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Limited Liability Partnership Firm (LLP)



Just fill the form to get Online Registration of Limited Liability Partnership (LLP)

Get LLP Registration Certificate approved by MCA, LLP PAN &LLP TAN in 5-7 working days.

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Overview

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A limited liability partnership or LLP is a form of partnership where the liability of an individual partner is limited to the extent of liability specified in LLP. At least two partners are required to incorporate a LLP. It has a distinct person under the law, and there are limited liability of the partner of LLP In a case of default, banks/creditors can only sell LLP’s assets but not personal assets of the partners. That why, LLP is the best option for the person who wants to work as a partner. LLP gives entrepreneurs and businessmen a more structured business as compared to a sole proprietorship or a conventional partnership. It provides the flexibility of controlling the business operation in accordance with the partnership agreement This form of company is most often found in service industries such as medical practices, law offices, or accounting firms. As the liability of the partners is limited to the extent of share capital, a partner can restrict its liability due to the performance of other partner's services negligently.
Advantages of LLP

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1. There can be any number of partners in LLP.
2. As discussed earlier, Partners can raise fund either through own sources or through FDI.
3. On distribution of Profit to its partners, LLP is not liable to pay Dividend Distribution Tax (DDT).
4. Mostly Service providing Professionals firms such as CA, CMA, Advocates, Certified Engineers, and Practicing doctors prefer to register its business as LLPs.
5. Yearly statutory audit, required under Companies Act, is not mandatory for LLP.
Checklist

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There should be at least 2 persons, who can be the partner of the company. For LLP, Partners should only be an Individual.

Steps for registration

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Step One: Application for Digital Signature Certificate (DSC)


First of all, all the partners of LLP have to acquire DSC. DSC is an online signature to be used for filing of registration of a company as well as for future legal corporate compliances. You can get DSC through Sure soft at a very nominal charge.
The following documents are for Digital Signature Certificate (DSC)
• Address Proof
• Aadhaar card
• PAN card
• Photo
• Email Id
• Phone Number

Step Two: Preparation of Documents


After getting the Digital Certificate the professional team of sure soft shall prepare the documents required to be submitted along with the application for registration.

Step Three: Filing of application


After preparation of all documents, an application for registration/incorporation of a Limited Liability Partnership shall be filled. Along with registration application, application for PAN & TAN shall also be filled. It mandatory that the name of the company should contain LLP at the end of the company name

Step Four: Get Incorporation Certificate


After submission of the application form, MCA shall issue an Incorporation certificate along with PAN No.

Step Five: Start your Business


After incorporation, start your business and fulfill your dreams.
Required Documents

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a) In addition to documents prepared by Suresoft, we need the following documents for all Partners


• Copy of PAN Card
• Passport size Photo
• Any one of Voter ID/ Driving Licence/ Passport as ID proof
• Any one of Bank Statement / Electricity Bill/ Telephone Bill as address proof
• All documents should be self-attested.
• Address Proof documents i.e bank Statement or Electricity Bill or Telephone Bill should not be older than two-month

b) Registered Address Proof


The registered office is the place, where the companies have their think tank.
The registered office can be any place, rented or owned, Commercial or Residential building. For Registered office purpose the following documents are required:
• Rent Agreement
• Electricity Bill/ Water Bill/ Gas Bill not older than two months
• NOC from landlord
Here To Help

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LLP Registration can be done through Sure Soft, a professionally managed company, having office all over India Including Delhi NCR, Uttar Pradesh, Uttarakhand, Mumbai, Bengaluru, Chennai, and other Indian cities. If you want to register your company then you can contact us at [email protected] Our professional team will help you with the procedure of incorporation of company formation and new company formations/registration procedures. You can clear your doubts related to company registration and other information with our experts.
Services provided by Sure Soft for Registration of LLP

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• Sure soft shall provide the following services:
• Digital Signature Certificate (DSC)
• Director Identification Number (DIN)
• Company Incorporation Certificate (CIN)
• Allotment of PAN Number
• Allotment of TAN Number
FAQ

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  • 1. Whether, we have to visit the office of SURE SOFT for documentation and other related works ?
    No, it's 100% online process. You have to provide all the documents through mail. You are not supposed to visit the Office of suresoft. No Physical presence of Directors/ Shareholders required.
  • 2. How much time taken for registration of the Company ?
    In case all documents provided in proper order, your company shall get registered in 3 working days only.
  • 3. What is the minimum capital requirement for incorporating LLP ?
    Limited Liability Partnership does not require Minimum Capital for registration. Partners can register LLP with a capital of Re. 1 only.
  • 4. What is the Maximum Limit of share Capital investment in a Limited liability Partnership ?
    There is no such limitation on investment in LLP. The partners of LLP can invest the amount whatever they deemed sufficient to execute the business.
  • 5. What is Minimum Directors Required for registration of a Limited Liability Partnership ?
    In LLP there is no concept of directors. In place of directors there are partners. For the creation of an LLP at least 2 people are required as Partner.
  • 6. Whether a Limited liability Partnership can be listed in the Stock exchange ?
    LLP is not a company. LLP cannot issue shares. If an LLP wants to be listed with a stock exchange, LLP has to first convert into a public company as only a Public limited company can apply for IPO and issue shares.
  • 7. Is it mandatory to write LLP with the name of the company ?
    A firm registered as LLP has to add the word “LLP” at the end of the name of the firm
  • 8. Is it a difficult task to register or incorporate an LLP ?
    No, You should feel, it’s a child’s play to registered or incorporate LLP with the team of SURE SOFT. As Sure soft has dedicated technical and professional in-house team, you should get registration of LLP in 7 working days only.
  • 9. At which Location SURE SOFT providing services of Incorporation ?
    SURE SOFT is one of the leading service providing firm. It is providing service in all over India. Sure Soft can be registered/ incorporate a private limited Company any State in India.
  • 10. Whether we have to visit the office of SURE SOFT for documentation and other related works ?
    No, You are not supposed to visit the Office of suresoft. You have to provide all the documents through mail. No Physical presence of Directors/ Shareholders required.
  • 11. Whether an LLP has to do mandatory compliances, if so pl. explain ?
    LLPs are required to file Annual Returns and Statement of Accounts for every Financial Year. LLP has to comply with the following three mandatory compliance
    • Filing of Annual Return
    • Filing of Statement of the Accounts or Financial Statements
    • Filing of Income Tax Returns
  • 12. Can a company have to take office on Rent or can be registered at home address ?
    A person can register his company either from rented office or from his house.
  • 13. Can an LLP get Foreign Direct Investment in his firm ?
    An LLP is eligible to make Foreign Direct investments in his company. Companies Act do not restriction an LLP to take FDI from foreign investors.
  • 14. Are there any other hidden charges ?
    No, it’s inclusive of Tax.
    How can I apply for reserving LLP Name?
    It is the first step for the incorporation of LLP. An application shall be filed in Form No. 1 (Application for reservation or change of name). The name should be unique and not resemble others.
  • 15. What procedures have to follow by the partner if a partner address has been changed ?
    In case of any amendment in the address of the partner, the partner has to inform the LLP firm regarding change or amendment in address within a period of fifteen days of such change. After receiving the information, LLP has to file a Form 4 to the registrar for such changes.
  • 16. Can I convert my partnership firm into LLP ?
    If all the partners agree, a partnership firm can be converted into LLP. For that, partners have to file Form 17 along with Form 2 for such conversion and incorporation of LLP.
  • 17. Whether the firm name contain LLP ?
    Name of the firm LLP should contain either ‘Limited Liability Partnership’ or ‘LLP’ at the end of the Firm Name.
  • 18. Can our existing company may convert to LLP ?
    Yes, Existing private limited companies or existing unlisted public companies can file an application to covert its business into LLP.