Documents Required to form a Private Limited Company
Advantages of Private Limited Company
Register Limited Liability Partnership In India
LegalAspire.com is a legal services platform that provides a comprehensive suite of services related to business formation, including the formation of a Limited Liability Partnership (LLP) in India. Here’s how Legal Aspire can help you:
Consultation: You can schedule a consultation with a business formation expert who can answer your questions about the process and requirements for forming an LLP in India.
Name Availability: LegalAspire.com will assist you in checking the availability of the desired name and reserving it.
Documentation Preparation: LegalAspire.com can help you prepare the necessary documents, including LLP Deed, that are required to register an LLP in India.
Company Name Approval: LegalAspire.com can assist you in choosing and obtaining approval for an LLP name that meets the requirements set by the Registrar of Companies.
Registrar of Companies Filing: LegalAspire.com can help you file the necessary paperwork with the Registrar of Companies to register your LLP.
Obtaining PAN: LegalAspire.com can assist you in obtaining a Permanent Account Number (PAN) for your LLP.
Obtaining DIN and DSC: LegalAspire.com can help you obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC) for the partners of your LLP.
In summary, LegalAspire.com provides a comprehensive and streamlined solution for entrepreneurs looking to form an LLP in India. With their expertise and experience, LegalAspire.com can help you navigate the complexities of the process and ensure that your company is formed smoothly and efficiently.
What is a Limited Liability Partnership?
Limited Liability Partnership (LLP) is an alternative form of corporate business structure that has the advantage of a Company in terms of liability and the advantage of flexibility of Partnership Firm. Due to the existence of elements of both “Company” and “Partnership Firm”, it is known as a Hybrid entity.
This Hybrid entity is suitable for individuals coming together to run small/ medium-sized businesses, consenting to limited liability and wanting less compliances.
Besides, partners in LLP in India are not responsible for the misconduct and negligence of other partners.
Relevant Act
Which act governs Limited Liability Partnerships (LLPs) in India?
The Limited Liability Partnership Act of 2008 (LLP Act) regulates LLPs in India. To commence business as an LLP, it is essential to register it under the limited liability partnership act 2008.
LLP Deed
What is an LLP Agreement?
An LLP Agreement is a document that outlines the rights and duties of the Partners and that of the LLP.
Prerequisites to start a Limited Liability Partnership
What are the minimum requirements for LLP registration in India?
The minimum requirements for LLP registration in India are as follows:
- Minimum of 2 (two) partners:
To register a Limited Liability Partnership in India, it is mandatory to have a minimum of 2 (two) partners wherein an individual or body corporate can become a partner of an LLP.
- Designated Partners:
A Limited Liability Partnership in India must have a minimum of 2 (two) Designated Partners out of the selected partners and these 2 (two) Designated Partners must be individuals.
- Indian Resident Designated Partner:
At least 1 (one) of the Designated Partners must be an Indian resident.
- Representative of Body Corporate Partner:
Any body corporate acting act as a partner must appoint a natural person to act at its representative.
- LLP Name
A unique and acceptable name as per the Limited Liability Partnership Act 2008. The Limited Liability Partnership act prescribes that the name must contain either Limited Liability Partnership or acronym “LLP’ as the last words in the name.
- LLP Objects
LLP objects are the proposed business activities of the LLP and it must be legal in nature.
- Registered Office Address
Registered Office Address in proof (i.e. Ownership or Transfer/ Sale Deed, NOC or Rental Agreement from the address owner ) is required.
- Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN)
All the partners must have DSC and all the Designated Partners must have DPIN.
- KYC Details
The KYC details such as Aadhar and PAN Card of all the partners.
- LLP Agreement
A document, also known as LLP Deed or Agreement, outlining the terms and conditions between partners.
LEGAL ASPIRE PROCEDURE FOR LIMITED LIABILITY PARTNERSHIP FIRM REGISTRATION UNDER THE LIMITED LIABILITY PARTNERSHIP ACT 2008
How Legal Aspire can help you in registering your Limited Liability Partnership under the Limited Liability Partnership Act 2008?
Step 1: Select Limited Liability Partnership Firm Registration plan and pay, or Schedule a call with one of our Professionals by clicking on the Talk to Advisor button
Step 2: Professional from Legal Aspire will connect with you within 24 hours
Step 3: Provide the required information and documents
Step 4: Our expert and skilled professional will inspect your documents and check your eligibility.
Step 5: After the inspection of documents, our professionals will:
- Request DSCs and Apply for DPINs of Partners and Designated Partners respectively.
- Apply for name approval by filing Reserve Unique Name-Limited Liability Partnership (RUN-LLP).
- Do the final submission of the documents to the MCA
Step 6: Legal Aspire Professional will complete the registration process
Step 7: We will provide your Registration certificate once the firm is registered
Get your Limited Liability Partnership Firm Registrations done in a few clicks!
Frequently Asked Question
Explanation to the said section states that the term "resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one year.
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