LLP Registration Online
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LLP Registration Online: Everything You Need to Know

Introduced in India in 2008, the Limited Liability Partnership Act, 2008, governs Limited Liability Partnerships. Over the years, Limited Liability Partnership has gained a lot of preference over other types of business organisation structures because it combines the best of both worlds – Partnership and Company.

A Limited Liability Partnership (LLP) combines the advantages of a partnership and a company. As implied by its name, a Limited Liability Partnership in India is registered by a minimum of two partners who enter into an LLP agreement. Despite functioning like a partnership, the partners in an LLP enjoy limited liability, and the LLP has perpetual succession similar to a company.

The concept of limited liability in an LLP ensures that each partner is only liable up to the extent of their capital contribution. Partners in an LLP are obligated to bear losses only to the extent of their actual contribution to the business, safeguarding their personal assets in cases of business losses or bankruptcy. However, in a normal Partnership entity, the liability is unlimited, with each partner personally responsible for bearing all losses.

Bright Accounts provides seamless online LLP registration services in India. From guiding you about LLP to handing you the Certificate of Incorporation, Bright Accounts will be with you in each step of the registration process.

Online LLP Application in 7 days

Documents Required for LLP Registration

Bright Accounts has compiled a detailed list of documents that are required for LLP Registration in India. Speak to our experts for any queries.

Identity Proof

Address Proof

Proof of Registered Office

Other Documents

process

LLP Registration Process

in 3 Simple Steps

At Bright Accounts, we have simplified the entire registration process of a Limited Liability Partnership into 3 simple steps. This makes your journey smooth, structured and easy.

Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.

benefits

What's Good

about a Limited Liability Partnership

Separate Legal Entity

Much like a company, an LLP maintains a distinct legal identity. It operates independently of its partners. The registered LLP is treated as a separate person. Because of this contracts are executed under the LLP’s name creating trust among various stakeholders.

No Mandatory Capital Contribution

There is no minimum capital requirement to register a Limited Liability Partnership. The partners can decide to incorporate a Limited Liability Partnership with any amount of capital.

Limited Liabilty

In an LLP, partners benefit from limited liability. This implies that partners are responsible only for the amount they have invested. In the event of insolvency or winding up, partners need not settle debts from their personal assets, only the assets of the LLP are utilised to settle debts.

Flexible Partners Limit

In a Partnership Business, there is a maximum limit of the number of partners. However, in the case of LLP there is no ceiling limit on the number of partners. There must be at least 2 Designated Partners.

Cost-Effectiveness and Minimal Compliance

The cost of registration and incorporation of a Limited Liability Partnership is quite low in comparison to the cost of incorporating a public or private limited company. The compliance burden is also minimal, with the LLP required to file only two statements annually— the Annual Return and the Statement of Accounts and Solvency.

Best of Both Worlds

LLP combines the advantages of a Private limited company and a partnership firm and eliminates the disadvantages of both.

What do you get

after LLP Registration with our help?

Ready for LLP Registration Online?

When you apply for LLP Registration for your business with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business.

testimonials

What our clients say

Very structured service which did not delay the entire process as we were looking to open our company as soon as passible. Thank you for hassle free service.
Krishna
From what we read online, it seemed like a long and lengthy process. But these guys made it look effortless. Worth it!
Zoya
We had a smooth process. Thanks a lot Bright Accounts! We want to continue our association for other areas as well, hope you support in the same manner.
Sumit
Bright Accounts helped us with all our doubts right from the beginning and incorporated our private limited company.
Tejaswi

Why Bright Accounts

There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

Bright & Knowledgeable

Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

Always happy to help

Bright Accounts commit to provide dedicated support and assistance to our clients.

Professional & Approachable

We maintain a high level of professionalism while being easily approachable for our clients.

Easy & Quick

We focus on streamlining and simplifying the complex processes for our clients.

Procedure for online LLP Registration

This checklist includes everything that you would need to open a Limited Liability Company. These are mandatory requirements.

Timeline

After consultation and review of required documents by a Bright Accounts expert, the incorporation process takes between 7 to 10 working days.

Confused between Partnership or LLP? Speak with an expert.

    Frequently Asked Questions

    Yes, LLPs are required to file their annual income tax return irrespective of profit or loss. The LLP’s income tax return (ITR) must be filed electronically using the prescribed forms and within the due dates specified by the tax authorities.

    A partner can be removed from an LLP by following the procedures specified in the LLP Agreement. Generally, this involves obtaining the consent of other partners, executing necessary documentation, updating the LLP agreement, and notifying the concerned authorities.

    There is no minimum capital requirement for LLP registration online. LLPs can be registered with any amount of capital as decided by the partners. The partners contribute capital in the form of money, property, or other tangible/intangible assets.

    The choice between an LLP and a Private Limited Company (Pvt Ltd) depends on various factors like the nature of business, long-term goals, funding requirements, tax implications, compliance preferences, and more. It is advisable to consult a professional to determine the best option for specific circumstances.

    Yes, LLPs are registered with the Registrar of Companies (ROC) in the respective state where the LLP’s registered office is located. The ROC maintains the official records and documents related to the LLP’s incorporation, compliance, and changes in its structure.

    LLPs are required to have their accounts audited if they meet certain financial thresholds. According to Section 34(4) of the LLP Act 2008 and Rule 24 of LLP Rules 2009, if an LLP’s turnover exceeds ₹40 lakh or its contribution exceeds ₹25 lakh in any financial year, it must get its accounts audited.

    Bought Together

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Limited Liability Partnership Annual Compliances

    Navigate LLP annual compliance effortlessly with Bright Accounts. Our dedicated team ensures timely submission and adherence to rules.

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