LLP Registration Online
@ Rs. 4,999
3 simple steps
- DIN for 2 Partners
- Name Registration
- LLP Documents
- Incorporation Certificate
- DSC
We have successfully completed 2600+ LLP Registration within 7 days and ensured 100% compliance.
We're ready to help start your LLP Registration today!
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.
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
- Document Proof of Partners
- Notarized Documents (for Foreign Nationals)
- Utility Bill or Bank Statement
Address Proof
- Utility Bill or Bank Statement
Proof of Registered Office
- Ownership of Property- Any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
- Right to use the Property - Rental Agreement or No Objection Certificate (NOC) from the owner.
Other Documents
- Passport Size Photographs
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.
- Pre-application
- We collect basic information
- Gather required documents
- Obtain Digital Signature Certificate
- Check availability of name
- Drafting & Application
- Obtain Directors Identification Number (DIN)
- File Application for Incorporation
- File Application for PAN and TAN
- Payment of fees
- Approval
- Obtain Incorporation Certificate
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.
- DPIN for 2 Partners
- Digital Signature Certificate for 2 Partners
- Name Approval & Registration
- LLP PAN Card
- LLP Agreement
- LLP TAN/TDS
- Certificate of Incorporation
- Customized Incorporation Masterfile
- Expert advice you can count on
- Our bright support on every thing needed to complete the registration.
testimonials
What our clients say
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.
- Step1: Apply for Digital Signature Certificate (DSC)
- Step2: Obtain Director Identification Number (DIN/DPIN)
- Step3: Choose a Name for your LLP
- Step4: Fill Form for LLP Registration (FiLLiP)
- Step5: Draft LLP Agreement
- Step6: Obtain a Certificate of Incorporation
- Step7: Apply for PAN and TAN
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.
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