🌸LLP Registration in India🌸

A Limited Liability Partnership (LLP) stands as a modern and beneficial business configuration. Merging the synergistic essence of partnership relations with the assurance of limited liability, an LLP provides an adaptable framework for entrepreneurs to jointly venture and innovate with assurance.

Facilitating the registration of your LLP in India becomes exceedingly straightforward with EYC International. Numerous enterprises rely on our expertise to assist them in registering their Limited Liability Partnerships while ensuring adherence to regulatory mandates. Our cadre of specialists will navigate you through the online registration procedure comprehensively. This method represents the swiftest and most economical avenue for LLP company registration—merely reach out to us. Initiate your journey now and pave the way for a prosperous business future through online LLP registration.

A Limited Liability Partnership (LLP) is a distinctive business structure that merges elements of both partnerships and corporations. In an LLP, partners enjoy limited liability akin to that of shareholders in a corporation, while also reaping the benefits of the flexibility and simplicity inherent in a partnership. This arrangement bestows the LLP with its own legal identity, enabling it to initiate or face legal proceedings independently of its partners.

LLPs have gained traction among entrepreneurs across various sectors due to their ability to protect partners’ personal assets and the relatively straightforward regulatory requirements compared to traditional corporations. Introduced in India in 2008, the concept of LLPs is governed by the Limited Liability Partnership Act, providing a reliable and flexible option for businesses of all scales.

LLP Registration Prerequisites and Eligibility Conditions

To qualify for LLP registration in India, you must meet the following criteria:

Minimum of Two Partners: Forming a Limited Liability Partnership in India requires at least two partners. There is no upper limit on the number of partners.

Designated Partners: Among the partners, at least two must be designated partners, who are natural persons. At least one of these designated partners must be a resident of India.

Nomination for Body Corporate Partner: If a body corporate is a partner, a natural person must be nominated to act as its representative.

Agreed Contribution: Each partner must contribute to the shared capital of the LLP as stipulated and agreed upon.

Minimum Authorized Capital: The LLP must have an authorized capital of at least Rs. 1 lakh.

Indian Resident Designated Partner: At least one designated partner must hold resident status in India.

By meeting these prerequisites, you can proceed with the LLP registration in India and enjoy the benefits of this business structure.

Characteristics of LLP

Legal Identity: Similar to large corporations, an LLP has a separate legal identity. This means it is considered a distinct “person” in terms of rights and responsibilities, separate from its owners.

At Least Two Partners: An LLP requires at least two individuals to establish it. This partnership aids in the collaborative setup and operation of the business.

No Partner Limit: Unlike some other business structures, an LLP has no maximum limit on the number of partners, facilitating growth and the inclusion of more partners.

Two Designated Partners: An LLP must have at least two designated partners who are natural persons, with at least one residing in India.

Limited Liability: A significant advantage of an LLP is that each partner’s liability is limited to their investment in the LLP. Personal assets are protected from business liabilities.

Cost-Effective Start: Establishing an LLP is less expensive compared to forming a large corporation, making it an attractive option for smaller businesses.

Fewer Regulations: LLPs are subject to fewer regulations and compliance requirements compared to large corporations, resulting in less paperwork and administrative burden.

No Minimum Capital Requirement: Unlike large corporations, there is no mandatory minimum capital requirement to start an LLP. Partners can invest according to their financial capability.

Advantages of LLP

The advantages of a Limited Liability Partnership (LLP) are detailed below:

Own Legal Identity: An LLP is recognized as a separate legal entity, similar to a large corporation. This independent status fosters trust and facilitates business operations, as it can enter into contracts and undertake legal actions in its own name.

Less Risk for Partners: Partners in an LLP are only liable for the amount they have invested in the business. They are not personally responsible for the LLP’s debts or losses, protecting their personal assets and reputation.

Saves Money and Time: Setting up an LLP is less costly and involves fewer regulatory requirements compared to larger corporations. This translates to reduced annual paperwork and administrative tasks.

No Fixed Money Needed: There is no mandatory minimum capital requirement for starting an LLP. Partners can contribute any amount they deem appropriate.

Disadvantages of LLP

While LLPs offer numerous benefits, they also come with certain drawbacks:

Compliance Penalties: Despite having fewer regulations, LLPs can incur significant fines for non-compliance. Even inactive LLPs must file annual returns to avoid penalties.

Minimum Partner Requirement: An LLP must have at least two partners at all times. If the number of partners drops below two for a period exceeding six months, the LLP is required to dissolve. Additionally, the inability to meet financial obligations may also necessitate winding up the LLP.

Funding Challenges: Unlike corporations, LLPs do not have the ability to issue shares. This limitation makes it difficult to attract substantial investments from external investors.

LLP Name Structure

When naming your LLP, select a unique name that is not already in use by other businesses. This aids in securing approval and establishing your distinct identity. Ensure the name clearly reflects the nature of your business, helping people understand your services or products. The name must end with “LLP” or “Limited Liability Partnership” to indicate the business structure and comply with registration requirements.

Documents Required for LLP Registration

To begin the LLP registration process, partners must provide the following documents:

PAN Card/ID Proof of Partners: Each partner must submit a copy of their PAN card or other identification proof.- Address Proof of Partners: Acceptable documents include Voter ID, Passport, Driver’s License, or Aadhaar Card.
Residence Proof of Partners: Recent documents such as a bank statement, telephone bill, mobile bill, electricity bill, or gas bill from the last 2-3 months.- Passport-size Photograph: A recent passport-size photograph with a white background.
For Foreign Nationals and NRIs: Foreign nationals and NRIs should submit their passport along with address proof such as a driving license, bank statement, residence card, or any government-issued identity proof containing the address.
Proof of Registered Office Address: This includes the landlord’s rent agreement and a no-objection certificate if the office space is rented, along with a recent utility bill (gas, electricity, or telephone) with the complete address and owner’s name.
Digital Signature Certificate (DSC): At least one designated partner must have a DSC for digitally signing documents.

Procedure for LLP Registration

The process of incorporating an LLP involves several key steps. Here is a comprehensive guide for online LLP registration:

Obtain a Digital Signature Certificate (DSC)
All proposed partners of the LLP must obtain a Digital Signature Certificate (DSC) as all government filings require digital signatures.

Obtain Director Identification Number (DIN)
Partners without a DIN need to apply for one. The DIN is a unique identification number assigned to individuals aspiring to become directors or designated partners in LLPs.

Choose a Name for the LLP
Select a unique and suitable name for your LLP registration online, adhering to Ministry of Corporate Affairs guidelines.

Form for Incorporation of LLP (FiLLiP)
This form collects essential information about the proposed LLP, partners, LLP agreement, and registered office address. It includes a declaration from partners consenting to act as designated partners and comply with LLP regulations.

Draft LLP Agreement
Create the LLP Agreement outlining partner rights, duties, and obligations. This agreement must be notarized and filed with the Ministry of Corporate Affairs within 30 days of incorporation.

Obtain a Certificate of Incorporation
Once forms and documents are filed and verified, the Registrar of Companies (RoC) will issue the Certificate of Incorporation, officially recognizing the LLP’s existence.

Apply for PAN and TAN
After obtaining the Certificate of Incorporation, apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP.

By diligently following these steps, you can complete your LLP registration online and embark on your entrepreneurial venture.

Effortless LLP Registration Made Possible with EYC International

EYC International is your reliable partner for the entire online LLP registration journey. Here’s how we can assist you:

Experienced Professionals: Our skilled team has extensive knowledge of LLP company registration. We provide you with precise information, ensuring you understand each step thoroughly.

Name Availability: We assist in checking the availability of your desired LLP name and reserve it in compliance with the rules.

DSCs and DINs: We help you obtain the necessary Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) required for the registration process.

LLP Agreement: Our experts assist in drafting a legally sound LLP Agreement. We also manage the filing of required documents with the authorities, ensuring accuracy and compliance.

PAN and TAN Application: We streamline the application process for your LLP’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

Customer Support: Our dedicated customer support team is available to address your queries, ensuring your LLP registration process is smooth and seamless.

Affordable LLP Registration Fees: Our LLP registration fees are designed to be cost-effective while offering high-quality services, including MCA name approval, instant filing, multiple name choices, and more for a seamless startup experience.

Timely Updates: We provide timely updates on the progress of your LLP company registration, keeping you informed at every stage.

With EYC International as your partner, you can confidently navigate the formation of your LLP. Our experienced professionals ensure a hassle-free experience, offering reasonable registration fees and comprehensive support from start to finish.

EYC International are Providing you with Services Related to the Incorporation of LLP in 8000 + Stamp Duty as Applicable. Grab the Offer and achieve your Dreams. ✨⭐

The Services Include: ✅

✅ Digital Signatures (Two Partners)
✅ DIN Of Partners
✅Filing of Incorporation Form
✅Issue of Incorporation Certificate along with PAN
✅LLP Agreement
✅Filing of LLP Agreement
✅GST Registration
✅MSME Registration

Please note that stamp duty will be paid by the Client.

✉️eycintl@gmail.com

📱+91 7891 00 7892

⏰Time Taken: 7 to 10 working Days⏰
💰50 % Payment advance, 50 % after work Completion💰