LLP Registration

Number of members

   Minimum -02

   Maximum- No Limit

The following can be partner in an LLP:

1. Companies incorporated in India and outside India
2. Individuals residing in India and outside of India
3. Limited Liability Partnership in India and outside India

In case of Designated Partner: One of the two designated partners must be a resident of India. Being a resident of India means a person who has been in India for at least 182 or more days in the previous year.

Benefits of a Limited Liability Partnership      

• There is no requirement of minimum capital for its registration: Minimum capital is not required for LLP, so that small entrepreneurs get the opportunity to grow their business.
• Audit is not mandatory for the LLP: There is no requirement of audit. But audit has mandatory in two circumstances: 1. if the contribution of Limited Liability Partnership exceeds Rs. 25 Lac or 2. Annual turnover of the LLP exceeds Rs. 40 Lac.
• There is no restriction on the maximum number of members: Any number of members can join the LLP. In a private company, the maximum number of members is banned, but in the LLP is not restriction on the maximum number of members.
• LLP is easier to build than other business organizations: It can be created more easily than a public Limited company and a Private Limited Company as LLP gets more exemptions than companies.
• It has all the qualities of a Public Limited Company: There is no restriction on the maximum number of members in a LLP like a public limited company and it also has a separate legal entity. It also helps a lot in business operations like a public limited company.

Documents required for a Limited Liability Partnership

The following documents are required to register a limited liability partnership:

• PAN card of all partners
• Aadhar card or Driving license or passport
• Passport size photograph of all partners
• Bank statement
• Registered office address proof (Rent agreement or Electricity Bill)
• Stamp paper for LLP agreement
• No – objection certificate

Registration process of a Limited Liability Partnership

For the registration of an LLP it is necessary to be the above all documents, after that the following steps are taken to register a limited liability partnership:

• Appoint at least two designated partners: At least two people are required to operate an LLP which is required for its registration. An individual person cannot build an LLP.

• File the required documents electronically: Fill all the detail given in the form with carefully and correctly.
• Get a Designated Partner Identification number (DPIN) of each designated person: DPIN is an evidence of legal validity to a designated partner. This is an important document to register an LLP. MCA assigns DPIN at the time of submission of the application. The following documents are required for get DPIN

1. PAN card 
2. Aadhar Card
3. Bank account
4. Rental agreement or electricity bill for address proof of head office.

• Obtain a Digital Signature Certificate (DSC) List of documents is given Below:

• PAN Card
• Aadhaar Card
• Electricity Bill or Rent Agreement
• Bank account Statement 1^st page (signed by the bank)
• Application form filled and signed
• Photo ID card issued by any government authority bearing the signature of the individual

• Name Approval: It is necessary to choose the name of the organisation while registering. This name should not be similar to any other company or firm name only then this name will be recognised.
• Prepare LLP Agreement: This is an extremely important document of LLP. All the things related to its partners and business is return in it. The following important things are written in LLP

• Name of the all partners
• Name of LLP
• Address of the LLP and all partners
• The terms and conditions related to contribution and interest.
• Salary of partners
• Profit sharing ratio
• Rights and duties of Partners
• Rules and regulations of LLP
• The proposed business.
• Audit of Accounts: Whether or not the audit books of the firm should be audited and if done, how to appoint the auditor.

• File the required documents electronically: Fill all the detail given in the form with carefully and correctly.
• Get a Designated Partner Identification number (DPIN) of each designated person: DPIN is an evidence of legal validity to a designated partner. This is an important document to register an LLP. MCA assigns DPIN at the time of submission of the application. The following documents are required for get DPIN:

1. PAN card
2. Aadhar Card
3. Bank account
4. Rental agreement or electricity bill for address proof of head office.

• Obtain a Digital Signature Certificate (DSC)

 List of documents is given Below:

• PAN Card
• Aadhar Card
• Electricity Bill or Rent Agreement
• Bank account Statement 1^st page (signed by the bank)
• Application form filled and signed
•  Photo ID card issued by any government authority bearing the signature of  the individual

• Name Approval: It is necessary to choose the name of the organisation while registering. This name should not be similar to any other company or firm name only then this name will be recognised.
• Prepare LLP Agreement: This is an extremely important document of LLP. All the things related to its partners and business is return in it. The following important things are written in LLP:

• Name of the all partners
• Name of LLP
• Address of the LLP and all partners
• The terms and conditions related to contribution and interest.
• Salary of partners
• Profit sharing ratio
• Rights and duties of Partners
• Rules and regulations of LLP
• The proposed business.
• Audit of Accounts: Whether or not the audit books of the firm should be audited and if done, how to appoint the auditor.

• Apply for the certificate of incorporation: It is mandatory to submit it to the registrar within 30 days after the LLP agreement is created. When all the requirements related to the formation of LLP given under the act are fulfilled, the registrar will keep the documents related to the formation. Within 14 days after registering it, a certificate will be given that the LLP has been formed with the name specified in the documents.

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