Limited Liability Partnership Registration

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a Partnership. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.

Registration Process

Apply for DSC and DIN

The first step in registering your company is to apply for DSC (Digital Signature Certificate) Since all the forms are uploaded on-line any one of the Director should obtain DSC. Secondly, obtaining DIN for the Directors. It is a unique eight digit number, which is allotted to every Director and has lifetime validity.

Name Reservation

After completing first step, next comes your company name. If the proposed company name is more than one, then we have to apply for Name reservation. Maximum we can apply with six names and in that any one name will be approved by the ROC.

Submission of Forms

When your name gets approved, immediately we will draft the necessary docs such as LLP Agreement and other incorporation docs. After your confirmation, we will submit the forms along with the documents.

Certificate Of Incorporation

Certificate of incorporation will be released when the Form is approved. Once the certificate gets released from the moment onwards your company is legally formed and you can start running your business. After the incorporation, we will apply for your Company PAN and TAN.

DOCUMENTS REQUIRED FOR THE PROCESS

Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company:

Advantages of Limited Liability Partnership

Renowned Form Of Business

Though the concept of Limited Liability Partnership has been recently introduced in India but it is very known concept in other countries of the world especially in service sector. In a normal partnership firm, there is always a threat of being liable to the act of your partner, but in case of LLP, there is no such threat.

Body Corporate

Just like a Company, LLP is also body corporate, which means it has its own existence as compared to partnership. LLP and its Partners are distinct entity in the eyes of law. LLP will know by its own name and not the name of its partners.

Raising Money

OPC form of company is very easy to manage. Only few filings are to be made with ROC and they are exempted from conducted Annual General Meeting. The Board Meetings can be conducted for every six months.