2 Designated Partners
It can be formed with a minimum of 2 Designated Partner
Starting a business in India can be a daunting task, but LLP is a popular option for businesses and startups.
A limited liability partnership (LLP) is a unique business structure that combines the benefits of both partnerships and corporations. In an LLP, some or all partners have limited liabilities, meaning that they are not personally responsible for the misconduct or negligence of their fellow partners. This structure is governed by the Ministry of Corporate Affairs in India.
If you're interested in registering your business as an LLP, look no further than our team of expert startup consultants. We offer the lowest prices for LLP registration in India, and our services come with the added bonus of free advice from our team of chartered accountants.
Don't let the complexities of business registration hold you back. Trust our team to guide you through the process and help you achieve your entrepreneurial dreams.
It can be formed with a minimum of 2 Designated Partner
Office Address is needed. Address can be Residential or commercial.
Note: With regard to government fees, each state has a fixed set of prices, but they are most common across India, barring Kerala, Punjab, and Madhya Pradesh, where they are much higher. In the above three states contact us for a customized package.
Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner.
Under LLP structure, liability of the partner is limited to his agreed contribution. Further, no partner is liable on account of the independent or un-authorized acts of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful acts or misconduct.
A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners.
First ensure that LLP name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check If your first is not a registered trademark taken by anybody under the IP act.Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives.While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technology, techno soft, IT consultancy. You can Check your company name from www.mca.gov.in
Any person intending to become Designated Partner in a LLP must apply for Designated Partner identification number, issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DPIN. If the documents are in order, the DPIN is approved within 3-4 days. The approved DPIN is valid for life.
Yes, a salaried person can become the partner in LLP , but there should not any legal bondages with your employment agreement if it contains any restrictions on doing so.
The Process of LLP Incorporation usually takes 15-20 working days.But some times due to extra work load of ROCs, this times may be increases.
The cost of LLP registration can be divided into government and professional fees. Professional fees can, however, vary based on the legal talent you hire to get the job done for you.
No, LLP Registration process is online.You doesn’t need to come office. All the documentation part can be done through courier/speed post. If you wish to come & Visit our office you can come after taking an appointment with us.
There is no minimum capital required to start a LLP under the LLP Act, 2008 but as a general practice Rs. 20000 has been taken a initial capital for a LLP.
Yes, A LLP can change its registered office any time after following specified procedure. The changed address can be situated within the same state or in a different state from the state in which it was originally registered.
Private Limited Company is the simplest and a very popular form of Business Registration in India. It can be registered with a minimum of two people. Limited liability protection to shareholders, ability to raise equity funds, separate legal entity status make it the most recommended type of business entity for millions of small and medium-sized businesses that are family-owned or professionally managed.
When partners have limited liability at that time it is termed as Limited Liability Partnership (LLP). LLP is basically a combination of both Company and Partnership. It is an alternative form of business registration in India that is generally preferred by Professionals, medium and small-scale businesses. Limited It is governed by LLP Act, 2008 and as per the LLP agreement formed at the time of Incorporation.
Yes, a Physical office address is required for registering a LLP. ROC doesn’t accept Virtual office space addresses for registering an LLP
After registration, can I change the name of my Private Limited Company?
Yes, the company name can be changed after the registration, but you have to pay professional fees along with government fees.
You Can Discuss Via Phone
Just call us and speak with our registration expert. We will complete your requirement by phone or guide you step by step.