LLP Registration in India
 

The concept of Limited Liability Partnership (LLP) gained popularity in India after the enactment of the Limited Liability Partnership Act in 2008. Startups and small businesses prefer LLPs over traditional partnerships and companies because LLPs combine the advantages of both. LLPs offer limited liability protection to owners while requiring minimum maintenance and compliance.

One of the key benefits of an LLP structure is that one partner is not held responsible for another partner’s wrongdoing or negligence. This makes LLPs a preferred choice for professionals, micro-enterprises, and small businesses.

Benefits of Forming an LLP

Operating a business as an LLP offers several advantages:
✔ Dual benefits – Combines the flexibility of a partnership with the security of a company.
✔ Limited liability – Protects personal assets of partners.
✔ No liability for partner misconduct – One partner’s mistakes do not affect others.
✔ Lower incorporation costs – LLPs are less expensive to register than private limited companies.
✔ Flexible agreement – Partners can draft an LLP agreement based on their business needs.
✔ Funding opportunities – LLPs can raise funds from partners, banks, and NBFCs.

Step-by-Step Process of LLP Registration in India

Step 1: Name Approval

• File an application for reservation of LLP name using the RUN-LLP service on the MCA portal.
• The name must be unique and not similar to an existing business entity.

Step 2: Obtain Digital Signature Certificate (DSC)

• Every proposed Designated Partner must obtain a DSC, as it is mandatory for filing all LLP-related forms.

Step 3: Incorporation of LLP (FiLLiP Webform)

• File the FiLLiP (Form for Incorporation of LLP) along with Webform 9 on the MCA portal.

• FiLLiP is an integrated service for LLP incorporation, which also includes:

  • Issuance of PAN & TAN for LLP.
  • Issuance of DIN/DPIN for Designated Partners.
  • Allows LLP incorporation with up to 500 partners.

• No separate addendum is required for FiLLiP, simplifying the process.

• Consent of Designated Partners who already have a DPIN must be submitted through Webform 9, which is now a linked attachment to FiLLiP.

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Step 4: Filing LLP Agreement (Form 3)

• Within 30 days of LLP incorporation, partners must execute the LLP Agreement and file Webform 3 with the Registrar of Companies (RoC).
• The LLP Agreement outlines partners' rights, liabilities, and duties.
• Previously, Form 3 was downloaded and uploaded separately, but now it must be filled directly on the MCA V3 portal.

LLP Registration Services at Naveen Pandey & Associates

If you are looking for LLP registration in India, Naveen Pandey & Associates provides reliable and cost-effective solutions. We specialize in:
✔ LLP registration online with complete legal assurance.
✔ Assistance with LLP name approval, FiLLiP filing, and LLP Agreement drafting.
✔ Guidance on LLP registration cost, process, and compliance in Delhi.

For expert assistance in LLP formation in Delhi, contact us at [email protected]. Our domain experts will guide you through every step, ensuring a hassle-free registration experience.