REGISTER A LLP

Keynotes on LLP Registration

  • It takes 10 to 15 days for LLP Registrations
  • Completely online service – No physical presence required
  • No minimum capital requirement

Ensure Quickest LLP Registration and Business Setup

A Limited Liability Partnership (LLP) offers distinct advantages over traditional partnerships, making it an attractive business structure. LLPs are among the easiest business entities to incorporate and establish. At Law Sarathi, we pride ourselves on being the market leader in LLP registration services. Our team of experienced professionals is dedicated to meticulously handling all LLP registration documents, ensuring that you avoid any potential legal issues.

In addition to LLP registration, Law Sarathi also offers a range of other business services, including private limited and public limited company registrations. While the submission of client documents and government processing times are important factors, we prioritize a quick turnaround to help you register your startup efficiently.

If you’re interested in learning more about the online LLP registration process, feel free to reach out to us. Our qualified and experienced LLP registration consultants are available for free consultations, guiding you on how to launch your LLP and expedite your startup establishment.

Don’t miss the opportunity for fast LLP registration and business setup. At Law Sarathi, we are committed to providing exceptional service to our clients every step of the way.

What is known as LLP registration?

A Limited Liability Partnership (LLP) is a specific type of business organization in India that offers significant advantages over traditional partnerships. LLP registration combines the benefits of both a corporation and a general partnership, making it an appealing choice for business owners.

Small and medium-sized enterprises, as well as professional service providers, often prefer the LLP structure. This registration is particularly popular among family-owned businesses or those managed by a small group of individuals.

The process of LLP registration involves formally incorporating the business organization by submitting necessary documents to the Ministry of Corporate Affairs to obtain a certificate of incorporation. It is advisable to undertake this process with the assistance of professionals to ensure compliance and efficiency.

LLP businesses in India are governed by the Limited Liability Partnership Act, 2008. Additionally, all LLPs must include the term “LLP” as a suffix in their name.

Advantages of LLP Registration in India

No Minimum Capital Requirement

There is no minimum capital requirement for incorporating an LLP.

Limited Liability

In an LLP, the liability of each partner is limited. This means that the personal assets of the partners are protected from being used to cover the company’s losses. Additionally, partners are not held accountable for the wrongful actions of other partners.

Easy Transfer of Ownership

Ownership in an LLP can be easily transferred. Unlike traditional partnerships, introducing a new partner does not affect the continuity of the LLP.

No Mandatory Audit

LLPs are not required to undergo an audit unless their annual turnover exceeds ₹40 lakhs or their capital contribution surpasses ₹25 lakhs.

Distinct Legal Entity

An LLP functions as a separate legal entity, maintaining its existence independently of changes in partnership. The addition or departure of a partner does not impact the LLP’s status, and the partners do not own the business assets.

Disadvantages of LLP Registration in India

Limitations of LLP Registration

While LLPs offer several advantages, there are some limitations to consider:

  • No Public Fundraising: Limited Liability Partnerships are not permitted to raise funds from the public.

  • Liability for Partner Actions: An LLP can be impacted by the wrongful actions of a single partner, potentially affecting all partners.

  • Limited Investment Appeal: Venture capital firms and angel investors often prefer not to invest in LLPs, favoring Private Limited Companies instead.

Minimum needs for registration of an LLP business

Requirements for LLP Registration

  • Minimum of Two Designated Partners: A minimum of two designated partners is required for LLP registration, with no maximum limit on the number of partners. These partners can be individuals or corporate entities.

  • Residency Requirement: At least one designated partner must be a resident of India.

  • Registered Office: Proof of address is necessary for the registered office, which can be either a residential or commercial location.

  • Digital Signature Certificate (DSC): A DSC is required for all designated partners.

    Required Information:

    • Email ID and mobile number
    • PAN and Aadhaar

Essential Documents for LLP Incorporation in India

Documents Required for LLP Registration

For All Designated Partners

  • PAN Card: A copy of the PAN card for each partner.

  • Identity Proof: Voter ID, driver’s license, or passport of the partners at the time of incorporation.

  • Address Proof: Current telephone/mobile bill and bank statement in the name of the proposed partner.

  • Passport: For foreign nationals or NRIs, a notarized copy of the passport is required as per applicable regulations.

  • Photograph: Passport-sized photographs of all directors and shareholders.

For the Planned Registered Office (Residential or Commercial)

  • Current Address Proof: Documents such as a property tax receipt, electricity bill, landline bill, or water bill showing the registered address.

  • No Objection Certificate (NOC): A NOC from the property owner.

  • Rental Agreement: If the property is rented, a scanned copy of the notarized rental agreement is needed.