Limited Liability Partnership Registration: - (LLP)

Limited Liability Partnership Registration: - (LLP)

The basic premise behind the introduction of limited-liability partnership is to provide a form of business entity that is enough to maintain while providing Limited Liability to owners.

LLP is one of the easiest types of businesses to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are not capable of issuing equity shares.

The cost for registration of LLP is normally higher than the cost for registration of a Partnership Firm.

Authority: LLPs are registered in India under the Ministry of Corporate Affairs, Central Government, Partnership firms registered with the register of Firms, controlled by the respective State Government in which the firm is registered.

Documents required for LLP Incorporation

For the Partners

• Pan Card
• Driving Licence or Aadhaar Card, residence proof or EB Card, or any other proof issued by the government.
• Less than 3 months old bank statement or telephone bill

For the Firm (Registered Office Proof)

• The authentication from the landlord (name mentioned in the electricity Bill or Gas Bill or Water Bill or Property Tax receipt or Sale Deed) to use the premises by the company as its registered office.
• Proof of the evidence of any utility service like telephone, gas, electricity, etc.. Depicting the address of the premises in the name of the owner or document, which is not older than two months.

The average time taken to complete an LLP Registration is about 20 to 25 days, subject to government processing time and client document submission. LLP Act does not permit registration of identical or similar names existing.