Limited Liability Partnership

The word LLP holds immense significance in the corporate world and refers to Limited Liability Partnership which differs from Private Limited Company and General Partnership in terms of liability, protection, and cost. India has become one of the most attractive markets for start-ups, where LLP is one of the most usual business formations for startups. Just Scroll down and get Legalsuvidha Premium features to get your business registered as an LLP with no-fault, at the least cost, ensuring the successful completion of the process at your fingertips in your preferred place.

Get Started

100%

Client Satisfaction

4.9/5

Google Rating

Affordable

EMI Options

Best Compliance Firm For Your Company

Free Legal Advice

Experts Team

Tech Driven Platform

On-Time Delivery

Overview of Limited Liability Partnership

Limited Liability Partnership (LLP), introduced only in 2008, has quickly become a popular legal structure for businesses. As its name suggests, the liability of its partners is limited unlike the partnership firm along with the requirement of minimal maintenance. So, in case of any default, assets in the name of LLP are liable & not the personal assets of the directors. A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization and one partner is not responsible or liable for another partner’s misconduct or negligence.

As per company law, a Private Limited company is a limited liability company with a minimum of two and a maximum of 200 members. Although a Private limited company has limited liability and is a separate legal entity, at the same time it has all the advantages of partnership namely flexibility, the greater capital combination of different and diversified abilities, etc. Before opting for a private limited company, one must keep in mind:

• That Private limited company’s shares are not listed on stock exchanges & hence, cannot be freely traded.
• That the scope is limited due to restrictions in several shareholders but enjoys fewer legal restrictions.
• That the word “Pvt. Ltd.” must be suffixed in the name.
• That at least one designated partner should be an Indian Citizen.

Advantages of Limited Liability Partnership

NO MINIMUM CAPITAL No requirement of minimum paid-up capital required for starting a Private Limited Company.
EASE OF FORMATION A Private Limited Company can be easily registered and is easy to manage and run with less legal compliance’s.

Registration Process

Step 1: Before starting the process of registration, apply for the DSC or digital signature certificate of the designated partners of the LLP.

Step 2: Apply for the DIN of Director Identification Number for all the designated partners or those who propose to be designated partner of the LLP.

Step 3: LLP-RUN or LLP-Reserve Unique Name form is filed for the reservation of name for proposed LLP which will be worked by the Central Registration Centre under Non-STP. But before proposing the name, it is always good to check the availability of the name on the MCA portal.

Step 4: Here in this step Incorporation of LLP take place

    • The form for incorporation of LLP incorporation shall be filed and submitted along with all needed documents to the Registrar of the state in which the registered office of the LLP is located.
    • LLP registration fees payment must be done as per Annexure ‘A’.
    • This form also allows applying for allotment of DPIN, if the person who is to be nominated as a designated partner does not have a DIN or DPIN.
    • The application for allotment should be made only by two individuals.
    • The application for the reservation may be done through FiLLiP too.
    • If the proposed name is approved, then this approved name can be filled as the proposed name of the limited liability partnership firm.

Step 5: Filing of a Limited Liability Partnership Agreement is done. LLP agreement is an agreement that governs the mutual rights and duties of the partners and LLP.

Required Documents

For Directors & Shareholders

1. Self Attested PAN Card copy

2. Self Attested copy of any one of the Identity Proof(Voter’s ID/Passport/Driver’s License)

3. Self Attested copy of Address Proof in the name of the director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)

4. Passport-sized photograph

For Registered Office

1. Rent Agreement (Notarised: For rented property)

2. Sale Deed/Property Deed in English (in case of owned property)

3. No-objection Certificate from the property owner

4. Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill

Get Started

Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality

FAQ's Limited Liability Partnership :-

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after the incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.
ROC is a Government office with whom companies get registered. Every State has one ROC office except Maharashtra and Tamil Nadu where there are two ROC offices. In Maharashtra, companies are registered with Mumbai & Pune ROC. In Tamil Nadu companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi, there is only one ROC office, like at Bangalore, Hyderabad and so on.
No. Legal Suvidha Providers provides a complete online Company Incorporation process. All legal documentation with ROC and visits are done by Legal Suvidha Providers. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
No. Once the company is formed, it will be valid until it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by the ROC office (Ministry of Corporate Affairs). It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

Testimonials

What Our Clients Say About Us

In this Journey, we had gained the trust of many startups and businesses in India and stands with 4.9-star rating in google reviews.

Rajesh Srivastava
Rajesh Srivastava
Startup CEO
Read More
Great services and expertise. Highly recommended, Quick work and provided good support for the entire process. Made things very easier for us and I got my first ever Trademark for my product in just no time. I recommend their services to all the Startups for a hassle-free registration and other services. Again Thank You So Much Team Legal Suvidha... Good work...
Vijaya
Vijaya
Employee
Read More
Excellent service and has been very timely in response. They are very patient too and guided us with the right steps even though we approached them with very few days left before the deadline. I highly recommend them to other startups who need legal advice and do all the paperwork at the year-end. And we would approach them for all our future requirements as well.
Krish Mundarath
Krish MundarathBusinessman
Read More
We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. I will surely consider them for future work.
Inamul Hashmi
Inamul Hashmi
Businessman
Read More
Legal Suvidha filed my GST, Income Tax Returns for my business Happy by their service. They are Excellent, cost effective, efficient, co-operative & Genuine service providers keep up the good work in the future. Thank you for shaping my business in the right direction. I would suggest others to take up their services they are better than other competitions present in the market.
Previous
Next

Questions? Contact Us

Call us: +91 8130645164

Mail us: [email protected]

Subscribe To Our Newsletter!

Subscribe to our newsletter and stay updated.

Legal Suvidha App

Now all Professional Services in a Single Click !

Now get all the services required for your business packed in a single app.