How To Register An LLP Company Online?
You can operate your business under a “Limited Liability Partnership” in India online.
We hold immense knowledge and expertise in LLP registration and will help you in the following ways.
Limited Liability Partnership (LLP)
An LLP established in India under the “Limited Liability Partnership Act, 2008” shields partners from each other’s misconduct, a feature highly favored by experts, micro and small businesses, especially those that are family-owned or closely-held.
The Limited Liability Partnership Act, 2008, safeguards partners from personal liability while emphasizing the need for prudence. Unlike private limited companies, where creditors can only recover debts by liquidating company assets, LLP partners benefit from limited liability protection within the partnership structure.
In an LLP, partners enjoy limited liability, providing a crucial safeguard within the partnership framework. LLP registration services are facilitated by “LegalRaasta,” with offices located in Delhi NCR, Bengaluru, Mumbai, Chennai, and various other cities across India.
Eligibility For Private Limited Company Registration
Documents Required For LLP Registration
- Copy of PAN Card of partners
- Passport size photograph of partners
- Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
- Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
- Copy of Sale Deed/Property Deed (If owned property)
- Landlord NOC (Format will be provided)
- Digital Signature Certificate
- Passport (in case of Foreign Nationals/ NRIs)
- Copy of Notarised Rental Agreement
- Copy of NOC from the property owner
Why choose LLP Registration?
- It has a different legal entity, not at all like partnership firms.
- The liability and duty of each partner are limited to the commitment made by the partner.
- The expenditure on establishing an LLP is low.
- An audit is not required as LLPs are medium and independent companies.
- Less agreement and guidelines in the formation of LLP.
- No terms for least capital commitment.
- The responsibility of an LLP can be effortlessly moved to someone else. All you require is to select them as a Designated Partner of the LLP.
- An LLP has a ‘never-ending progression’ that is broadened endurance until it is brought to an end by a shared agreement between the partners.
Important forms in LLP Registration
- RUN – LLP Reserve Unique Name-Limited Liability Partnership- A form for reserving a name for the LLP
- FiLLiP – A Form for incorporation of LLP
- Form 5- Notice for change of name
- Form 17- Application and statement for the conversion of a firm into LLP
- Form 18- Application and Statement for conversion of a private company or unlisted public company into LLP
Checklist: If your company qualifies for LLP in India
- A must company, fulfill certain requirements, for it to be enlisted as an LLP
Any company who has:
Copy of PAN Card of partners
Passport size photograph of partners
Copy of Sale Deed/Property Deed (If owned property)
Landlord NOC (Format will be provided)
Digital Signature Certificate
Passport (in case of Foreign Nationals/ NRIs)
Copy of Notarised Rental Agreement)
Copy of NOC from the property owner
Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
Factors to Consider While Selecting an LLP Name
The Registrar of Companies (RoC) has issued specifying rules for LLPs. You should meet the standards or your application may wind up getting dismissed, prompting a much longer procedure..