay occurred in the submission of the agreement there is a penalty of Rs. 100/- per day till the default continues.

It is very easy to get the LLP registration online just visit www.registerexperts.com and get it done with 10–15 days without any worries.