Limited Liability Partnership (LLP) is a body corporate formed and registered under the Limited Liability Partnership Act, 2008 and is a legal entity separate from that of its partners. LLP has perpetual succession. Any change in the partners of LLP shall not affect the existence, rights or liabilities of the LLP.
Every LLP shall have at least two designated partners who are individuals and at least one of them shall be resident in India. In case of an LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.
From Partner
From LLP
Note 1: *Draft will be provided by our team
Separate Legal Identity
As a juristic legal person, both the LLP and its partners have separate legal identity that is distinct from each other.
Perpetual Succession
LLP existence is uninterrupted, even the death or insolvency of partners cannot affect the continuity of business of the LLP.
Limited liability of partners
In LLP, all partners have limited liability similar to that of the shareholders of a limited company.
Less compliances
The statutory compliances as applicable on LLP are less as compared to a company
Audit is not mandatory
Unlike companies, audit requirement in case of LLP arises only when contributions exceed Rs. 25 lakh or turnover exceed Rs. 40 Lakh in any financial year
1. Obtaining Designated Partners Identification Number (DPIN)/DIN
DPIN is similar to DIN to be obtained in case of Limited Entities. All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN).
2. Obtaining Digital Signature Certificate
Obtaining Digital Signature Certificate
3. Reservation of Name
Filing an application in Form RUN-LLP for reservation of name with the Registrar of Companies. At least 2 proposed names of the LLP should be provided.
4. Reservation of Name
Filing an application for incorporation of Limited Liability Partnership in Form FiLLip with the Registrar of Companies for obtaining a "Certificate of Incorporation"
5. Filing of LLP Agreement
Information pertaining to LLP Agreement is required to be filed in Form-3 within 30 days of the date of incorporation
5. Obtaining PAN and TAN from Income Tax Authority
Obtaining PAN and TAN from Income Tax Authority
6. Opening of bank account and obtaining other registration(s), if required
Opening of bank account and obtaining other registration(s), if required
At CompaniesNext we ensure that our clients receive the best services at all times, our team is made up of CAs, Lawyers, CS, IIM graduates, Actuaries, and other auxiliary personnel. Our professionals deliver hassle-free services to any industry using adaptable and personalised solutions. Our current procedure is constantly being improved, and we look for fresh approaches to do the same jobs. We pledge to expedite the completion of every assignment and provide our clients with a smooth experience.
Our Company Registration service include:
DSC of designated partners
2 DIN
Drafting of requisite documents
LLP Registration fees
Certificate of Incorporation
LLP Agreement Drafting
