_edited.png){kind=small}
Call Now: 9112201336
Start a Limited Liability Partnership
@ ₹3,499*
In just 7 business days
In any city of India
Fast and easy online process
Less paperwork & timely updates
*Professional fees
Limited Liability Partnership
A Limited Liability Partnership (LLP) is a type of business entity in India that combines the features of a partnership and a private limited company. It is a separate legal entity from its partners, meaning that the partners are not personally liable for the debts of the LLP.
In LLP, the partners have limited liability similar to shareholders of a private limited company and they also enjoy the management flexibility of a partnership.
To form an LLP, at least two partners are required and they are responsible for the day-to-day management of the business. LLP incorporation process involves filing certain forms and documents with the Registrar of Companies (ROC) and obtaining an LLP Agreement. LLPs are required to file annual returns and financial statements with the ROC, but they do not need to hold annual general meetings or appoint auditors.
Letsstart, a leading legal services provider for startups and entrepreneurs offers an easy and affordable LLP incorporation service in India. We handle the legal paperwork and comply with all the Ministry of Corporate Affairs (MCA) requirements. Upon successful incorporation of your LLP, you will be issued an Incorporation Certificate (CoI), along with the PAN Card and TAN of the LLP. Now you can open a current bank account and start your business.
Why choose a Limited Liability Partnership?
You can enjoy several advantages by forming an LLP, including:
-
Limited liability: LLP offers limited liability protection to partners, meaning that their personal assets are protected in the event of the LLP's failure.
-
Separate legal entity: An LLP is considered a separate legal entity from its partners, which allows it to enter into contracts, borrow money, sue and be sued in its own name.
-
Flexibility: LLP provides its partners have more flexibility in management and control of the business compared to a private limited company.
-
Easy to incorporate and maintain: The LLP registration process is relatively easy and straightforward, and it does not have as many compliance requirements as a private limited company.
-
Cost-effective: LLP is relatively cost-effective as compared to other forms of business, as it does not require holding annual general meetings or appointing auditors.
-
Taxation: LLPs are subject to lower tax rates than private limited companies.
-
Perpetual succession: LLP has perpetual existence means LLP continues to exist even if partners come and go.
-
No minimum capital requirement: There is no minimum capital requirement for the partners of the LLP. Hence, they can contribute the amount towards the LLP as per their requirement.
-
No restriction on the number of partners: An LLP should have at least two partners but can have any number of partners as per its requirement, unlike a private limited company which has a limit on the number of shareholders.
What are the documents required?
Without valid identity and address proof, a Limited Liability Partnership (LLP) cannot be registered in India. The documents that the Ministry of Corporate Affairs (MCA) accepts for the online LLP incorporation are listed below:
Passport size photo of both the partners
PAN card of both the partners
Proof of identity of both the partners (any one of the below)
-
Aadhaar Card
-
Passport
-
Voter ID
-
Driving License
Proof of residential address of both the partners (any one of the below)
-
Bank Statement
-
Electricity Bill
-
Mobile Bill
Utility bill of office address (any one of the below)
-
Electricity Bill
-
Gass Bill
-
Mobile Bill
Rent agreement, if the office premises is rented
Please Note: All the scanned documents must be clear & the text in the documents must be legible.
What are the minimum requirements?
The following conditions must be satisfied to start a Limited Liability Partnership:
Minimum two partners
All the partners must have a Director Identification Number (DIN)
All the partners must have a Digital Signature Certificate (DSC)
No requirement for minimum capital contribution
Proof of office address of the LLP
What all do you get?
LLP Name Approval
Certificate of Incorporation
PAN & TAN of the LLP
DIN for 2 Partners
LLP Agreement
LLP Masterfile
DSC for 2 Partners
GST/MSME Certificate
Bank Account Opening
What are the charges for LLP incorporation?
The cost of incorporation of a Limited Liability Partnership (LLP) in India depends on multiple variables, including the number of partners, capital contribution, and professional expenses.
Our Comprehensive Registration Package Includes:
-
Government Fees
-
Name Approval Fee: Fees for obtaining name approval from the Ministry of Corporate Affairs (MCA).
-
Filing Fees: Costs associated with filing forms and documents with the Registrar of Companies (ROC).
-
Stamp Duty: Charges levied by the State Government as per the LLP's capital contribution.
-
-
DIN & DSC Fees
-
DIN Fees: Charges for applying for the Director Identification Number (DIN) of all the Partners.
-
DSC Fees: Charges for applying for Digital Signature Certificate (DSC) of all the Partners.
-
-
Professional Fees
-
Consultation and Advisory: Expert guidance on the best business structure and compliance requirements.
-
Document Preparation: Assistance in preparing all necessary documents, including LLP Agreement.
-
-
Other Fees
-
PAN & TAN Application: Fees for obtaining Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
-
Other Registrations: Support for getting GST registration, MSME registration etc.
-
How it works
Consultation
Schedule a free consultation call with our experts to discuss your business needs and goals. Our team will provide personalized advice on the best business structure and services for your specific requirements.
Documentation
We help you gather, prepare, and verify all necessary documents. Our comprehensive checklist and expert guidance ensure that your paperwork is complete and accurate, reducing delays and complications.
Processing
Once your documents are ready, we handle the entire incorporation process. Our team keeps you informed with regular updates, ensuring a smooth, stress-free and transparent experience from start to finish.
Completion
Achieve Milestones Effortlessly as you receive your Certificate of Incorporation and compliance documents promptly. Our full support ensures you’re ready to start and operate your business successfully.
Ongoing Support
Stay compliant and stay confident with Letsstart by your side. Our comprehensive corporate compliance services ensure your business adheres to all legal requirements, allowing you to focus on growth and success.
_edited.png)