LLP Registration

Ideal business structure for Small and Medium sized
Enterprises going for Partnership

What Is Included In Our LLP Registration Package?

DPIN, Digital Signature, Name Search, LLP, ROC

What is LLP Registration ?

LLP refers to limited legal responsibility partnership and is governed by using restricted legal responsibility Partnership Act 2008. restrained legal responsibility partnership affords a bonus of confined liability to its owners and at the same time calls for minimal maintenance. The administrators of a personal restricted corporation have restrained liability to creditors. In case of default, banks/lenders can best sell organisation’s assets and not personal property of administrators.

LLP Registration can be done through Salahkari.com in all Indian cities.

Choose LLP because

Dual advantages- Company and a Partnership
No partner will be responsible for other partner’s misconduct
Cheaper to incorporate than a private limited company
Limits the liabilities of its partners

Procedure For LLP Registration

Complete our Simple Form

You need to fill our simple company registration form and submit documents for formation of a company.

Obtain DSC and DPIN from us

After submitting your documents we will provide you with DSC and DPIN.

Verification and Name Approval

Details provided by you will be verified and then we shall apply for name approval.

Document Submission

We will create all the required documents and file them with ROC on your behalf.

Your work is completed

Once your company is incorporated, we shall send you all the documents and DSCs.

Limited Liability Partnership

Photograph of Partners
PAN Card of partners
Aadhar Card/Voter identity card of Partners
Copy of electricity bill/ landline bill, water bill-Not older than 2 months
Rent agreement (for rented premises)
NOC(No Objection Certificate)of owner -Format will be provided
Identity proof of owner of the place of business

What is LLP or Limited Liability Partnership?

Advantages of LLP

Separate Legal Entity

An LLP is a legal entity and a juristic person established under the Act. The partners are distinct from the entity and both can sue each other and get sued in the process.

Uninterrupted Existence

An LLP has ‘perpetual succession’, that is continued existence until it is brought on the terms of the dissolution by mutual agreement within the partners. Partners may come and go, but an LLP goes on.

Audit not Required

Entrepreneurs incomes a turnover of fewer than 40 Lakhs and a capital contribution of less than 25 Lakh need not get their debts audited. therefore, LLPs are ideal for startups and small businesses which can be simply beginning their operations and need to have minimal regulatory compliance related formalities.

Easy Transferability

The ownership of an LLP can be easily transferred to another person. All you need is to induct them as a Designated Partner of the LLP. LLP is a separate legal entity separate from its Managing Partners, so by changing the Managing Partners, the ownership of the LLP can be changed.

Owning Property

An LLP is a juristic person, can acquire, own and enjoy the property in its own name. And this is entirely distinct from its partners. No Partner can make any claim upon the property of the LLP so long as the LLP is a going concern.

Limited Liability

the biggest advantage is a restrained liability, this means that the popularity of being legally responsible best for a limited quantity of money owed of an LLP. unlike proprietorships and partnerships, in an LLP the legal responsibility of the individuals in appreciate of the LLP’s money owed is restrained. The non-public property of the administrators is secure if the business enterprise goes bankrupt.So it’s totally a win-win situation for you if you plan to step to move forward with a suffix LLP.

Steps Involved in LLP Registration

Application of DSC & DPIN :

Our very first step in this direction would be getting Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) for the proposed Partners of the LLP. Within a timeframe of 5 to 7 working days, DPIN and DSC can be obtained for the proposed Partners. If the partners already have DSC and DPIN, then this step can be skipped.

Name approval :

A minimum of one and a maximum of six proposed names are required to be given to the MCA. Subject to availability, naming guidelines and MCA processing time, we will get back to you with the Name approval within 5 to 7 working days. Names provided should ideally be unique and suggestive of company business.

MOA & AOA submission :

Once a name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement.

Get incorporation certificate :

Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time. Incorporation certification is a proof that company has been created. It also includes your CIN number.

Apply for PAN, TAN and Bank account :

Then you need to apply for pan and TAN. PAN and TAN are received within 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.

Concerns Related To Private Limited Company

Pvt. Ltd company requires few more ROC compliance translating into an additional cost of 5000 to 10000/annum.
Minimum capital required is Rs.100,000
The private limited company can have a maximum of 200 members.

Still, entrepreneurs prefer privately limited for the ease of share transfer and potential for future growth.

Factors To Consider In Company Name Selection

The name of your company is very important. It is the first impression to your buyers, suppliers, and stakeholders. It should, therefore, be relevant, suggestive and attractive. There are various factors that you should keep in mind while naming for your company.

Short & Simple

The name should be concise and not be too long. People should be able to pronounce it easily and they should be able to remember your company’s name the first time they hear or read it.

Meaningful

The name of your company should be related to your business. It should fit the company’s branding. For example, Infosys refers to information systems or IT technologies.

Unique

Name of your company should not be same or identical to an existing company or trademark. You can go to search. Salahkari.com to check if your company name is identical to others. You should ideally avoid plural version e.g., “Flipkart’s” or changing just letter Case, spacing or punctuation marks in an existing company name.

Suffix

The name of your company should end with the suffix “Private Ltd” in a case of a Private limited company and “LLP” is a case of a limited liability partnership.

Should not be illegal / offensive

The name of your company should not be against law. It should not be abusive or against the customs and beliefs of any religion.