Limited Liability Partnership Formation

Registering a Limited Liability Partnership Company offers many benefits. 

• Limited Liability of Partners

• Separate Legal Entity

• Continuity of Existence

• Minimal Regulatory Compliance

• Transferability of Ownership

Registering a Limited Liability Partnership Company will require the following. 

• Minimum of two persons as Partners & Designated Partners

• No minimum Capital is required for LLP Registration

• At least one Designated Partner should be resident in India.

• Partners are not restricted by citizenship but should be aged above 18 years of age

• At least one Designated Partner should be a resident of India

• Foreign residents are also allowed as Designated Partners after obtaining Designated Partner Identification Number.

The Ministry of Corporate Affairs governs the company registration process. The below registration process is basis the governing laws of MCA:

• Step 1: Application for DSC &DIN for Partners

• Step 2: Application filing for Nameavailability

• Step 3: Drafting and Filing of LLP agreement

• Step 4: Drafting and Filing of eMoa and eAoA

• Step 5: Apply for PAN and TAN of the company

• Step 6: Certificate of Incorporation issued by RoCalong with PAN and TAN

• Step 7: Open a Current Bank account on the company name

In India, Limited Liability Partnership Company registration cannot be done without proper identity and address proof. Prescribed documents will be needed for all the directors and the shareholders for the company incorporation. Listed below are the documents that are accepted by MCA for Limited Liability Partnership Company registration

Identity & Address Proof of Partners:

• Copy of Pan Card of Directors (mandatory)

• Aadhaar Card or Voter Id card or Driving License or Passport

• Any one of Bank Statementor Electricity Bill or Mobile Bill (not older than 2 months)

• Passport Size Photograph of Directors

Proof of Registered Office:

• Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)

• Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one)

• NOC from Landlord