Limited Liability Partnership (LLP) Registration

Running your business with partners? Limit your liability by registering as Limited Liability Partnership. Purchase plan through ClearTax and get started right away!
₹ 5,999
₹ 10,999 (45% OFF)

About This PlanAbout This Plan

Registering your firm as a Limited liability partnership involves lesser compliance issues as compared to a PLC registration. Want to know the next steps? This all inclusive plan has got you covered! That’s not all! With this plan you also get to use ClearTax invoicing and accounting worth Rs 5999 , absolutely free of cost!

Services Covered

  • ClearTax Accounting and Invoicing Software - Free 6 months subscription
  • 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
  • Name Reservation
  • Filing of LLP and DPIN application with Registrar
  • Receipt of Registration Certificate
20 days estimate

Information GuideInformation Guide

Documents To Be Submitted

  1. Photo ID proof of partners
    Any one of Voter ID or Passport or Driver License
  2. Address proof of partners
    Any one of electricity bill or bank statement or landline bill or mobile 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.
  • Do I need to have any prerequisite documents to start an LLP?

    Due to recent changes on MCA portal, incorporation of LLP can only proceed after 2nd October 2018 if any of the partners do not have DIN / DPIN.

  • My details on my documents have a difference. Can I still incorporate my company using them?

    You will need to have exactly the same details on all your documents to incorporate your company.

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Reviews

Average Rating

Hi. Thank you for stopping by.

How do you rate our service?

  • About This PlanAbout This Plan

    Registering your firm as a Limited liability partnership involves lesser compliance issues as compared to a PLC registration. Want to know the next steps? This all inclusive plan has got you covered! That’s not all! With this plan you also get to use ClearTax invoicing and accounting worth Rs 5999 , absolutely free of cost!

    Services Covered

    • ClearTax Accounting and Invoicing Software - Free 6 months subscription
    • 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
    • Name Reservation
    • Filing of LLP and DPIN application with Registrar
    • Receipt of Registration Certificate
    20 days estimate
  • Information GuideInformation Guide

    Documents To Be Submitted

    1. Photo ID proof of partners
      Any one of Voter ID or Passport or Driver License
    2. Address proof of partners
      Any one of electricity bill or bank statement or landline bill or mobile 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.
    • Do I need to have any prerequisite documents to start an LLP?

      Due to recent changes on MCA portal, incorporation of LLP can only proceed after 2nd October 2018 if any of the partners do not have DIN / DPIN.

    • My details on my documents have a difference. Can I still incorporate my company using them?

      You will need to have exactly the same details on all your documents to incorporate your company.

  • ReviewsReviews

    Reviews

    Average Rating

    Hi. Thank you for stopping by.

    How do you rate our service?

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