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LLP Registration Registration
| Free LLP Name Search | Name Reservation |
| Free Consultancy | LLP Agreement |
| 2 DSC, PAN & TAN | DPIN of 2 Directors |
* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh, Sikkim
* Package includes one time application of Name approval.
Registration in just 20 - 30 Days
No Additional Government Fees
No Govt. Fees
Understanding LLP Registration as a Business Structure
Limited Liability Partnership (LLP) is a balanced structure, carrying benefits conventional partnership and still limiting personal liabilities of the partners. It is regulated as a contractual agreement between the partners under the Limited Liability Partnership Act, 2008. It has quickly become a popular choice for services and professional firms like Chartered Accountants, recruiting firms, consulting businesses, etc.
Difference between LLP & Partnership
Cost: The cost for registration of LLP is normally higher than the cost for registration of a partnership firm. LLP registration can be completed online through Implus Advisor at just Rs.7499.
Authority: LLPs are registered in India under the Ministry of Corporate Affairs, Central Government. Partnership firms are registered with the Registrar of Firms, Controlled by the respective State Government in which the firm is registered.
Limited Liability Protection: The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner's misconduct or negligence. A LLP also provides limited liability protection for the owners from the debts of the LLP. However, unlike private limited company shareholder, the partners of an LLP have the right to manage the business directly.
Number of Partners: LLPs and Partnership Firms must have a minimum of two partners to be registered. Post incorporation, a LLP can have unlimited partners. In case of a Partnership Firm, if the number of partners at any time reduces below the mandatory minimum of 2 due to death, incapacitation or resignation of a Partner, the partnership firm would stand dissolved. On the other hand, in case of a LLP, if the number of Partners reduces below 2, the sole Partner can still find a new Partner to fill the position without dissolution of the LLP.
Starting a Limited liability partnership firm in India can be made easy through Impluse Advisor. Our business professionals that consist of Chartered Accountants, Company Secretaries and others can aid you establish your LLP.
Documents of Designated Partners
- Two Colour Photographs of Each Partner
- PAN Card of Each Partner
- Identity Proof (Voter ID / Driving License/ Passport)
- Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Registered Address Related Documents
- Proof of Registered Office
- Utility Bill as Proof of Registered Address
- NOC from the owner of the premises
- Completely Filled Questionnaire
How an LLP is different from a Private Limited Company?
An LLP is known to have partners whereas a Private Limited Company features shareholders.
What happens to LLP in case of misconduct?
A partner who is behind the act of misconduct is held responsible for the act, and not the other partners.
What is Designated Partner Identification Number (DPIN)?
This unique number is allotted to an individual and remains valid for whole life. That individual needs to become a partner in any LLP.
What is the procedure to choose the name of an LLP?
The partners and consumers as well as competitors refer the LLP by its name. The name should not be similar with any existing company/ LLP and also with any Trademark. It should not include any word, prohibited by the Government or under any law prevailing in India. It is advisable to check on Google, MCA portal, MCA guidelines and trademark site the availability of company name.
When can I get the Certificate of Incorporation?
After submitting LLP incorporation details, the ROC issues certificate of incorporation if the details are correct.
How to file LLP agreement?
One can use the Form 3 to file an LLP agreement.
What is Digital Signature Certificate (DSC) and its role in company incorporation?
Giving by its name, it is basically a digital signature of a person and is needed for filing the e-forms of LLP setup electronically to Ministry of Corporate Affairs. Digital Signature Certificates or DSC or Digital Signature are being accepted by various government agencies and now is a statutory requirement in different applications. It is a useful way of electronically signing documents.
How much minimum capital is required for LLP incorporation?
There is no minimum capital requirement for LLP incorporation.
Is it necessary for partners to actively present during LLP incorporation?
No, they dont need to present in this case.
How much time it takes to incorporate an LLP?
The time consumed for LLP incorporation will depend on the filing of relevant documents by the client and speed of Government Approvals. To ensure a speedy process of incorporation, it is advisable to pick a unique name for your LLP and ensure you have all the required documents are provided before starting the incorporation process.
How many maximum numbers of partners can be there in an LLP?
In case of LLP, there is no limit on the maximum number of partners.
Can I convert an existing partnership firm or company into an LLP?
Yes, you can convert an existing partnership firm or company into an LLP. There could be several reasons behind this conversion.