How should I set up a LLC in India?

One can set up 2 types of organizations in India with limited liabilities which are Limited Liability Partnership and Private/Public Limited Company. Process of registration of both organizations, an LLP and Company is simplified with online applications. The registration is obtained from the Ministry of Corporate Affairs. Minimum 2 persons are required to incorporate such company/LLP.

Limited Liability Partnership means a form of partnership but with limited liability. Here the partners’ liability is to the extent of their contribution in the LLP.

Following are the steps for registering LLP:

• Step 1: DSC - Firstly we have to take digital signature of all the Designated Partners

• Step 2: DIN- Then we have to apply for DIN (Director Identification Number) in e-form DIR-3

• Step 3: Reservation of name by making application to MCA

• Step 4: After approval of name, file necessary form for incorporation of LLP.

• Step 5: Once the Certificate of incorporation is granted by MCA, we need to prepare LLP Agreement and same is to be filed with MCA.

A Private Limited Company is an organizational vehicle to carry on business in corporate structure. The process of company registration is provided under Indian Companies Act, 2013. The process of company registration is simplified by various amendments in the provisions applicable.

Process for Private Limited Company Registration is briefed below:

• Step 1: Application of Digital Signature Certificate for directors and shareholders

• Step 2: Reservation of name by making application through RUN

• Step 3: Drafting of MoA, AoA and other required documents

• Step 4: Application for Company Registration through e-Form SPICe with SPICe MOA and AOA

If you are looking for setting up a business in India, choose the right structure and get assistance by the experienced professionals. Call experts at LegalWiz.in on 1800-313-4151 or simply drop us a line at Support@LegalWiz.in for personalised assistance.