LLP Registration in Eligibility, Documents & Procedure

Check out everything about LLP Registration in India: why it is needed, documents required and LLP Registration Process.

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Introduction

LLP or Limited Liability Partnership is one of the most preferable business structures as it offers benefits of both a company and Partnership firm. In order to start a LLP, partners need to follow certain guidelines such as at least 2 partners and 2 designated partners, etc. There are multiple documents needed to obtain along with the name approval. In this article, you’ll get complete details of LLP Registration in including eligibility criteria, documents required, procedure, time taken and benefits of LLP Registration.

What is LLP?

LLP or Limited Liability Partnership is a business structure that includes the benefits of a private limited company and a partnership firm. As the name suggests in an LLP, partners have limited liability. An LLP can be continued irrespective of any partner’s retirement, resignation or even death. An LLP is considered as the most suitable business structure as it is a separate legal entity and thus partners' personal assets are not liable for LLPs Debt.

Eligibility Criteria for LLP Registration in

In order to register our LLP, there are certain requirements which need to be followed:

  1. Minimum two partners are required to start a LLP and one of them must be an Indian Resident.
  2. Two designated partners are required and no corporate body can be a designated partner.
  3. LLP must have a registered office address to start working.
  4. No minimum and maximum contribution required to start LLP but there are some rules that should be followed by the LLPs to start working.

Documents Required for LLP Registration in

Following is the list of documents required for LLP Registration in

  1. Office Address: Proof of Official registered office of the LLP is required and it must not be more than two months old.
  2. NOC: In case of any rented property, NOC from the owner of the property is required.
  3. Identity Proof: PAN Card or Aadhaar Card of each partner is required to register an LLP.
  4. Address Proof: Address Proof of each partner’s residence is required. Any utility bill such as Electricity bill, Gas Bill, Telephone Bill or current bank statement can be used as an Address Proof.
  5. Passport-Size Photo: Passport size photo of the partners is required to register an LLP.
  6. Passport: In case of any NRIs, a passport is required.

Note: If the documents are not in english then they must be notarized or apostilled transaction copy shall be attached.

Process for LLP Registration in

The procedure for the LLP registration process are as follows:

Step 1

Name Reservation:

To start an LLP, the first step is to apply for a unique name which represents LLPs identity. To reserve the unique name for your LLP you need to file a RUN Form through MCA Portal. Also, the name of the LLP should end on “Limited Liability Partnership” or “LLP”.

Step 2

Obtain Digital Signature Certificate (DSC):

After the approval of the name, obtain digital signature certificate for all partners. If any partner has any valid DSC then there is no need to obtain DSC again.

Step 3

Obtain Designated Partner Identification Number (DPIN):

Once you obtain DSC for all partners, obtain DPIN i.e, Designated Partner Identification Number for all the designated partners of LLP.

Step 4

Filing of LLP Agreement:

After filing the Incorporation form, prepare the LLP Agreement including mutual rights and duties of partners. It is mandatory to file this agreement through form 3 online on MCA Portal within 30 days of the incorporation date.

Time Taken for LLP Registration in India

The LLP Registration usually took 7 to 10 working days to complete the registration process. But the time can differ from LLPs to LLPs. Following is the detailed Table for time taken for LLP Registration:

Activities Estimated Time
LLP Name Approval 2 to 3 Working Days
DSC Preparation 1 Working Day
LLP Agreement Draft and Form Filing 2 Working Days
LLP Registration Approval from MCA 2 Working Days

Fee Structure for LLP Registration in India

The fee structure for LLP Registration may vary based on several factors. Please contact our consultants for detailed pricing information tailored to your requirements.

Fees for LLP registration Amount in ₹
Professional Fee ₹ 1,999
DSC Making Charges per partners ₹ 1,499
Run + FiLLiP Form ₹ 843
Total ₹ 4,341

Note: Government Fee varies from state to state.

Benefits of LLP Registration

There are certain benefits partners can get through LLP Registration. Following are the benefits of LLP Registration:

  • Separate Legal Entity: LLP is a separate legal entity and separated from its partners. Also, it is approved by the government and thus it gains the trust of various stakeholders and customers as well.
  • No Minimum Capital: In order to start an LLP there is no minimum capital required which makes LLP the most favourable business structure.
  • Limited Liability: In LLP, partners have limited liability which means partners' personal assets are safe and will not be used to fulfil LLPs Debt.
  • Higher Flexibility: LLPs are a much more flexible business structure compared to others as they offer easy withdrawal of funds and also loans from third parties. All the functions and profit distribution are recorded in the agreement which makes the workflow easy and flexible.

Why Register Adda?

Register Adda is a trustworthy LLP registration consultant in. They have a team of CAs, CS & lawyers who are experts in recommending the right business structure customised to your startup requirements. The team will guide you through the process, pros, cost, time taken, & post incorporation compliance for starting a new LLP.

Conclusion

LLP Registration is one of the complex processes as it includes obtaining multiple documents such as DSC, DPIN or even Name Approval. LLP offers benefits of Company & Partnership but on the other side it includes compliances as well. It is better to choose the best suitable business structure for you depending on your business needs.

Frequently Asked Questions (FAQs)

How many partners are required to start an LLP?

In order to start an LLP, at least two partners and two designated partners are required.

What is the FiLLiP Form?

The FiLLiP Form or Form of Incorporation of Limited Liability Partnership is the incorporation form used for LLP Registration.

Is GST Registration compulsory for LLP?

GST registration for LLP is based on turnover and the services or goods that LLP offers. It is not a mandatory requirement.

Is there any minimum capital requirement for LLP registration in

For LLP registration in , no minimum capital is required, it can be established with the least possible capital.