LLP has a separate legal entity like companies
The liability of each partner of LLP is limited to the contribution made by the partner
The cost of LLP formation is low
Less compliance and regulations
No requirement of minimum capital contribution
Limited Liability Partnership
LLP Registration In India
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DIN & DSC for 2 partners
Bank account opening documents
LLP Deed
PAN & TAN
LLP registration with government
Limited Liability Partnership
Basic Information
LLP or Limited liability partnership is governed by the Limited Liability Partnership Act, 2008. Limited Liability the partnership has basic features like a partnership firm but also provides the advantage of limited liability to its partners. Minimum partners required for LLP formation is 2.
Features of LLP are:
Features of LLP are:
LLP has a separate legal entity like companies
The liability of each partner of LLP is limited to the contribution made by the partner
The cost of LLP formation is low
Less compliance and regulations
No requirement of minimum capital contribution
LLP Registration Process:
Apply for DSC
Apply for DIN in theform DIR-3
Name Approval Application in the form LLP-RUN
Incorporation Application in the form FiLLip
File LLP Agreement in form 3
Make a payment of LLP registration fees
How you can do LLP Registration online?
You can apply for limited liability partnership registration easily with CAONWEB in reasonable LLP registration fees. At CAONWEB you can find the best professionals for services of LLP registration in India in reasonable LLP registration fees. You have to follow these steps for limited liability partnership registration:
Step 1
Go to our site and choose professionals providing services of LLP registration in India as per your location and requirements.
Step 2
Select LLP Registration Service and complete our query form.
Step 3
Our team will contact you and guide you about the LLP registration process and documents required for LLP incorporation.
Step 4
Then you are required to submit the required documents for LLP incorporation.
Step 5
We will process your documents and complete the filing process with MCA and your incorporation certificate will be issued within 20-25 days.
What are the documents you have to submit for LLP Registration online?
Documents of Partners:
ID Proof of the Partners (PAN Card)
Address Proof of the partners (Voter ID/Aadhar Card/Driving License)
Passport (in case of Foreign Nationals/ NRIs)
2 Photographs of each Partner
Documents of LLP:
Proof of Registered Office Address (Electricity Bill/Telephone Bill/Bank Statement)
llp incorporation Digital Signature Certificate
How it's Done?
Duration: The duration for the whole process will be minimum 15 days.
Complete our Query Form
LLP name availability search
Documents submission
Filing of application with MCA
Obtain Incorporation certificate within a week
Documents to be submitted?
ID Proof (PAN Card)
Address Proof 1(Voter ID/Passport/Driving License)
Address Proof 2(Electricity Bill/Telephone Bill/Bank Statement)
Aadhar Card
2 Photographs of each partners
Frequently Asked Questions
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1. How LLP is different from a partnership firm?
Partnership firm and partners are not regarded as separate legal entities and partners are personally liable for an unlimited amount of liability of partnership firm. But, in LLP, partners are not personally liable as the liability is limited to the capital contribution of the partner.
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2. What are the main advantages of LLP?
Considered as a separate legal entity.
The right of owning property is in its own name. Also, the transfer becomes easy.
The life of LLP does not depend on partners. It has perpetual existence. It can be dissolved only by promoters.
Partners are not liable for any liabilities of LLP, As LLP in itself is a separate legal entity. One partner is not liable for the misconduct of another partner.
Funding becomes easier as Banks and financial institutions give you loan easily if you have LLP. -
3. For what type of business LLP is most suitable?
LLP is suitable for small and medium businesses.
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4. Who can become a partner in LLP?
Any a person whether be it an individual or a body corporate can become a partner in LLP./p>
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5. What is the LLP Agreement?
LLP agreement is signed and executed among the LLP partners. The LLP agreement must be submitted to roc for incorporating the same.
