LLP Registration
 

In India, Limited Liability Partnerships became popular after the enactment of the Limited Liability Partnership Act in the year 2008. Many start-ups and small businesses chose this form of partnership over the traditional form of partnership and company as it offers the advantages of both the partnership and company.

The leading edge of an LLP is one partner is not responsible for the other partner's wrongdoing or negligence. Professionals, Micro and Small enterprises prefer to form LLP for their business. LLP offers the benefit of limited liability towards owners and, at the same time, needs minimum maintenance.

Minimum Requirement for Limited Liability Partnership:

•   A minimum number of two Designated partners who are adults.
•   One of the partners of a Limited Liability Partnership has to be an Indian Citizen and Indian Resident.
•   The other partner(s) can be a Foreign National.
•   The partners can be natural persons or an artificial legal entity.

Benefits of Forming an LLP

There are many benefits to run a business by constituting as an LLP which is outlined below:

• Dual advantages- Partnership with features of a company
• No partner can be responsible for another partner's misconduct
• Less expensive to incorporate than a private limited company
• Limits the liabilities of its partners
• Can raise funds from partners, banks and NBFCs

Documents required to register a Limited Liability Partnership:

Documents from Partners / Designated Partners

Identity Proof

1.   Permanent Account Number (PAN) Card
2.   Aadhaar Card / Passport / Driving License / Voter Identity Card

Address Proof

1.   Telephone Bill / Mobile Bill
2.   Electricity Bill / Water Bill
3.   Bank Statement /Bank Passbook with latest transaction
4. *(Any one of the Document not older than 2 months)

Passport size Photographs

Notes:

1. All the Copies of documents must be Self-Attested by the applicant.
2. Telephone Bill / Mobile Bill/Electricity Bill / Bank Account Statement must be in the name of applicant and should not be older than 2 months.
3.  In case of NRI or Foreign National, documents of partner(s) must be apostilled.

Registered Office – Address

1.   No-Objection letter from the Owner of Address to use the address of the registered office of the Company.
2.   Address Proof – In the name of the Owner:
   Electricity Bill, Telephone Bill (Fixed Line Only), Gas Bill or Water Bill (Not older than 2 months);- To be signed by the of the Owner of Premises.
3.   Rent Agreement (if rented)