A Comprehensive Guide to LLP Registration in India: Requirements and Process
Introduction
If you’re considering starting a business in India and want to protect your personal assets, Limited Liability Partnership (LLP) registration is an excellent choice. In this blog, we will walk you through the key aspects of LLP registration in India, including documents requirements, minimum partners requirements, and registered office requirements. Whether you’re a startup enthusiast or an established entrepreneur, understanding the LLP registration process is crucial.
LLP Registration in India
LLP Registration in India is a streamlined process designed to offer entrepreneurs the benefits of a partnership while limiting personal liability. To embark on this journey, let’s delve into the LLP registration requirements, step by step.
- Minimum Partners Requirement:
- LLPs in India require a minimum of two partners to be registered., making it suitable for small and large businesses alike.
- Documents Required for LLP Registration:
- PAN Card: All partners involved in the LLP must have a PAN card.
- Address Proof: Partners should provide address proof such as Aadhar card, passport, or voter ID. & bank statement or Utility bill is compulsory.
- Passport-sized Photos: Recent passport-sized photos of partners are needed.
- Registered Office Address Proof: Documents showing ownership or consent for using the office space are necessary.
- Phone No. Email Id : Phone no. & email id & education qualification details is mandatory.
- Registered Office Requirement:
- A physical office address is mandatory for LLP registration in India. This address will be used for official communication. As proof of registered office Proposed LLP should submit Rent Agreement if premises of Registered office taken on lease or rent, If the proposed registered office premises owned by the Designated partners or partners or relative of partners or designated partners then there is no need to execute rent agreement , owner partner or owner designated partner may give a No objection certificate for using his/her premises as registered office of proposed LLp.
LLP Registration Process
Now that you understand the basic requirements, let’s outline the LLP registration process in India.
- Name Reservation: Choose a unique name for your LLP. Make sure to check its availability on the Ministry of Corporate Affairs (MCA) website. The name should include the acronym “LLP” to indicate its limited liability partnership status.
- DSC: Partners must obtain Digital Signature Certificate (DSC) for online filing.
- Filing Documents: After Name approval Filip form for LLP Registration will file with registrar of companies.
- Payment of Fees: Pay the applicable fees for LLP registration and stamp duty.
- Certificate of Incorporation: Once the ROC is satisfied with your application, you will receive a Certificate of Incorporation. This document signifies the successful registration of your LLP.
- LLP Agreement: Within 30 days of incorporation, draft and file the LLP Agreement, which outlines the rights and obligations of partners. LLP Form 3 should be used for this purpose.
Conclusion
In conclusion, LLP registration in India is a straightforward process that offers entrepreneurs the advantage of limited liability.