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LLP is a Limited Liability Partnership. It is a combination of both Company & Partnership. Basically, it is a partnership wherein all partners have restricted liabilities. This considered as easy incorporate because not all partner is liable for any other partners’ wrong conduct or carelessness. Moreover, everyone is responsible for their misconduct & happening.

The Limited Liability Partnership registration executed in India in January 2009. LLP was introduced to offer a form of business benefits such as easy to maintain and to assists partners by providing them with limited liability. To register LLP, one requires all the mandatory documents form fill-ups and then forward it to Registrar of Companies office.

LLP Registration takes about 7-8 working days. LLP formation is one of the easiest types of companies to incorporate in India. Because of its easy formation and easy compliance formalities it is eligible for MSMEs and Professionals. Therefore, Apply Today and save more than 50% cost than regular. But what it is a requirement or eligibility criteria for its registration.

Requirements to Register an LLP

Minimum 2 Partners (18 years and above age)
No Capital Requirement
At least one Designated Partner as Indian Resident
DIN for all Partners

Documents required for LLP formation

• ID (Identity proofs) of all the designated partners.
Copy of the PAN card of all the designated partners.
Passport size photograph of all partners
Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
Utility Bill like Electricity/ Water bill/ Telephone bill/ Latest bank statement as proof of Registered Office (Business Place)
Copy of Sale Deed/Property Deed (If owned property)
A No-Objection Certificate (NOC) from the landlord of the location of your registered office.
A copy of the rental agreement.
Passport (For Foreign Nationals/ NRIs)
Get your DSC (Digital Signature Certificate)
Copy of NOC from the property owner

All of the above are main and important LLP formation documents. But there are some forms that need be to fill up before submission of documents to the Registrar.

LLP registration form

RUN – LLP (Reserve Unique Name-Limited Liability Partnership): A form for reserving a name for the LLP
FiLLiP (Form for incorporation of Limited Liability Partnership): A Form for incorporation of LLP
Form 3(Registration of Agreement with MCA) : Form 3 need to file for the purpose of registration of LLP Agreement.

Step 1: Apply for Digital Signature Certificate (DSC)

Before beginning the process of registration, you must register for the DSC of the partners of the LLP. Filling for DSC is necessary because LLP registration is made online. So, online processing asks for a digital sign. So, the LLP partners need to get the DSC from government-approved certifying companies.

Step 2: Apply for DIN & DPIN

After DSC application completion look to file for the Application of DIN (Director Identification Number) and DPIN (Designated Partner Identification Number). Within a time duration of 5 to 7 working days. The application for allotment of DIN must comply with Form DIR-3. You have to attach the scanned copy of Aadhaar and PAN to the form. The form requires signatures of Company Secretary in full- time employment of the company. Even, the Managing Director, Director or CEO of the existing company in which the applicant introduces as designated director.

Step 3: Name Approval & Reservation with ROC

LLP-RUN needs to certified for the reservation of the name of proposed LLP. Even, this is additionally treated by the Central Registration Centre under Non-STP. However, before circulating the name in the form, it is recommended to search the name’s existence. The limit for names for LLP is 1-6 words given to the MCA. The registrar will approve the name only if the name is meaningful in the eyes of the Central Government. Note: The Name approval process will take 1 to 2 working days. Even, re-submission of the form is made 15 days in case of rejection(provisions are subject to change by government time to time).

Step 4: MOA & AOA submission

So, After the name approval, one needs to draft the Memorandum of association and Articles of Associate. Both MOA and AOA files with the MCA with the agreement statement.

Step 5: Get Incorporation Certificate of LLP

The incorporation is FiLLiP that registers with the Registrar who has control over the state in which the certified office of the LLP is established. Incorporation documents can be given to the MCA along with an application for incorporation. Incorporation certification is a sign that the company has been commenced. It also includes your CIN number. All the above are important documents. But, After LLP Registration there are 2 steps one must follow.