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Limited Liability Partnership Firms (LLP’s) offer a balanced structure, combining the benefits of limited liability with the flexibility of a partnership. They provide entrepreneurs and professionals with a streamlined way to establish businesses, reducing personal risk while simplifying management and taxation. At Srprof, we specialize in guiding LLP’s through every stage of their journey. From setup to compliance and growth, our dedicated team ensures personalized support and expert guidance. Choose Srprof for straightforward solutions and a trusted partner in maximizing your LLP’s success
Limited Liability Partnership is a new form of Partnership Structure introduced in India under the LLP Act of 2008. The purpose behind its introduction is to overcome all traditional partnership flaws and provide a better alternative to startups. The flaws an LLP overcomes include unlimited liability, no separate management structure, and limited existence of the firm. These flaws bring immense challenges in operating a firm and for the want of a better alternative, the LLP was introduced.
The table below contains two checklists. The first checklist mentions all the minimum requirements for LLP’s incorporation. The second checklist refers to the LLP’s registration documents and include the documents of Partners and Registered Office Premises. Both these checklists are necessary for a successful LLP’s Registration in India.
Partners include Partners as well as Designated Partners of the LLP’s.
Get a digitization of all MCA services, the LLP’s Registration process has become quicker, easier and way more hassle-free than before. There is no requirement for visiting the ROC’s Office to submit the required application and documents now. The entire process has been shifted online and can be completed in just a few simple steps.al Signature Certificate (DSC) and Director Identification Number (DIN). Choose a unique name, draft the MoA and AoA, and submit the incorporation application through the SPICe+ form with the necessary documents and fees.
The LLP's Registration process in India begins with preparing all the documents required for LLP's registration. These documents are crucial for the approval of the LLP's Registration form. Among the LLP's Registration documents list, we require the KYC documents of all partners. Added to that is the proof of registered office address and no objection from the office property owner.
After arranging all the required documents, the next step is to obtain the Digital Signatures of all partners. Digital Signatures are required to sign and authenticate the application for LLP's Registration. Other than that, the partners use their DSC to attest the documents submitted as well.
The name of your LLP's should not only be practically appropriate but also in compliance with necessary MCA guidelines. Once you have selected an appropriate name, you are required to get it approved and reserved by the ROC. For this, you can either use the FiLLiP or the RUN-LLP's (Reserve Unique Name) forms. Both these forms are available on the MCA website.
The application for Limited Liability Partnership Registration online can be found on the MCA website. Once you access the application (FiLLiP), you can fill in all the details. To complete it, also upload the scanned, self-attested copies of the documents. Next, "attach a Class 3 Digital Signature" of the authorised designated partner and submit the form after paying the prescribed fee.
The submitted application reaches the Registrar of Companies and upon thorough examination, gets either approved or rejected. If approved, the ROC immediately grants a Certificate of Incorporation to the LLP's confirming its registration. Besides the certificate, the LLP's also receives its LLPIN, PAN & TAN.
LLP's Agreement is an important constitution document of the LLP's which includes the terms and conditions mutually agreed between its partners. It must be submitted within 30 days after the incorporation. The submission of LLP's Agreement marks the completion of the process.