Limited Liability Partnership (LLP) Registration

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Limited Liability Partnership

Limited Liability Partnership or LLP is the Business Entity which is managed by the small group of people. The minimum number of persons required to form a Limited Liability Partnership is two members whos would be known as Partners and Designated Partners. Just similar to a Private limited Company, Limited Liability Partnership is also a separate legal entity. The Liability of the partners of the Limited Liability Partnership is limited to the partners contribution amount as agreed under the LLP Agreement. While comparing with a Partnership, the liability of the Partners under the Partnership is unlimited whereas in case of Limited Liability Partnership, the liability of a partner is limited upto the amount contributed as per the LLP Agreement.

How to Register Limited Liability Partnership

The concept of Limited Liability Partnership was introduced in India in the year 2008 in accordance with the provisions of the Limited Liability Partnership Act, 2008. LLP is one of the most popular model of registered business in India. Limited Liability Partnership is registered under the Limited Liability Partnership Act, 2008. Limited Liability Partnership is Governed by Registrar of Companies, Ministry of Corporate Affairs (MCA). Any two or more people can register Limited Liability Partnership who becomes the Partners and/or Designated Partners of the LLP. To register an Start-up under the Start-up India Scheme, Limited Liability Partnership is the most preferred form of business.

Register Your Limited Liability Partnership

SetupTrade.com is always available to help you to register your Limited Liability Partnership across India at very effective price. Our well-trained team of professionals is ready to support you 24×7 to register your Limited Liability Partnership and to complete the compliance at very competitive price. You may book a call for free consultation from our professional team and resolve your queries / enquiries free of cost. Our experts shall help you to prepare the required documents and obtain the registration of Limited Liability Partnership.

Benefits of Limited Liability Partnership

Brief about benefits

Separate legal entity

Unlike a Partnership, Limited Liability Partnership have separate legal entity from its Partners or Designated Partners. The identity of a LLP is not related to the Partners of the LLP..

Perpetual succession

Limited Liability Partnership enjoys the perpetual succession which means it does not influence by the death, insolvency and bankruptcy of its Partners.

Ownership

Limited Liability Partnership is owned by its Partners. The Partners of the LLP contributes in the Capital Account and controls over the Partners' Capital Account

Limited Liability BENEFIT

The liability of each Partners of the LLP is limited whereas the liability of the Partners under Partnership Act is unlimited.

Numbers of Members

Minimum 2 persons are required for the Incorporation of Limited Liability Partnership. The two persons may be individual or any organisation.

Board of Designated Partners

The affairs of the Company are managed by the Board of Designated Partners of LLP. The Designated partner may be a Partner or any other person as appointed by existing all the Partners..

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Our Working Process

1. Book Free Consultation

Our Experts are available to consult you freely. Book a call back and get free consultation over queries.

2. Share Documents

Once satisfied with our consultation, arrange and share all the required documents with us.

3. Payment Online

Choose an easy mode and make online payment to enable us to process your assignment.

4. Filing with Authority

When all the documents are completely ready and our payment is done, we shall proceed with Authorities.

5. Assignment Completed

As soon as authority gives approval, your assignment is completed.

Congratulations from us..!!

Documents Required

CHOOSE THE PERFECT PLAN

Choose the most suitable plan for to start the process of Incorporation of your Proposed Limited Liability Partnership in India

Starter

₹ 5,499 /-

2 Class III Digital Signatures (DSC)
2 Director Identification Number (DIN)
LLP Name Application (4 Names)
LLP Deed Preparation
Incorporation Certificate
Government Fee
PAN Number

(2 Indian Designated Partners, 2 Partners and Capital Contribution of Rs. 1,00,000)

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Master

₹ 7,499 / -

3 Class III Digital Signature (DSC)
3 Director Identification Number (DIN)
Separate Name Application (4 Names)
LLP Deed Preparation
Incorporation Certificate
Government Fee
PAN Number
TAN Number
Resolution for f Bank Account
First Auditor Appointment Resolution
GST Registration
Basic Incorporation Kit

(3 Indian Designated Partners, 3 Partners and Capital Contribution of Rs. 1,00,000)

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Grand

₹ 19,999 / -

5 Class III Digital Signature (DSC)
3 Director Identification Number (DIN)
Separate Name Application (4 Names)
LLP Deed Preparation
Incorporation Certificate
Govenment Fee
PAN Number
TAN Number
Resolution for Bank Account
First Auditor Appointment Resolution
GST Registration
GST Return (12 months) (100 Entries per month)
MSME Udyog Aadhaar Registration
Trademark Application in 1 Class
Accounting upto 150 Entries
1st Year Income Tax Return Filing upto turnover of Rs. 40 Lakhs
1st Year ROC Annual Return Filing
Premium Incorporation Kit
24x7 Premium Support

(3 Indian Designated Partners, 5 Partners and Capital Contribution of Rs. 1,00,000)

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* The Packages includes the Government Fee for incorporation of LLP and for Form of filing of LLP Agreement with ROC. For all other e-forms Government Fee shall be charged separately on actual basis.

#Notes:

Class 2 digital signature is for 2 year validity.
Upto 4 name can be applied in 1 RUN form for name approval request.
Capital Contribution can be even Rs.2.
For incorporation of LLP Agreement, an additional stamp duty will be applicable as per concerned State Stamp Act.
The Grand Package includes 100 Entries only for GST Return filing, not for Accounting purpose. For Accounting upto 300 entries shall be managed by our team.
For Partner more than the prescribed in the package, Additional Shareholders can be added for an additional price of Rs.1000 each.
Fee for Statutory Audit is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. SetupTrade.com will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
The Statutory Amount of GST or Income Tax is exclusive of the package and shall be born by the Company.

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More About LLP

Brief about benefits

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Frequently asked questions

How Can I register a Limited Liability Partnership (LLP) in India?

SetupTrade.Com is always available to help you to Register a Limited Liability Partnership in India. Just Choose your plan, make payment and our team shall start the process of incorporation of your Limited Liability Partnership.

How many People are required to Register a Limited Liability Partnership?

Any 2 (Two) or more people can apply for Registration of Limited Liability Partnership in India.

How much Capital is required to Start a Limited Liability Partnership?

A Limited Liability Partnership may be registered with any amount of Capital. However, the amount of Capital Contribution can never be zero or nil.

What is the meaning of Capital Contribution?

Capital Contribution of a LLP is the Total amount of Contribution given contributed by the Partners of a LLP.

What is the Ratio for Capital Contribution?

Partners of the LLP can contribute the amount as Partners’ Capital in the ratio as mutually decided by them and written in the LLP Agreement.

What is the Difference between Partner and Designated partner?

Partners are the owners of the LLP who have invested in the Capital of the LLP. Individual or any organisation can become Partners in a LLP. On the other hand, Designated Partner is an Individual Person appointed to manage the day to day affairs and management of the LLP. A Partner may or may not be the Designated Partner.

How much time is required to Complete the Incorporation Process?

Generally, 10-15 days are required to complete the process of incorporation of a Company. However, in some cases the time may vary.

Can NRI or Foreign Entities become the Shareholder or Director in Indian Company?

Yes, a Foreign Entity or NRI can become the shareholder of the Company. However, an Individual only can be appointed as a Director of a Company. Hence, no foreign entity can Become Director in Indian Company.

What is the Difference between Registered Office or Corporate Office?

Registered Office of the Company is a place which is recorded in the record of RoC as Registered Office of the Company. On the other hand, Corporate Office of the Company may be any office which is designated by the Company as its Corporate Office.

Do I need to personally present for incorporation of Company?

No, You do not need to be physically present for Registration of Company in India.

How Can I open Current Account during in Incorporation?

In the new application form Spice+, Ministry has provided an option to choose the preferred bank wherein the Bank Account gets opened once the Company is Incorporated.

How can I get all the Information of Registration or Bank Account?

Once the Company is Incorporated, following information shall be shared with you from MCA:

Certificate of Incorporation
PAN Number of Company
TAN Number of Company
Bank Account Details

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