LLP Registration
LLP Registration refers to the process of officially establishing a Limited Liability Partnership (LLP) in India. It involves submitting the necessary documents and information to the Ministry of Corporate Affairs (MCA) for approval. Once approved, the LLP is considered a separate legal entity and can conduct business activities as per the LLP agreement .It is a partnership firm established by a minimum of two partners who enter into an LLP agreement.
It’s a mixture of partnership firm and Company features.
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Under which act LLP registration formed ?
The Limited Liability Partnership Act, 2008 regulates the LLP in India. Minimum two partners are required to incorporate an LLP. However, there is no upper limit on the maximum number of partners of an LLP.
What is the process of LLP regitration ?
This is the whole process of LLP Registration:
- Obtain Digital Signatures Certificate (DSC): All designated partners of the LLP need to obtain digital signatures from certified agencies.
- File for DIN and DPIN: Apply for Director Identification Number (DIN) and Designated Partner Identification Number (DPIN) for the partners.
- Choose a Name: Select a unique name for your LLP and check its availability on the Ministry of Corporate Affairs (MCA) website.
- Prepare LLP Agreement: Draft an LLP agreement that outlines the rights, duties, and responsibilities of the partners.
- File Incorporation Documents: Submit the required documents, including the LLP agreement, to the MCA for Registration.
- Obtain Certificate of Incorporation: Once the MCA approves the application, you will receive the Certificate of Incorporation.
- Apply for PAN and TAN: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP.
what are the benefits of LLP registration ?
LLP Registration offers several benefits, such as:
- Limited liability: Partners’ personal assets are protected, and they are not personally liable for the LLP debts or liabilities.
- Separate legal entity: An LLP is considered a separate legal entity, allowing it to own property, enter into contracts, and be sued or sue in its own name.
- Management flexibility: LLP provide flexibility in management, as partners can determine how the LLP will be managed and how profits and losses will be distributed.
- Tax advantages: LLP enjoy certain tax benefits, including lower tax rates compared to companies, and partners can claim tax deductions for their contributions.
- Easy ownership transfer: LLP allow for easy transfer of ownership by admitting or removing partners, making it flexible for business succession planning.
- Perpetual existence: LLP have perpetual existence, which means they can continue to exist even if partners leave or pass away.
Who is eligible for LLP registration?
– When incorporating an LLP, you need a minimum of two partners. However, there is no maximum limit on the number of Out of the partners, at least two of them should be designated partners, and they must be natural persons. Additionally, at least one of the designated partners should be a resident of India. This ensures that there is local representation within the LLP.
– The eligibility for LLP incorporation is to be a resident of India, age must be 18 or above, must possess valid ID proofs, and at least two designated
– The minimum requirements for LLP Registration in India include having at least two partners, two designated partners, a unique LLP name approved by the ROC, and a registered office of the Securing the essential documents for LLP Registration is also a significant prerequisite.
What are the required documents for LLP registration?
Documents required for registering LLP in India, Documents of both partners, as well as the partnership firm, have to be submitted for LLP Registration.
- Id card
- Photograph
- Residence proof
- Director’s address proof
- Business address Documents of Partners
ID Proof of Partners : When you register an LLP, all the partners need to provide their PAN cards as ID proof. The PAN card acts as the primary ID proof for the partners.
Photograph : Partners should also provide their passport size photograph, preferably on white background.
Residence proof : Any of the following documents can be submitted as residence proof by the partner: voter’s ID, passport, driver’s license, utility bills not older than 2 months, or Aadhaar card. Utility bills can include telephone bills, mobile bills, electricity bills, or gas bills. It is important that the name and other details on the residence proof and PAN card are exactly the same. If there are any differences in the spelling of the partner’s name, father’s name, or date of birth between the address proof and PAN card, they should be corrected before submitting to ROC.
Proof of Registered Office Address : The proof of registered office needs to be submitted during registration or within 30 days of incorporation. If the registered office is rented, the rent agreement and a no objection certificate from the landlord should be submitted. The no objection certificate represents the landlord’s consent to allow the LLP to use the place as the ‘registered office’. Additionally, a utility bill such as a gas, electricity, or telephone bill must be submitted. The bill should include the complete address of the premises, the owner’s name, and should not be older than 2 months.
Digital Signature Certificate: A digital signature certificate needs to be obtained by one of the designated partners as all documents and applications will be digitally signed by the authorized signatory.
What we can offer ?
Accounting and Taxation Services
- Bookkeeping: Maintain accurate financial records and bookkeeping services.
- Financial Statements: Preparation of balance sheets, profit and loss statements, and cash flow statements.
- Tax Planning and Compliance: Manage tax filings, including income tax returns and GST (Goods and Services Tax) compliance.
- Audit Services: Conduct audits as per statutory requirements.
Legal and Regulatory Services
- Legal Advice: Provide legal guidance on contracts, agreements, and compliance issues.
- Intellectual Property (IP) Services: Assist in trademark registration, copyright protection, and IP strategy.
- Labour Law Compliance: Ensure compliance with employment laws, contracts, and HR policies.
IT and Technology Services
- IT Support: Provide technical support, cybersecurity solutions, and software implementation.
- Website Development: Design and maintain websites, e-commerce platforms, and digital presence.
Marketing and Branding Services
- Digital Marketing: Develop online marketing strategies, SEO (Search Engine Optimization), social media marketing, and content creation.
- Branding: Design logos, brand identity, and marketing collateral.
- Advertising: Plan and execute advertising campaigns and promotions.
Administrative and Support Services
- Virtual Assistant Services: Provide administrative support, scheduling, and customer service.
Document Management: Organize and manage important business documents and records.
Benefits if you get Services By The Blacktie Legal Services India LLP
Ø Peace of Mind: Knowing the process is handled by experienced professionals allows you to focus on your business planning and strategy.
Ø Increased Efficiency: The company’s expertise can save you time and effort in navigating the legalities.
Ø Reduced Risk of Errors: Their guidance can help ensure your application is complete and compliant, minimizing delays.
Ø Successful Registration: Their knowledge of the process can increase your chances of obtaining successful registration for your LLP.
Ø Navigate Complexities: Companies stay updated on the latest LLP Act regulations and ensure your application adheres to all legal requirements.
Ø Minimize Errors: Their experience can help avoid mistakes in the application or missing documents, potentially leading to faster approvals and fewer delays.