LIMITED LIABILITY PARTNERSHIP

Limited Liability partnership is a refined option over a partnership. With the benefits of the company's limited liability and flexibility of a partnership, this corporate business option has won many choices among entrepreneurs. Register your LLP with us to make your partnership a separate legal entity.

Documents required for LLP registration in India

Enjoy the least paper and legal work by choosing LLP registration:

Documents To Be Submitted By Partners:

Scanned copies of the following:

• PAN card or Passport (NRIs & Foreign Nationals)
• Voter's ID/ Adhar Card/ Driving License/ Passport as an Identity proof.
• Latest Telephone/Mobile/Gas/electricity bill or Bank Statement as an address proof.
• Passport-size photograph of partner.
• Email Id and mobile numbers.

NOTE:

• The first three documents must be self-attested by the partners.
• Foreign Nationals: All the documents must be notarized (if currently in a non-commonwealth country) or apostilled (if in a commonwealth country)

Documents For The Registered Office:

Scanned transcript of the following:

• Latest electricity or gas bill /telephone or mobile bill
• Rental/Lease Agreement (Notarized)
• No- Objection Certificate from the property owner
• In the case of owned property: Sale Deed/ Property Deed

NOTE: A registered office can also be residential space.

Minimum Requirements to Register a LLP:

• At least two partners
• A natural nominee, if a body corporate is a partner
• No Minimum requirement of capital contribution
• One Indian Resident as a designated partner

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FAQs

• What is Limited Liability Partnership (LLP) registration?
  Limited Liability Partnership (LLP) registration is the best form of business entity for small businesses with the advantage of limited liability of a company, separate legal entity, lesser compliance and cost effective process flexibility of partnership.
• What is small LLP Limited Liability Partnership?
  A ‘small limited liability partnership’ is the new concept as per the latest amendment effective from 01st April 2022 which defined any LLP whose contribution is below Rs. 25,00,000 (Rupees Twenty-Five Lakhs) and whose turnover for the preceding financial year does not exceed Rs. 40,00,000 (Rupees Forty Lakhs). The government may prescribe other higher amounts in case of contribution and turnover (not exceeding Rs 5,000,0000 (Rupees Five Crore) & Rs. 50,00,00,000 (Rupees Fifty Crores) in latter via notification.
• What is Start-Up Limited Liability Partnership (LLP)?
  The LLP Amendment Act 2021 is applicable w.e.f 01/04/2022 has also given power to the Central Government to recognize certain LLPs registered under the Limited Liability Act, 2008 as START-UP Limited Liability Partnership LLPs by issuing notifications from time to time.
• How many person are required to register a Limited Liability Partnership (LLP)?
  Only Two person are required to register a Limited Liability Partnership (LLP) in India which can be an individual or artificial person like LLP, Company, etc
• What are the maximum number of partners which can be admitted to a Limited Liability Partnership (LLP)?
  The LLP Amendment Act 2021 which is applicable w.e.f 01/04/2022 has allowed that maximum number of 500 Partners can be admitted to a Limited Liability Partnership (LLP)
• What is the minimum capital required to register a Limited Liability Partnership (LLP)
  There is no minimum capital required to register a Limited Liability Partnership (LLP) as one can start with any amount but it is preferred to start a LLP with minimum capital of Rs 50000.
• Can NRIs/ Foreign Nationals be designated/ Individual partners in LLP?
  Yes, a NRIs/ Foreign Nationals can become designated or Individual partners in LLP by obtaining DPIN. The condition is that LLP must have at least one partner to be an Indian Citizen and resident of India.
• Does Foreign Direct Investment (FDI) is allowed in LLP ?
  Foreign Direct Investment (FDI) is allowed under automated and approval route in an LLP by the Foreign Investments Promotion Board (FIPB)
• Which is better LLP or Private Limited Company?
  LLP is better for running a small business and closely held family venture for hold on ownership with fewer compliances. It is the cost effective to register a LLP in comparison to Private Limited Company. The audit of LLP is not mandatory until it crosses the threshold of Rs 40 lakh in a Financial year.
• Whether the GST registration is compulsory required for LLP?
  The GST registration is only required when the LLP in Intra-State Supplies aggregate turnover reaches the threshold limit of Rs 20 lakh or Rs 40 lakh. The LLP doing business transaction of Inter State supplies or export shall mandatory get the GST registration.