Limited Liability Partnership (LLP) Registration

Running your business with partners? Register as Limited Partnership Firm and Limit your liability with Cleartax
₹ 10,000

About This PlanAbout This Plan

Limited Liability Partnership firm (LLP) is a new concept in firm registration where partners get limited liability protection. This plan is designed to help you register your business as an LLP. Other services like assistance in appointment of auditor, advisory on other government registrations are also covered in the plan.

Services Covered

  • Filing of E-forms with the Registrar of Companies (ROC)
  • Online Documents Collection
  • Designated Partner Identification Numbers-DPINs (2 nos.)
  • Digital Signature Certificates-DSCs (2 nos.)
  • Name Approval
  • PAN Application
  • TAN Registration
  • Issue of Certificate of Incorporation
  • Includes Government Fees and Stamp Duty upto 1 Lakh Capital Contribution by Designated Partners

Who Should Buy

  • Minimum two directors and two shareholders
  • Companies, body corporates or already existing partnerships
  • LLPs registered outside india
  • Startups and SMEs looking for carrying business with minimal legal formalities

How It's DoneHow It's Done

  • Purchase of Plan
  • DSC & DPIN Application
  • Name Reservation
  • Filing of application with Registrar
  • Receipt of Registration Certificate
15 days estimate

Information GuideInformation Guide

Documents To Be Submitted

  1. Photo ID proof of partners
    E.g: PAN or passport or Aadhar card
  2. Address proof of partners
    E.g: Passport or telephone bill
  3. Specimen signature
  4. No objection certificate from the owner
  5. Ownership proof
    This is your property sale deed
  6. Rent agreement of your registered office

FAQsFAQs

  • What is an LLP?

    A Limited Liabilty Partnership firm (LLP) is a hybrid structure between a partnership firm & a private limited company where the business is carried out in a corporate framework, guided by terms of the mutually adopted partnership deed.

  • What are the advantages of registering as an LLP over general partnership firms?
    • Liability- In a general partnership firm, partners are personally liable for debts of the business which means that even their personal property may be used to settle the firm’s debts. Whereas, the liability of partners is limited in case of an LLP.
    • Immunity against wrong doings of other partners- Under LLP structure, partners are not responsible for negligence or misconduct of other partners whereas in general partnership firms, partners can be held responsible.
  • Does the Income Tax Act treat partnership firms and LLPs differently?
    • Both general partnerships and LLPs are taxed at flat rate of 30%.
    • All the other income tax act provisions apply similarly except that general partnership firms are covered under presumptive taxation scheme i.e if turnover is below Rs. 2 crore in business or Rs. 50 lakh in case of profession, there is no need to maintain books of accounts or get accounts audited whereas, LLPs are explicitly not covered.
  • What is the minimum capital requirement for LLPs?

    There is no minimum capital contribution requirement. It can be registered even with Rs. 100 as total capital contribution.

  • What is the audit requirement for LLP?
    • Accounts of an LLP are required to be audited when the turnover is Rs. 40 lakh or more or when the total capital contribution is Rs. 25 lakh or more.
    • The auditor of an LLP is appointed annually by the designated partners.
    • The first auditor is appointed before the end of the financial year. Subsequent appointment or reappointment of the auditors is made one month before the closing of the financial year by the designated partners.
  • What is the stamp duty payable for LLP incorporation?

    The stamp duty payable depends on the state you incorporate and your authorized share capital.

    Below are the charges for a few states of up to Rs.1 lakh of share capital:

    • Karnataka, Maharashtra: Rs.1000
    • Delhi: 1% of the capital
    • Andhra Pradesh: Rs.500
    • Uttar Pradesh: Rs.750

    Apart from this, notary charges of Rs.340 will apply for two partners affidavits and related stamp duty.

  • What is the government fee applicable for a LLP incorporation?

    Below are the charges applicable for DIN and other government forms for upto Rs.1 lakh of authorized capital:

    • DIN (2 Nos): Rs.1000
    • Form 1: (Name approval) Rs.200
    • Form 2: (Incorporation document) Rs.500
    • Form 3: (LLP agreement) Rs.50
    • Form 4: (Partners consent) Rs.50

    If your authorized capital is greater than Rs.1 lakh, the charges for Form 2, 3 and 4 will differ.

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  • About This PlanAbout This Plan

    Limited Liability Partnership firm (LLP) is a new concept in firm registration where partners get limited liability protection. This plan is designed to help you register your business as an LLP. Other services like assistance in appointment of auditor, advisory on other government registrations are also covered in the plan.

    Services Covered

    • Filing of E-forms with the Registrar of Companies (ROC)
    • Online Documents Collection
    • Designated Partner Identification Numbers-DPINs (2 nos.)
    • Digital Signature Certificates-DSCs (2 nos.)
    • Name Approval
    • PAN Application
    • TAN Registration
    • Issue of Certificate of Incorporation
    • Includes Government Fees and Stamp Duty upto 1 Lakh Capital Contribution by Designated Partners

    Who Should Buy

    • Minimum two directors and two shareholders
    • Companies, body corporates or already existing partnerships
    • LLPs registered outside india
    • Startups and SMEs looking for carrying business with minimal legal formalities
  • How It's DoneHow It's Done

    • Purchase of Plan
    • DSC & DPIN Application
    • Name Reservation
    • Filing of application with Registrar
    • Receipt of Registration Certificate
    15 days estimate
  • Information GuideInformation Guide

    Documents To Be Submitted

    1. Photo ID proof of partners
      E.g: PAN or passport or Aadhar card
    2. Address proof of partners
      E.g: Passport or telephone bill
    3. Specimen signature
    4. No objection certificate from the owner
    5. Ownership proof
      This is your property sale deed
    6. Rent agreement of your registered office
  • FAQsFAQs

    • What is an LLP?

      A Limited Liabilty Partnership firm (LLP) is a hybrid structure between a partnership firm & a private limited company where the business is carried out in a corporate framework, guided by terms of the mutually adopted partnership deed.

    • What are the advantages of registering as an LLP over general partnership firms?
      • Liability- In a general partnership firm, partners are personally liable for debts of the business which means that even their personal property may be used to settle the firm’s debts. Whereas, the liability of partners is limited in case of an LLP.
      • Immunity against wrong doings of other partners- Under LLP structure, partners are not responsible for negligence or misconduct of other partners whereas in general partnership firms, partners can be held responsible.
    • Does the Income Tax Act treat partnership firms and LLPs differently?
      • Both general partnerships and LLPs are taxed at flat rate of 30%.
      • All the other income tax act provisions apply similarly except that general partnership firms are covered under presumptive taxation scheme i.e if turnover is below Rs. 2 crore in business or Rs. 50 lakh in case of profession, there is no need to maintain books of accounts or get accounts audited whereas, LLPs are explicitly not covered.
    • What is the minimum capital requirement for LLPs?

      There is no minimum capital contribution requirement. It can be registered even with Rs. 100 as total capital contribution.

    • What is the audit requirement for LLP?
      • Accounts of an LLP are required to be audited when the turnover is Rs. 40 lakh or more or when the total capital contribution is Rs. 25 lakh or more.
      • The auditor of an LLP is appointed annually by the designated partners.
      • The first auditor is appointed before the end of the financial year. Subsequent appointment or reappointment of the auditors is made one month before the closing of the financial year by the designated partners.
    • What is the stamp duty payable for LLP incorporation?

      The stamp duty payable depends on the state you incorporate and your authorized share capital.

      Below are the charges for a few states of up to Rs.1 lakh of share capital:

      • Karnataka, Maharashtra: Rs.1000
      • Delhi: 1% of the capital
      • Andhra Pradesh: Rs.500
      • Uttar Pradesh: Rs.750

      Apart from this, notary charges of Rs.340 will apply for two partners affidavits and related stamp duty.

    • What is the government fee applicable for a LLP incorporation?

      Below are the charges applicable for DIN and other government forms for upto Rs.1 lakh of authorized capital:

      • DIN (2 Nos): Rs.1000
      • Form 1: (Name approval) Rs.200
      • Form 2: (Incorporation document) Rs.500
      • Form 3: (LLP agreement) Rs.50
      • Form 4: (Partners consent) Rs.50

      If your authorized capital is greater than Rs.1 lakh, the charges for Form 2, 3 and 4 will differ.

  • ReviewsReviews

    Reviews

    Average Rating

    Hi. Thank you for stopping by.

    How do you rate our service?

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