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LLP Registration

Limited Liability Partnership (LLP) in India took shape after January 2009, making it an instant success with startups and professional services. Limited Liability Partnership Registration, governed by the Limited Liability Partnership Act, 2008, combines the benefits of a partnership with that of a limited liability company.
LLP was introduced to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.For a Limited Liability Partnership registration in India, SMITH TAX is one of the most affordable and steadfast service providers.
Register Here

Why register an LLP company

After deciding on your business model, it's important to choose between the Private limited company registration and LLP, by understanding their differences and advantages they provide, so as to choose what’s best for your business model. The most vital reason for registering as LLP is the limited liability. The members of the firm are only liable for a small amount of debt incurred by it.

This is entirely different from proprietorship and partnership where the personal assets of directors and partners are not protected if the business becomes bankrupt.

Separate Legal Entity:
  • • LLP is a separate legal entity from the partners. Each partner can sue the other in case a situation arises.
Flexible Agreement:
  • • Transferring the ownership of LLP is also simple. A person can quickly be inducted in as a designated partner and the ownership switches to them.
Suitable For Small Business:
  • • LLPs having a capital amount less than 25 lakhs and turnover below 40 lakhs per year do not require any formal audits. It makes registering as LLP beneficial for small businesses and startups.

Check if your firm qualifies for LLP in India

01
For PAN & TAN & Bank Account
. The cost for this procedure is less than Rs.200 and it takes around three weeks to get done.
02
LLP Incorporation Certificate
Once the registrar approves your MOA and AOA, you’re steps closer to getting your LLP registered.
Get your Limited Liability Partnership registered

Quick and easy steps to register LLP -A detailed process

At SMITH TAX, we make the process of LLP registration seamless and hassle-free.

• Arrange basic documents of Partners

• Fill in an online form with accurate information

• Apply for Digital Signature and DIN of Partners

• Prepare all legal documents

• Apply to name availability of the proposed LLP

• Verification of all documents and forms by the respective Government dept and authorities

• File Incorporation Docs with ROC

Register an LLP company

After deciding on your business model, it's important to choose between the Private limited company registration and LLP, by understanding their differences and advantages they provide, so as to choose what’s best for your business model.

The most vital reason for registering as LLP is the limited liability. The members of the firm are only liable for a small amount of debt incurred by it. This is entirely different from proprietorship and partnership where the personal assets of directors and partners are not protected if the business becomes bankrupt.

register LLP -A detailed process

  • Obtaining DSC And DIN
  • Application For Name Approval
  • LLP Agreement
  • The first step is to obtain DSC of the desired partners of the Limited Liability Partnership. The reason for this is that all the forms need to be submitted online and require the directors' digital signatures.
  • The law also requires that all directors file for a DIN number. The application has to be made in Form DIR- 3.
  • This process involves registering the LLP. Before you do this, you would need to see if the name is already taken. You can check on the free search facility on the MCA portal.
  • The registrar only approves LLP names that are not taken before.
  • The approval of the name will be made by the Registrar only if the Central Government does not deem it undesirable.
  • The name should also not hold any resemblance to any of the existing partnership firms, LLPs, trademarks, or body corporates.
  • LLP agreement is very crucial in a limited liability partnership as it determines the mutual rights and duties amongst the partners, and between the LLP and the partners.
  • The partners enter into the LLP agreement upon the LLP registration by filing form 3 online on the MCA portal. This procedure has to be done within 30 days of the date of incorporation.

LLP Registration Package

SMITH TAX is cognizant of the new process. For years, we have helped many entrepreneurs, financial advisories, ad agencies register their businesses as LLP India. From Chennai to Bangalore to Mumbai and more, our LLP services are comprehensive and reach every corner of the country.
  • • DSC for one director and DIN for up to three directors
  • • Drafting of MoA & AoA
  • • Registration fees and stamp duty
  • • Complete support on opening a Current Bank Account
  • • Comprehensive and on-time updates on ROC compliances.
  • • Online Accounting Software valid for one year.li>