Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) Registration Services

Limited Liability Partnership (LLP) combines the benefits of both a partnership and a private limited company by offering limited liability protection to its partners. Our LLP Registration Services provide complete support, from obtaining your Digital Signature Certificate (DSC) to filing LLP agreements and handling compliance. We ensure that your LLP is registered with the Ministry of Corporate Affairs (MCA) seamlessly.

Key Services:

ü  LLP Name Reservation and DSC Issuance

ü  Drafting and Filing of LLP Agreement

ü  MCA Filings and Annual Compliance

ü  Legal and Tax Compliance Assistance

Here's a structured overview of LLP registration in India, presented in points where necessary:

What is a Limited Liability Partnership (LLP)?

• An LLP is a hybrid business entity combining features of a company and a partnership.

• Introduced in India in 2008 under the LLP Act, 2008.

Characteristics of an LLP in India:

• Separate legal entity distinct from its partners.

• Limited liability for partners, restricting their liability to their agreed contributions.

• Perpetual succession akin to a company.

• Flexible organizational structure similar to a partnership.

• Minimal compliance requirements compared to companies.

• No minimum capital requirement.

Benefits of LLP Registration in India:

1. Low Cost and Compliance: Lower establishment costs and simplified compliance with only two annual filings.

2. Limited Liability: Partners are shielded from each other's liabilities.

3. Separate Legal Existence: Can enter contracts and sue or be sued in its own name.

4. Tax Advantages: Exemption from DDT and MAT, with a lower tax rate compared to companies.

5. No Minimum Capital Requirement: Can start with minimal capital contribution.

Checklist for LLP Registration:

ü  Minimum 2 partners.

ü  Unique business name.

ü  Digital Signature Certificates for partners.

ü  Registered office address proof.

ü  LLP agreement between partners.

ü  Capital contribution details.

Vital Documents Required for LLP Registration:

• Passport (for NRIs and Foreign Nationals).

• Proof of registered office address (NOC from landlord, utility bills).

• Partner identification and address proofs.

Procedure for LLP Registration in India:

1. Obtain Digital Signature Certificates (DSCs) for partners.

2. Reserve LLP name using RUN LLP.

3. File FiLLiP Form for LLP incorporation.

4. Draft and file LLP Agreement (Form 3).

5. Obtain PAN and TAN along with Certificate of Incorporation under new rules.

6. Complete other statutory registrations and compliances.

Different Types of LLP Forms in India:

1. FiLLiP Form (LLP Incorporation).

2. RUN LLP (Name Reservation).

3. Form 3 (LLP Agreement).

4. Form 8 (Statement of Account & Solvency).

5. Form 11 (Annual Return).

6. Form 24 (LLP Closure Application).

LLP Compliance:

• Annual filings include Form 11 (Annual Return) by May 30 and Form 8 (Statement of Account & Solvency) by October 30.

• Additional compliance like DIR-3 KYC for DIN holders and statutory audit if turnover exceeds Rs. 40 lakhs or capital exceeds Rs. 25 lakhs.

In the form of table