Limited Liability Partnership (LLP) Registration in India is a choice for businesses due to its flexibility, ease of management, and limited liability protection for partners. LLP registration in India the process is designed to be straightforward, but proper documentation and adherence to procedures ensure a smooth registration. The fee structure is also more affordable than other business forms like Private Limited Companies, making LLP a great option for small and medium-sized businesses.
Documents Required for LLP Registration
Documents for Partners
- PAN Card (mandatory for all Indian nationals)
- Identity Proof: Passport, Voter ID, Driving License
- Address Proof: Recent bank statement, telephone bill, or electricity bill (not older than two months)
- Passport (mandatory for foreign nationals)
- DIN or DPIN (Director Identification Number or Designated Partner Identification Number).
Proof of Registered Office Address
- Utility bill (electricity, water, or telephone bill) of the office not older than two months.
- No Objection Certificate (NOC) from the landlord, if the premises are rented.
- Ownership proof or rental agreement.
Procedure for LLP Registration
- Obtain Digital Signature Certificate (DSC): All designated partners must obtain DSC, as the entire process is online and electronic signatures are required for submitting documents.
- Director Identification Number (DIN) or Designated Partner Identification Number (DPIN): The designated partners of the LLP need to apply for a DIN or DPIN.
- Name Reservation: The proposed name of the LLP must be unique and can be reserved by submitting RUN-LLP (Reserve Unique Name) form to the Ministry of Corporate Affairs (MCA).
- Filing of Incorporation Form (FiLLiP): The FiLLiP (Form for Incorporation of LLP) form must be submitted to the Registrar of Companies (RoC) along with the necessary documents, including the partner’s details and the LLP agreement.
The cost of stamp duty on the LLP agreement varies from state to state and depends on the total capital contribution of the LLP. Typically, stamp duty ranges between ₹500 to ₹5,000 or more. If you hire a consultant or firm to assist with the registration process, professional fees may range from ₹5,000 to ₹20,000, depending on the service package.
Frequently Asked Questions
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Yes, Edgexo offers expertise in various industries and can provide guidance on industry-specific compliance requirements. Whether you're in finance, healthcare, or manufacturing, our team can help you navigate the regulatory landscape effectively.
Compliance management is crucial for businesses to avoid penalties, legal complications, and reputational damage. Staying compliant with regulatory requirements helps maintain business integrity and fosters trust with stakeholders.