Limited Liability Partnership Registration

Are you looking for a business structure that combines the best of both worlds – limited liability and partnership flexibility? A Limited Liability Partnership or LLP might just be the perfect fit for your business needs! Are you looking for a business structure that combines the best of both worlds – limited liability and partnership flexibility? A Limited Liability Partnership or LLP might just be the perfect fit for your business needs! 

LLP allows partners to deal with their internal management with a mutually agreed-upon approach, similar to a traditional partnership firm.

But what truly sets this kind of company apart is that no partner is held liable for the independent or unauthorized actions of their counterparts, effectively shielding individual assets. And just like regular partnership firms, all partners of LLPs share the profits of the business – with the freedom to set their own profit-sharing ratio.

Which is better Pvt Ltd or LLP?
What is the difference between Ltd and LLP?
How does an LLP work?
Can LLP pay salary?
What Is an Example of an LLP?
What Do You Mean by Limited Liability Partnership LLP?
Who are eligible for LLP?
How to start an LLP?

LLP Registration Process

How to register for an LLP in India?

To register an LLP (Limited Liability Partnership) in India, you will need to follow the steps given below:
Obtain Digital Signature Certificate (DSC): The first step in registering an LLP is to obtain a Digital Signature Certificate (DSC) for the proposed partners of the LLP. DSC is a secure digital key that is issued by certifying authorities and is used to sign electronic documents.
Obtain Designated Partner Identification Number (DPIN): The proposed partners of the LLP need to obtain a Designated Partner Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) by submitting an online application along with the necessary documents.
Name Reservation: The next step is to select a unique name for the LLP and submit it for approval to the Registrar of Companies (ROC). The name should not be similar to any existing company or LLP name. Once the name is approved, it will be reserved for 3 months.
Prepare LLP Agreement: The LLP agreement is a legal document that contains the rights, duties, and obligations of the partners of the LLP. It must be prepared and signed by all the partners of the LLP before filing for registration.
File Incorporation documents: After obtaining DSC and DPIN, and preparing LLP agreement, the incorporation documents, including the LLP agreement, must be filed with the ROC. The documents can be filed online by paying the required fees.
Obtain Certificate of Incorporation: Once the ROC approves the incorporation documents, it issues a Certificate of Incorporation. This certificate indicates the formation of the LLP and includes the LLPIN (Limited Liability Partnership Identification Number) which is a unique identification number assigned to the LLP.
Apply for PAN and TAN: After obtaining the Certificate of Incorporation, the LLP needs to apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.
In summary, to register an LLP in India, you need to obtain a DSC, DPIN, reserve a unique name, prepare an LLP agreement, file incorporation documents, obtain the Certificate of Incorporation, and apply for PAN and TAN.