Limited Liability Partnership (LLP) is a new business form that retains the advantages of a partnership along with the limited liability of a company. It has been introduced under the LLP Act, 2008, and suits small and medium enterprises in search of flexibility with less compliance. Registration of an LLP in India is carried out by the Ministry of Corporate Affairs (MCA) and consists of procedures such as acquiring a Digital Signature Certificate (DSC), Director Identification Number (DIN), name reservation, and submission of incorporation documents.

LLPs provide limited liability protection to partners, i.e., personal assets are exempted from business liabilities. Moreover, LLPs have no minimum capital requirement, and the number of partners is not restricted by any maximum limit. They are more tax-efficient than private limited companies as well.

For those entrepreneurs seeking a trusted, legally accepted business model with reduced ease of compliance and operation, LLP registration is a wise option. The Legal Team offers professional guidance to facilitate hassle-free and timely registration.

What is an Limited Liability Partnership?

A Limited Liability Partnership (LLP) is a new type of business organisation that offers the advantages of a partnership and a company. It is regulated by the Limited Liability Partnership Act, 2008 in India. In an LLP, every partner has limited liability, i.e., they are not personally accountable for the debts or liabilities of the business over and above their contribution agreed upon. Unlike conventional partnerships, an LLP is a distinct legal entity, meaning it can acquire assets, sue or be sued in its name.

LLPs are best suited for small and medium enterprises seeking flexibility and minimal compliance. No minimum capital requirement exists, and easy setup with a minimum of two designated partners, one of whom should be an Indian resident, is possible. Professionals, consultants, and start-ups prefer the LLP structure because of ease of doing business, tax effectiveness, and protection from limited liability, which is a preferred choice in India today.

Requirements and Qualifications for the LLP Registration Procedure

To register an LLP in India, there are some eligibility criteria and documents that need to be fulfilled. Given below are the requirements and qualifications:

Minimum Partners:

A minimum of two partners must form an LLP. There is no restriction on the number of partners.

Designated Partners:

Minimum two designated partners should be appointed and one should be a resident of India.

Digital Signature Certificate (DSC):

All authorized partners are required to have a DSC for digitally signing documents in the registration process.

Director Identification Number (DIN/DPIN):

Authorized partners should have a valid DIN or DPIN from the Ministry of Corporate Affairs (MCA).

Name Approval:

The LLP should have a unique name that does not match or resemble any other LLP, company, or trademark name.

Registered Office Address:

There must be a valid registered office address in India for official communication.

LLP Agreement:

There must be a legal agreement among partners detailing profit-sharing ratios, duties, and rights that must be prepared and submitted.

Business Objective:

Definitely made business activities or objectives are required.

Documents Required:

Identity proof, address proof, PAN cards of all partners, a utility bill for the office address, and an NOC from the owner of the property (in case of rented property).

The Legal Team Makes LLP Registration Simple and Easy

LLP registration may appear to be complicated, but The Legal Team makes it simple and trouble-free. Here's how we simplify LLP registration for you:

Expert Guidance: Our experts are aware of the legal requirements for LLP registration and provide step-by-step assistance throughout.

• Free Consultation: We first have a free consultation to know your business needs and explain the process clearly.
• Rapid Document Gathering: We assist in gathering and authenticating all documents required such as PAN, ID proof, address proof, and utility bills, saving your time.
• Name Approval: We help you select a unique company name and get it approved by the Ministry of Corporate Affairs (MCA).
• Digital Signature Certificates (DSC): We assist partners in procuring DSCs in a timely manner, which are required for electronic filing.
• DIN Allotment: We help get Director Identification Numbers (DIN) for all the partners who are to be designated.
• LLP Agreement Drafting: Our lawyers prepare a proper LLP Agreement as per your business strategy.
• Affordable Pricing: LLP registration is only ₹1499 with no extra costs.
• Once registration is complete, we help with obtaining PAN, TAN, and GST, along with offering support for meeting compliance obligations.

Register your LLP easily with The Legal Team—your company registration and legal partner of choice!