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Company Registration India » LLP Registration
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LLP Registration
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Limited Liability Partnership is an incorporated business organization, which is a Body Corporate having the features of a Partnership Firm and a Limited Company. The management of LLP is defined by LLP agreement and partners have the freedom to regulate affairs of the LLP. Minimum two persons are needed to register a LLP and there is no restriction regarding maximum number of members.
Benefits of LLP
- Separate legal entity
- Limited Liability to partners
- Simple process of Registration
- Perpetual existence irrespective of changes in partners
- Less tax as compared to company
- No requirement of minimum capital contribution
- No restrictions as to maximum number of partners
Business Query Form
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Steps for LLP Registration in India
STEP 1 – DPIN and DSC
Apply DPIN (Designated Partner Identification Number) for every proposed Designated Partners (Minimum -2). At least one Designated Partner should have a valid Digital Signature.
STEP 2 – Apply for Name
Selection of business name is critical for the image of an organization. Select a name that reflects the planned business. Ensure selected name satisfy LLP Name Guidelines and file an online application.
STEP 3. Filing of LLP Registration Documents
After the approval of name LLP registration documents are filed. On study of documents filed, Registrar of LLP will register the LLP and certificate of Registration will be issued.
STEP 4. Documentation of and filing of LLP agreement and Consent of Designated Partners
With in 30 days from the date of Incorporation of LLP, partners of LLP have to execute the LLP agreement and same has to be filed with Registrar of LLP in Form 3 and the consent to act as Designated Partner/Partner has to be filed in Form 4.
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