How to Register LLP Company in India

1. How to Register LLP Company in India Limited Liability partnership is a combination of partnership firm and company, it has features of both the entities. All the rule and regulations for LLP Registration is made under LLP Act, 2008, this concept is introduced in India in the year 2009 by the Central Government of India to promote the business in India in the form of partnership. This is a partnership with the features of a private limited company or other companies like it is a separate legal entity, perpetual succession, can own property on its name, the partner has limited liabilities, etc. To register LLP or Limited liability company minimum of 2 individual persons are required as a designated partner and neither there is a minimum capital requirement. Once the LLP is registered it is valid for a lifetime until the LLP closure application is made to the registrar to close the LLP properly. LLP is the best option for the start-up as it is very easy to open it and the chance of getting financial support is also very high. The LLP can also take part in the initiative which is the start or launched by the government for corporate sectors. Due to the governance of the central government or ROC, the LLP can get financial support very easily in comparison to a normal partnership firm or proprietorship. Documents Required For LLP Registration: For Designated Partner/Partner PAN card Identity proof (voter Id card/passport/driving license), anyone Address proof (bank statement/mobile bill/telephone bill/electricity bill), anyone but should be latest means not older than 2 months Photo

2. For Registered Office Address: Sale deed or house tax receipt if owned, rent agreement if rented Utility bill (electricity bill/mobile bill/telephone bill/gas bill), anyone but should be the latest one NOC from the owner of the property Procedure to Register LLP in India: 1.Name Reservation: A name reservation application shall be filed first to reserve the name, the name is a very important part of any business because the name is the identity of the business therefore, it should be unique and approved by the government. The name should have the word “LLP” at the end of the name, the approval is always dependent upon the examiner, whether it is a trademark examiner or registrar of companies. Once the name is approved it is valid for 3 months. 2.DPIN & DSC: DPIN means Designated partner identification number, this is a unique number which is allotted to the designated partner earlier the partners must have DPIN before name reservation application but now there is no need to have DPIN for LLP registration, it can be applied with the registration of LLP. But without a digital signature, no LLP can be registered as the form can be signed only by DSC. 3.Drafting and Signing of Documents: After name approval, certain documents will be drafted and those documents will be signed by the designated partner and partner both and the same will be submitted to the registrar as an attachment of the form. 4.Final Form: After completion of all the above procedures the final form shall be filled and signed and then submitted to the registrar along with all relevant documents. If the registrar will be satisfied with the application form, then he will approve the application and issue a certificate of incorporation. 5.PAN Application: Once the certificate of incorporation is issued a PAN application shall be filed for PAN allotment to the NSDL Pan department. 6.Submission of LLP Agreement: After LLP registration the agreement will be drafted and the same shall be submitted within 30 days of incorporation. The agreement shall be executed on stamp paper and they should be notarized. The value of stamp paper shall be determined by the capital contribution in the LLP and the state of the registered office situated. For more details visit: Registerexperts.com