Limited Liability Partnership

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.

Requirement For Formation Of Public Company

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

01.

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.

02.

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.

03.

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.

04.

Documents Required For The Process

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

PAN card copy with Self attestation.
Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.
Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.
Latest passport size photo in jpg.
For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.
Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.
Copy of No objection cert ificate from the owner of the property.
If owned property, copy of Sale Deed and Electricity bill is sufficient.
In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

Advantages of One Person Company

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.