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LLP Registration

Limited Liability Partnership

Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business organization that is simple to maintain while at the same time providing limited liability to the owners. 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. Therefore, all partners have a form of limited liability for each individual's protection within the partnership, similar to that of the shareholders of a corporation. However, unlike corporate shareholders, the partners have the right to manage the business directly. An LLP also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the LLP's employees or other agents. LLP is one of the easiest form of business to incorporate and manage.

REGISTRATION COST

Price: Rs 8,499/-

Inclusive of all taxes & govt. fees

 

100% Secured Payment with Pied Piper’s Money Back Guarantee

What You Will Get ?

DSC + DPIN

LLP Aggrement

PAN + TAN

CERTIFICATE OF INCORPORATION

 

 

DOCUMENTS REQUIRED FOR REGISTRATION

Directors & Shareholders

  • Passport Size Photo
  • Pan Card
  • Identity Proof ( Aadhar Card/ Voter Id Card/ Passport/ Driving License)
  • Address Proof ( Telephone Bill/ Bank Statement / Mobile Bill)

Registered Company Office

  • Latest Electricity Bill
  • Rent/ Lease Agreement ( Notarised )
  • NOC From The Owner Of The Property

 

 

 

 

HOW LONG DOES IT TAKE?

15-30 Working Days

 

DIGITAL SIGNATURE

1-5 Days

Digital Signature Certificate(DSC) and Designated Partner Identification Number(DPIN) is required for the proposed Partners of the LLP. DPIN and DSC can be obtained for the proposed Partners within 1 to 4 days.

NAME APPROVAL

4-10 Days

A minimum of one and a maximum of six proposed names must be submitted. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 10 working days.

CERTIFICATE OF INCORPORATION

1-5 Days

Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.

ADVANTAGES OF A LIMITED LIABILITY PARNTERSHIP

Separate Legal Entity

LLP form of organization has wide legal capacity and can own property and also incur debts. The Partners of a LLP have no liability to the creditors of a LLP for such debts.

Limited Liability

Partners are only liable for their share of money they invested in the company. the liability of the members in respect of the LLP's debts is limited.

Audit Not Required

LLPs are ideal for startups and small businesses As There Is No Requirement Of Audit if it has less than Rs. 40 lakhs of turnover and less than Rs.25 lakhs of capital contribution. LLP has the least compliances compared to other business entities

FREQUENTLY ASKED QUESTIONS?

Do I need to be physically present during this LLP Registration process?

No, LLP registration is a fully online process. 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.

How much time does it take to incorporate a LLP?

Pied Piper can incorporate a LLP for in 15-30 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your LLP and ensure you have all the required documents prior to starting the registration process.

What are the documents required for incorporation?

Identity proof and address proof is mandatory for all the proposed Partners of the LLP. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

Can a Salaried person become the director in LLP?

Yes, a salaried person become the director in LLP, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.

Is an office required to Register LLP?

No You can open a company to your residential address there is no requirement to have a commercial place to open up a company

What is the validity of incorporation of a Limited Liability Partnership?

The validity of a LLP depends upon the annual compliances that are needed to be met regularly. The moment the annual compliances are not delivered by the company, the LLP will become a Dormant and will be removed from the registration after a certain period of time

 

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