Limited Liability Partnership (LLP) Registration
Limited Liability Partnership Act, 2008 brought with it the concept of LLP. The benefits of LLP are that it is simple to maintain & it provides the privilege of limited liability to the owners. Thus combines the benefits of both company & partnership into a single organization. One partner is not responsible or liable for another partner’s misconduct or negligence. Therefore, all partners have a sought of limited liability for each individual’s protection within the partnership, similar to that of the shareholders of a corporation.
Fast, Easy Limited Liability Partnership Creation
Minimum Requirement for LLP
- Minimum of two people as a partner
- Minimum Capital shall be Rs. 10,000
- DIN for all the Partners
- Digital Signature for all the partners
- Consent From the partners
- Proof of Registered Address
- NOC from the owner of the premises
Document Requirement for LLP
- Latest Colour Photo of all the partners
- Pan Card of all the partners
- Address Proof of all the partners. In case Premises is taken on Rent / Lease, a Rent agreement will also be required.
- Signature on the DSC Form
- Signature on Affidavit for DIN
- Signature on the Consent form
Simple Steps to LLP Incorporation
- Obtaining DSC & DPIN It takes around 14-20 days to incorporate an LLP at Sarvam Associates which may vary subject to the processing time & whether the proposed partners have their DSC & DPIN ready or not which basically takes around 5-7 days.
- Name Approval can be obtained in 5 to 7 working days subject to availability, guidelines, processing time, etc wherein an application for Name Approval is filed in Form-1 along with the proposed names of a maximum of 6 & minimum 1 person with the MCA.
- After the name is approved, the LLP Agreement is drafted & sent MCA Approval along with Form-2, Form-3, Form-4 & Form-9.MCA will generally approve the application for incorporation in 5 to 7 days, subject to their E-forms processing time & filed in proper order.
To know about Private Limited Company Registration click on this link