Overview of Limited Liability Partnership Registration
The Limited Liability Partnership (LLP) is an upgraded version of the General Partnership. The LLPs are governed by the Limited Liability Partnership Act 2008. The LLP Act 2008 was published in the official Gazette of India on 7th January 2009 and was notified with effect from 31st March 2009.
As the name suggests, LLP is a partnership firm in which some or all partners have limited liability. LLP Registration has become quite easy and its compliance is also less compared to the Private Limited Company.
LLP is emerging as the most preferred form of business among several entrepreneurs. The reason why it is preferred over others is that it consists of benefits of both the partnership firm and company.
Every company registered as LLP is required to add “LLP” at the end of the company name.
What are the minimum requirements to register LLP firm?
For every applicant who is willing to start an LLP should fulfil the minimum requirements of LLP registration as follows:
- Minimum two designated partners;
- One of the partners must be an Indian resident;
- All the designated partners must have DPIN (Designated Partners Identification Number);
- Every designated partner is required to hold DSC (Digital Signature Certificate);
- The applicant must have the address proof of the registered office which can be either a residential or commercial place.
Documents required for Limited Liability Partnership Registration in India
To obtain LLP registration in India, you are required to present the following documents:
From all the Designated Partners
- A copy of PAN card of all the designated partners;
- A copy of an Aadhaar card of all the partners;
- Address proof such as latest mobile or telephone bill, bank statement etc.;
- Identity proof of all the partners such as Passport or Driving licence or Voter’s ID card at the time of incorporation;
- Passport-size photograph of every director and shareholder;
- In case, any of the partner is an NRI or foreign national, then he/ she should present the apostilled or notarized passport.
For the proposed registered office (Residential or Commercial)
- Latest address proof of the registered office such as the electricity bill or water bill or landline bill or property tax receipt;
- In case, your office is on a rented premise, NOC (No-Objection Certificate) from the owner is mandatory;
- A copy of Notarized Rental Agreement, in case the property is rented.