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An overview- LLP Registration Online
Mandatory documents required to Register an LLP in India
Mandatory documents which are required to register a LLP in India are identity proofs of proposed designated partners/ partners and address proofs. Below is the list of documents accepted by MCA for online registration of the LLP.
Identity and Address proofs
Note- For Foreign Nationals, Translated and Notarized copy of Passport is mandatory. Residence proof like electricity bills and bank statements should not be older than two months. All the above mentioned documents should be self attested.
Proof of registered office
For Online LLP Registration in India, the LLP should have registered office in India, that can be residential and commercial as well. You need to submit the documents listed below:-
Why to choose LLP for business in India?
You should choose Limited Liability Partnership (LLP) registration to gain the following benefits.
Limited Liability of the Partners
The liability of each partner in an LLP is limited to his agreed contribution. Individual partners are also protected from joint liability produced by another partner's improper acts or misbehaviour because no partner is liable for the autonomous or un-authorized acts of other partners.
Separate Legal Existence
As per the LLP Act, 2008, registering Limited Liability Partnership provides separate legal existence from its partners. It allows LLPs to take legal actions, lending money and enter into contract with other businesses itself.
Low cost compliances
Only LLPs with a turnover of more than Rs.40 lakhs or capital of over 25 lakhs, the accounts must be audited by a Chartered Accountant. Because there are only three compliances each year, an LLP is considerably easier and less expensive to manage than a private limited company.
Flexible Operation of the business
LLP agreement between partners, specifies rights and responsibilities of the partners. Designated partners are appointed in LLP to manage operations/ day to day activities. It helps to protect partners interest in case of loss or any unlawful action taken by other partners.
Easy Windup
In comparison to a private limited company, an LLP is not only easier to form but also to wind up. While this process still takes two to three months, closing a private limited business can take up to a year.
A Detailed Process to Register LLPs in India
Here is the detailed procedure of LLP registration online in India. Following steps are required to be followed for hassle free registration process-
1
Filing of Form – RUN (Reserve Unique name of LLP)
2
Arrange the documents of partners and fill the form with accuracy.
3
Apply for DSC (Digital Signature Certificate) and DPIN (Designated Partner Identification Number)
4
Verification of documents by registrar.
5
Prepare an LLP agreement
6
Get your LLP certificate by MCA.
7
Apply for PAN and TAN
FAQs on Limited Liability Partnership (LLP) registration online
The responsibility of each partner in an LLP is limited to his agreed contribution. Individual partners are also protected from joint responsibility caused by another partner's unlawful acts or misbehaviour since no partner is accountable for the autonomous or un-authorized acts of other partners.
The benefits of LLP registration are-
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In the bustling city of Gurugram, where dreams are as tall as skyscrapers, our LLP registration process ensures that your startup is built on a solid legal foundation. With Startup Club India, experience the ease of LLP registration Gurugram, guided by our expert consultants who understand the local business landscape.
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In the heart of the nation's capital, Delhi, startups thrive on innovation and ambition. Our LLP registration online service for Delhi-based entrepreneurs offers a seamless experience. From creative name reservation to drafting the LLP agreement, we streamline the process, allowing you to focus on turning your business vision into reality.
In the vibrant startup ecosystem of Noida, the decision between LLP and Pvt Ltd for your startup is crucial. Our experts provide insights into the pros and cons, helping you make an informed choice that aligns with your business objectives. Whether it is flexibility, compliance, or liability protection, we guide you through the decision-making process.
Faridabad, with its industrial ability, demands a legal structure that matches its ambition. Our limited liability partnership registration services in Faridabad provide startups with the advantages of both a partnership and a corporation. Enjoy limited liability, fewer compliance burdens, and the freedom to focus on growth.
Deciding between LLP or Pvt Ltd for startup Faridabad requires a tailored approach. We weigh the benefits and drawbacks, considering factors like compliance costs, ease of operation, and fundraising potential. With us, you receive personalized guidance to make the right choice for your business.
We believe in turning dreams into businesses. Our commitment to excellence is reflected in our tailored services, ensuring that startups across Gurugram, Delhi, Faridabad, and Noida receive top-notch legal support.
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