Limited Liability Partnership in India

Limited Liability Partnership in India

A Limited Liability Partnership (LLP) offers the advantages of both a partnership and a private limited company, providing flexible management and limited liability for partners. Governed by the LLP Act, 2008, it allows partners to protect personal assets while efficiently managing the business. At Bhanushali & Bhanushali, our expert Chartered Accountants streamline the LLP formation process, ensuring smooth registration and compliance tailored to your needs.

Frequently Asked Questions about LLP Registration in India

1. Advantages of Choosing a Limited Liability Partnership (LLP) in India
  • Limited Liability Protection for partners, safeguarding personal assets.
  • Flexibility in management, with fewer restrictions on internal structure and operations.
  • Tax Benefits since LLPs are not subject to dividend distribution tax.
  • Separate Legal Entity allowing the LLP to hold assets and enter into contracts independently.

LLP registration usually takes 10-15 working days, depending on document and approval speed.

  • Digital Signature Certificate takes 2 working days.
  • Director Identification Number takes 1 day
  • 5 days for getting name registration approval
  • 5 more days to get the company incorporation certificate

At Bhanushali & Bhanushali, we manage the entire LLP formation process, from obtaining Digital Signatures and DPINs to filing documents with the RoC. Our experts ensure a smooth, compliant registration, letting you focus on business growth while we handle the legal details.

7 steps to Register an LLP

Step 1

Get Digital Signature Certificates (DSC)

Designated partners must acquire a DSC to sign forms electronically during registration.

Step 2

Apply for Designated Partner Identification Number (DPIN)

Each partner needs a unique DPIN, applied via Form DIR-3 on the MCA portal.

Step 3

Reserve the LLP Name

Propose and submit a unique name via the RUN-LLP form on the MCA portal. Ensure its compliant with naming guidelines.

Step 4

Draft the LLP Agreement

Prepare the LLP Agreement outlining partner roles, rights, and responsibilities in line with the LLP Act, 2008.

Step 5

File Incorporation Documents

Submit Form FiLLiP (Form for Incorporation of Limited Liability Partnership) along with the LLP Agreement, DSCs, and registered office address proof on the MCA portal.

Step 6

Verification & Approval by RoC

The Registrar reviews and verifies the application. Once approved, the LLP is registered.

Step 7

Obtain Certificate of Incorporation

After verification, receive the Certificate of Incorporation, officially registering your LLP and allowing operations to begin.

Registering an LLP in India involves several steps, including document preparation and compliance with regulations. Bhanushali & Bhanushali simplifies the process, handling everything from obtaining DSCs and DPINs to drafting agreements and filing documents. With our expertise, you can focus on your business while we take care of the complexities, ensuring registering your LLP seamlessly and effortlessly.

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