The main features of a Limited Liability Partnership are:

  1. Limited liability unlike partnership firm which has a unlimited liability
  2. They are very easy to maintain
  3. Completely online process

The disadvantages of the LLP are:

  1. You cannot raise funds through equity shares in LLP
  2. LLP cannot be converted into Private Limited

You should register a LLP if you are experimenting with your idea or it’s a family business. LLP registration is a completely online process an can be completed in 10-15 working days.

The documents required for LLP registration are as follows

The documents required from the partner and
shareholders are:

  • Pan Card
  • Aadhar-card/Passport/ License
  • Bank Statement/ Mobile Bill / Utility Bill having address

Documents required of the proposed registered address
are as follows:

  • Electricity bill/Other Utility Bill of the proposed registered address
  • NOC or rent agreement from the owner of the premises

Even if the partner is owner of the property NOC is needed from him

The steps/procedure to register a LLP are

Step 1: Applying for DSC (digital signature)

This is required to sign and submit the form online. It is also used to sign and upload the income tax returns and annual returns of the LLP. The digital signature is in a pen drive and can be obtained from vendors like E Mudhra or Sify.
Digital signatures are to be applied for all the designated partners. Its not mandatory for the normal partners though

Step 2 : RUN-LLP application (Reserve Unique name- Limited Liability Partnership)

We can apply for 2 names. The names should be unique and should have the activity word mentioned in them. For example the name is divided in 3 parts

  • 1st Part – Prefix
  • 2nd Part – Activity
  • 3rd – LLP

The name should be unique and should not be similar to the existing LLP, Company or trademark. The availability of the name can be checked on http://www.mca.gov.in/mcafoportal/showCheckLLPName.do

Step 3: Filing of form Fillip

This is the final application form. We submit partner KYC documents, office address proof i.e. any utility bill of your proposed registered address, NOC of the owner

Preparation of agreement is the most important step here. We prepare a agreement send it for your review.
LLP registration can be completed in 10 working days and is a completely online process

For Registration of Limited Liability Partnership Firm

Call Us 07877351246