Limited Liability Partnership Firm Registration Process

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As the name suggests, LLP is a partnership firm in which some or all partners have limited liability. Limited Liability Partnership Registration has become quite easy and its compliance is also less compared to the Private Limited Company.

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L I M I T E D L I A B I L I T Y P A R T N E R S H I P SWARIT ADVISORS PRIVATE LIMITED R e g i s t r a t i o n G u i d e

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W h a t i s L L P C o n c e p t o f L L P R e g i s t r a t i o n N o w a d a y s L L P R e g i s t r a t i o n i s o b t a i n e d b y v a r i o u s b u d d i n g e n t r e p r e n e u r s L a w F i r m s A u d i t i n g F i r m s R e a l E s t a t e A g e n c i e s F i n a n c i a l A d v i s o r y S e r v i c e s B u s i n e s s C o n s u l t a n c i e s a n d S m a l l a n d M e d i u m - S i z e d B u s i n e s s e s . T h e m a i n r e a s o n b e h i n d t h i s i s t h a t t h e c o n c e p t o f L L P i s v e r y p r o m i n e n t . M o r e o v e r i t w o u l d p r o t e c t t h e p e r s o n a l a s s e t s i n t h e e v e n t o f a d i s p u t e a n d a l s o p r o v i d e v a r i o u s t a x b e n e f i t s .

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2 0 2 0 2 0 2 0 2 1 2 0 2 0 2 2 2 0 2 0 2 3 2 0 2 0 2 5 2 0 A P e r f e c t B u s i n e s s E n t i t y S t r u c t u r e o f L L P T h e t e r m L i m i t e d L i a b i l i t y P a r t n e r s h i p L L P i s d e f i n e d u n d e r t h e L i m i t e d L i a b i l i t y P a r t n e r s h i p A c t 2 0 0 8 . I t m e a n s a n y c o r p o r a t e b o d y i n c o r p o r a t e d u n d e r t h i s a c t . T h i s b u s i n e s s s t r u c t u r e i s b a s i c a l l y a b l e n d o f t h e a d v a n t a g e s o f a t r a d i t i o n a l p a r t n e r s h i p f i r m a n d a p r i v a t e l i m i t e d c o m p a n y . I t w a s i n t r o d u c e d i n I n d i a i n t h e y e a r 2 0 1 0 . F u r t h e r a l l t h e r i g h t s a n d d u t i e s c o n c e r n i n g t h e d e s i g n a t e d p a r t n e r s a r e g o v e r n e d a n d a d m i n i s t e r e d b y t h e L L P A g r e e m e n t .

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S E P A R A T E L E G A L E N T I T Y 1 L I M I T E D L I A B I L I T Y 2 E A S E I N T R A N S F E R I N G O W N E R S H I P 3 C O R P O R A T E B O D Y 4 P E R P E T U A L S U C C E S S I O N 5 A D V A N T A G E S O F L L P R E G I S T R A T I O N

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A D V A N T A G E S O F L L P N O M I N I M U M C A P I T A L R E Q U I R E M E N 6 L L P A G R E E M E N T 7 N O A U D I T R E Q U I R E M E N T 8 S I M P L E R E G I S T R A T I O N P R O C E S S 9 E A S Y T O W I N D U P 1 0

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M I N I M U M R E Q U I R E M E N T S Minimum two Designated Partners O u t o f a l l t h e d e s i g n a t e d p a r t n e r s o n e m u s t b e a n I n d i a n C i t i z e n All the designated partners have the Designated Partner Identification Number DPIN E v e r y D e s i g n a t e d P a r t n e r m u s t h o l d t h e D i g i t a l S i g n a t u r e C e r t i f i c a t e D S C Address Proof of the Registered Office is a must for obtaining LLP Registration

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P R O C E S S O F O B T A I N I N G L L P F i l l i n g o f t h e A p p l i c a t i o n f o r L L P R e g i s t r a t i o n O b t a i n i n g D P I N a n d D S C f o r L L P V e r i f i c a t i o n a n d N a m e A p p r o v a l S u b m i s s i o n o f t h e d o c u m e n t s f o r L L P R e g i s t r a t i o n D r a f t i n g o f L L P A g r e e m e n t L L P R e g i s t r a t i o n C e r t i f i c a t e STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6

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D O C U M E N T S A T T H E T I M E O F I N C O R P O R A T I O N P A N C a r d A a d h a r C a r d V o t e r I D D r i v i n g L i c e n s e o f t h e P a r t n e r s A d d r e s s P r o o f o f t h e p a r t n e r s R e s i d e n c e P r o o f o f P a r t n e r s P h o t o g r a p h P a s s p o r t D O C U M E N T S A R E R E Q U I R E D R E G A R D I N G L L P A d d r e s s P r o o f o f t h e R e g i s t e r e d O f f i c e D i g i t a l S i g n a t u r e C e r t i f i c a t e N o - O b j e c t i o n f r o m t h e L a n d l o r d w h o s e p l a c e h a s b e e n u s e d a s t h e R e g i s t e r e d O f f i c e U t i l i t y B i l l i n t h e f o r m o f e l e c t r i c i t y b i l l w a t e r t a x r e c e i p t

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Digital Signature Certificate A p p r o x i m a t e l y R s 1 5 0 0 t o 2 0 0 0 f o r t w o p a r t n e r s Director Identification Number R s 1 0 0 0 f o r t w o p a r t n e r s Name Reservation R s 2 0 0 Incorporation D e p e n d s o n t h e c a p i t a l c o n t r i b u t e d LLP Agreement D e p e n d s o n c a p i t a l c o n t r i b u t i o n LLP Incorporation L L P i s i n c o r p o r a t e d

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Phone + 9 1 - 9 8 2 1 3 9 9 3 2 0 Email h o s w a r i t a d v i s o r s . c o m Headquarters B l o c k H P l o t N o . 5 5 G r o u n d F l o o r S e c t o r 6 3 N o i d a U P L e t s t a l k

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