LLP-Registration-Procedure

To Register a Startup company as LLP in India you’ll need to take help of professional & licensed company registration service providers like us.


Step by Step Process for Limited Liability Partnership (LLP) Registration:

LLP Registration Procedure:


Step 1:

  We shall obtain Digital Signature for the partners:

Director Identification Number: Every Designated Partner is required to obtain a DIN from the Central Government. If a person already has a DIN, the same can be used for forming LLP.


Step 2:

  We shall apply for the DIN ( Director Identification Number) Number which is necessary to becoming a partner in the LLP:

Digital Signature Certificate: All the forms like eForm 1, eForm 2, eForm 3 etc which are required for the purpose of incorporating the LLP are filed electronically through the medium of the Internet, it is not possible to sign them manually. Therefore, for the purpose of signing these forms, the Designated Partner of the proposed LLP needs to obtain a Digital Signature Certificate (DSC) from government recognized DSA’s.The signatures shall also be required for signing and filing of all relevant forms and documents to be filed, annually or event-based after incorporation of the LLP, asking for approvals or an intimation.


Step 3:

  We shall apply for the Name Approval for the LLP Registration:

The next step is to decide the name for the proposed LLP to be incorporated, anyone intending to incorporate an LLP has to evaluate his proposed name under the prescribed parameters and make an application in Form 1of Rule 18(5) of the Limited Liability Partnership Act 2008, for reservation of the desired name. The name of the limited liability partnership shall not be similar or identical with Company or LLP already registered in India and it should not contains words prohibited under the ‘Emblems and Names (Prevention of improper use) Act, 1950’or which are also not ‘Undesirable’ in the opinion of Central Government or which satisfies the conditions prescribed under rule 18(2). For more information check Name Availability Guidelines.


Step 4:

  We shall make the LLP Agreements:

The next pertinent step is drafting of Limited Liability Partnership Agreement governing the mutual rights and duties among the partners and among the LLP and its partners.


Step 5:

  The basic contents of Agreement are:

  • Name of LLP
  • Name of Partners & Designated Partners
  • Form of contribution
  • Profit Sharing ratio
  • Rights & Duties of Partners
  • Proposed Business
  • Rules for governing the LLP

In case no agreement is entered into, the rights & duties as prescribed under Schedule I to the LLP Act shall be applicable.

It is not necessary to have the LLP Agreement signed at the time of incorporation, as the details of the same needs to field in eform 3 within 30 days of incorporation but in order to avoid any dispute between the partners as to the terms & conditions of the agreement after the formation of LLP, it is always beneficial to have the LLP Agreement drafted and executed before the incorporation of the LLP.


Step 6:

  We will get the Certificate of Incorporation which is the proof for the registration:

After the Registrar is satisfied that all the formalities with respect to the incorporation have complied, he will issue a Certificate of Incorporation as to the formation of the LLP within a maximum of 14 days from the date of filing of documents. The Certificate of Incorporation issued shall be the conclusive evidence of formation of the LLP.


  LLP Registration Package Includes:

  • 2-Digital Signature Certificate (DSC)

    2-Director Identification Number (DIN)

  • Company Name Approval by Ministry
  • LLP Agreement
  • Registration Certificate
  • Permanent Account Number (PAN)
  • Tax Account Number (TAN)

 

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