Limited Liability Partnership Registration (LLP)
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Work Complete by 10 days
Price: ₹ 8500/-*
*Subject to approval of Government portal services
1) Inc. Govt fees upto 50000 capital
2) 2 DSC
3) 2 DIN/DPIN
4) MSME registration
5) LLP Deed Drafting
6) PAN AND TAN
7) Certificate of Incorporation
8) Current account opening support
9) LLP Name Search
10) Form 3
11) Form Fillip
12) Rs. 500 stamp paper
Limited Liability Partnership (LLP) Registration
Limited Liability Partnership (LLP) Registration in Pune has evolved into an alternative business structure that combines the benefits of a company and the flexibility of a partnership firm into a single entity. This one-of-a hybrid is ideal for establishing small and medium-sized businesses. In India, it is very simple to manage and incorporate a LLP. LLP is one of the best types of organizations to use when starting a business as a startup.
The Limited Liability Partnership Act of 2008 established and governed LLP registration. The process of legally establishing a Limited Liability Partnership in Pune in accordance with the regulations and guidelines outlined by the Ministry of Corporate Affairs (MCA), Government of India. The LLP registration procedure is completed online.
LLP is an association of two or more persons for carrying on a lawful business with a view to profit
In an LLP, one partner is not liable for the other partner’s misconduct or negligence. The partners are responsible for all compliances and provisions outlined in the LLP agreement. The Designated Partner must be a natural person over the age of 18.
Minimum requirements for registration of a Limited Liability Partnership (LLP)
✑ Designated partners (2) (no upper limit as such)
✑ No minimum capital requirement
✑ Digital Signature Certificate (DSC) for all Designated Partners
✑ DPIN (Designated Partner Identification Number)
✑ Designated partners must be age of 18 years or more
Process for Registration of a Limited Liability Partnership (LLP)
Step 1- Obtaining Digital Signature Certificate (DSC) of the Designated Partners – Each prospective Designated Partner and Partner must obtain a Digital Signature Certificate (DSC).
Step 2- Name application for Limited Liability Partnership (LLP) with MCA – An application for a LLP name must be submitted to the Ministry of Corporate Affairs (MCA). The proposed LLP name must be unique. The unique name must be reflect the nature of business. At the end unique name end with LLP or Limited Liability Partnership. The name must comply with the rules and guidelines provided by the Ministry of Corporate Affairs (MCA). The approved LLP name is valid for three months from the date of approval. If the proposed LLP is not formed within that time frame, the name will lapse and become available to another applicant/LLP.
Step 3-Incorporation documents – After name approval of the LLP, all the documents and details regarding registered office, designated Partners shall be filed through online forms (fillips Form) with the payment of government fees.
Step 4- Government approval – If Ministry of Corporate Affairs (MCA) finds all the documents and information complete and acceptable, the MCA approve the forms and issue Certificate of Incorporation with Pan card and Tan allotment letter. Certificate of Incorporation is conclusive evidence of registration.
Step 5– LLP Agreement– Once a LLP is established in Pune. A LLP deed or LLP agreement must be prepared. Stamp duty will be paid based on the LLP’s capital contribution. The amount of stamp paper is determined by state laws. Stamp duty on LLP agreement is different for each state in India. Following the signing of the LLP agreement, the agreement must be filed with the Ministry of Corporate Affairs (MCA). A LLP agreement is a critical document that outlines the rights and duties of partners, profit-sharing ratios, and other terms. It is recommended to have a well-drafted LLP agreement to avoid future disputes. LLP agreement must be filed with the Ministry of Corporate Affairs (MCA) within 30 days from date of incorporation of the LLP
Step 6- Opening of Current Account – Once a LLP is registered in India. The LLP must submit all the required documents and apply for a current account with any banks.
All LLP registration process can be completed within 8 to 10 days’ subject to approval of Ministry of Corporate Affairs (MCA)
Minimum Documents required for registration of a Limited Liability Partnership (LLP) in Pune
Once the name is approved, you need to prepare the following documents:
📋 Pan card of each Designated Partner
📋 Aadhar Card of each Designated Partner
📋 Electricity bill for not more than 2 months
📋 Passport size photograph of each Designated Partner
📋 Passport/Driving license/Voting Card of each Designated Partner
📋 Bank statement/Utility bill for not more than 2 months of each Designated Partner
📋 Address proof for registered office of LLP
Advantages of a Limited Liability Partnership (LLP) Registration in Pune
✑ Limited Liability – In the event of the LLP’s bankruptcy, the personal assets of the designated Partners are protected.
✑ Credibility – Many financial institutions like Banks NBFCs, vendors, and customers prefer to do business with LLPs, this type of business structure has a better image and credibility.
✑ Low registration costs – The cost of registering an LLP is lower than that of registration of a private limited company or another type of company.
✑ No minimum capital – A LLP can be registered with a small amount of capital.
✑ No mandatory audit – LLPs are not required to have their accounts audited. The LLP must be audited in the following circumstances:
– When the LLP’s contributions exceed Rs. 25 lakhs, or
– When the LLP’s annual turnover exceeds Rs. 40 lakhs.
✑ Low compliance cost– Cost of Annual compliance like filing of various MCA forms is low as compared other Private Limited Company.
✑ Legal recognition – LLP can file case on other legal entity and any other legal entity can file case on LLP as it is registered under law.
✑ Ownership – LLP is capable of acquiring, owning, holding and developing or disposing of property, whether movable or immovable, tangible or intangible.
Overview
The LLP is considered as a separate legal entity. Limited Liability Partnership (LLP) can deal or trade or enter into business transaction with all types of businesses or corporates or legal entities. LLP allows for flexibility in management and operation, similar to a partnership. LLPs are suitable for various small and medium-sized businesses, including professional services, consulting, and startups. Further it is advisable to consult or take assistance of an expert professionals like Anuvartana Services LLP for error less and smooth LLP Registration in Pune.
If you want to register a LLP, Anuvartana Services LLP is best place for it.
For more information or assistance in registering a LLP in Pune, you can connect our experience experts for a free consultation. on 8975973470 or anuvartanaservices@gmail.com
You can easily complete the LLP registration process with the help of anuvartanaservices.com within as little as 7-8 days!
The cost of LLP registration in Pune is determined by several factors, including the number of designated partners, registered office location, and professional service provider fees. The average cost of LLP registration in Pune is between Rs. 7,500 to Rs. 15,000.
A minimum of two designated partners, a registered office address in Pune, and a minimum capital contribution are required to form an LLP in Pune.
Yes, a foreign national can be a designated partner in a Pune-based LLP.
Maintaining statutory registers and books, filing annual returns and financial statements with the ROC, and complying with the tax and regulatory laws applicable to the business are all compliance requirements for an LLP registered in Pune.
LLP registration is the process of registering a Limited Liability Partnership under the Limited Liability Partnership Act, 2008 with the Registrar of Companies (ROC) in Pune.
No. According to the law, minors under the age of 18 cannot become Designated Partners in a LLP.