Limited Liability Partnership Registration

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Limited Liability Partnership Registration

Limited Liability Partnership Registration

LLP Registration in India has become an alternative form of business that provides the advantages of a Company and the flexibility of a Partnership firm into a single organization. The Limited Liability Partnership Act of 2008 introduced the Concept of LLP in India back in 2008. This unique hybrid is suitable for setting small, medium-sized businesses.  To register an LLP minimum of two partners are required, there is no upper limit as such. In an LLP one partner is not responsible for the misconduct and negligence of the other partner. The partners are responsible for the compliances and all the provisions that are specified in the LLP agreement.

Documents Required For LLP Registration:

  • PAN Card
  • Voters Identity Card
  • Ration Card
  • Driving License
  • Electricity Bill
  • Telephone Bill
  • Aadhaar Card
  • Bank Statement
  • Passport Size Photo
  • Recent Utility Bill
Professional Guidance

The LLP Agreement

The LLP Agreement becomes an integral component for the Limited Liability Partnerships, as the agreement defines the mutual rights and duties that need to be executed by the LLP partners. The members completely adhere to the LLP agreement and further register themselves to the Ministry of Corporate Affairs (MCA). The entire formalities are completed within 30 days from the date of incorporation.

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LLP Incorporation Certificate

The LLP Incorporation Certificate is given to the entity, once the registrar approves the Memorandum of Understanding (MOA) and Articles of Association (AOA). After the successful submission of the documents, to the registrar, the LLP Incorporation Certificate is generated and delivered within the time frame of 2-12 days.

Time Duration

Application for PAN, TAN & Bank Account

Once the entity receives the Incorporation Certificate from the Registrar, the members can apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). The members can receive the PAN and TAN in around three weeks from the date of submission of application for PAN and TAN.

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