Get your Limited Liability Partnership (LLP) Registration with BIAT Consultant

Limited Liability Partnership Registration in India

Limited liability Partnership combines the benefit of a partnership firm with that of a limited company. In India LLPs came in the year 2009. The aim behind LLP was to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.

Read More : Process to File Income Tax return for Private limited Company

Benefits of LLP

Following are the benefits of LLP and they are as follows-

Limited Liability

The members of an LLP are only liable for a small quantum of debt incurred by it. On the other hand, for occupancies and hookups, the particular means of directors and mates aren't defended if the business goes void.

Separate Legal Entity

An LLP is a separate legal reality from the mates in it. It has a continued actuality that follows perpetual race, i.e., the mates might leave, but the business remains. The terms of dissolution have to be mutually agreed upon for the establishment to dissolve.

Flexible Agreement

Transferring the power of an LLP is also simple. A person can fluently be instated as a designated mate and the power switches to them.

Suitable For Small Business

LLPs having a capital quantum lower than ₹ 25 lakhs and development below ₹ 40 lakhs per time don't bear any formal checkups. This makes registering as an LLP salutary for small businesses and startups.

Eligibility Criteria

To be eligible for registering as an LLP, the following criteria must be met

At least two mates are needed to form an LLP (no upper limit)

Still, a natural person must be nominated to represent it

If a body corporate is a partner. Each mate must have an agreed donation towards the participated capital

LLP should have an sanctioned capital of at least ₹ 1 lakh

At least one designated mate should be an Indian occupant.

Documents Needed for LLP Registration

To register an LLP you need scrutinized clones of the following documents-

• Visage card or passport ( foreign citizens or NRIs)

• Aadhar card/ namer’s ID/ passport/ driving license

• Rearmost bank statement/ telephone bill/ mobile bill/ electricity bill/ gas bill

• Passport- size snap

• Blank document with instance hand.

• Note One mate must tone- attest the first three documents. In the case of foreign citizens or NRIs, all the documents must be inked (if presently in India or anon-commonwealth country) or apostilled (if from a state country).

• For the listed office

• Utility bills

• Notarized reimbursement agreement in English

• No- expostulation instrument from the property proprietor

• Trade deed/ property deed in English (in case of possessed property).

How to Register an LLP Online with BIAT Consultant

You can register LLP online through BIAT Consultant. While we make LLP enrollment a simple 3- step process for you, the factual enrollment process is elaborate and is explained below for your knowledge

Step 1 Carrying DSC And DIN

All the forms that need to be submitted online bear the directors DSC. So, the first step in the process is to get DSCs and Bow Wows for 2 mates. We collect the necessary information from you and train for them.

Step 2 Operation For Name Blessing

Contemporaneously, we check if the name you want to register under is available and reserve it for your LLP. You can check for name vacuity in the MCA Portal

The blessing of the name will be made by the register only if the central government doesn't suppose it is undesirable. The name shouldn't hold any resemblance to any of the being cooperation enterprises, LLPs, trademarks, or body corporates

Step 3 LLP Agreement

The coming step is to draft the LLP agreement and other documents for enrollment. An LLP agreement is veritably pivotal in a limited liability corporation as it determines the collective rights and duties amongst the mates, and between the LLP and the mates. Therefore, our experts take utmost care in drafting this agreement.

The mates enter into the LLP agreement upon registering the LLP by filing Form 3 online on the MCA gate. This procedure has to be done within 30 days of the date of objectification.

Step 4 LLP Incorporation Certificate

Our platoon will file the necessary forms and documents with the register. Once the register approves all the forms and documents, you get your LLP objectification instrument and are nearly set for running your business.

Step 5 Apply for Your Visage, TAN, & Bank Account

As soon as you get the objectification instrument, we will apply for the Visage, TAN, and bank account for your LLP.