LLP Registration in Mumbai
LLP Registration IN MUMBAI START'S AT JUST 4,999 (ALL INCLUSIVE) Plus You Get Free GST and MSME Registration
LLP Registration was introduced in India by way of the Limited Liability Partnership Act, 2008. The main motive of a Limited Liability Partnership is one partner is not liable for another partner’s liability, negligence or misconduct. LLP Registration is favoured by Many Professionals, Micro, Small and Medium Scale businesses that are being carried and owned by family or self funded business or business which don’t want to get Stuck up in High Compliances as compared with Private Limited Company form of Business.
LLP Registration offers the benefit of limited liability to its partners and at the same time it has minimum cost of maintenance as regulatory return filing is less as compared with other Private Limited Company. The owners / partners of a LLP have limited liability to creditors. In case of any default, banks/creditors can only sell the LLP’s Assets and not the personal assets of partners. Hence, we can say that all partners in an LLP enjoy limited liability protection same like that of the shareholders of a private limited company.
So Why Wait, Start a Your Business and Register Your LLP today Start-up Registration, is leading Business Consultant, Who offers Quick and Online LLP Registration Service in Mumbai Pune, Delhi, Thane, Kalyan, Ulhasnagar and all other Indian cities with Seven simple steps
- Guiding for Right Name of Your LLP
- Applying for Name Reservation with the MCA (Ministry of Corporate Affairs)
- Getting Digital Signatures
- Filing Registration Application with the MCA
- Getting Your LLP’s Certificate of Registration
- Getting Your LLP’s PAN and TAN
Drafting and Fili
Why LLP Registration ? What are the Benefits of LLP Registration ?
Registering a LLP offers many benefits. A registered LLP makes it genuine and increases the authenticity of your business.
Limited Liability: The most important reason for registering a business in form of LLP is the limited liability. The Partners of the LLP are only liable for a small amount of debt incurred by it and one partner is not liable for another partner’s liability, negligence or misconduct. In case of any default, banks/creditors can only sell the LLP’s Assets and not the personal assets of partners as This is not the case incase of proprietorship and partnership where the personal assets of proprietor and partners are not protected if the business becomes bankrupt.
Separate Legal Entity: As the LLP is registered under with Ministry of Corporate Affairs and its gets it identity by way of Certificate of Registration and Pan of LLP. LLP becomes a separate legal entity from the partners. LLP can Sue and can be Sued by way of partners in case a situation arises. It also gets uninterrupted existence that follows perpetual succession, i.e., the partners may come and go, but the business remains continuing. An LLP can own or acquire property in its own name because it is recognized as a juristic person. Hence, Partners of LLP cannot claim the property of LLP as theirs.
Easy to Sell: Transferring the ownership of LLP is also simple and lucid. A person can quickly be admitted in LLP as a designated partner and the ownership of LLP transfers to them.
Suitable for Micro, Small and Medium Business: LLP Registration is favoured by Many Professionals, Micro, Small and Medium Scale businesses that are being carried and owned by family or self-funded business or business which don’t want to get Stuck up in High Compliances as compared with Private Limited Company form of Business.
Less After Registration Compliances and Filing Requirements: The LLP has less Compliance’s and Filing requirements each year as compared with Private Limited Company as LLPs having a capital amount less than 25 lakhs and turnover below 40 lakhs per year do not require any formal audits under the income tax act and only 2 Forms are required to be filed with Ministry of Corporate Affairs each year which makes registering as LLP beneficial for Start-ups, Freelancers, Micro, Small and Medium Business.
Checklist for Online LLP Registration
According to LLP Act if You want to Register Your LLP in India then following Conditions should be met.
Minimum Two Partners: A LLP must have at least two Designated Partners
Unique Name of the LLP: The name of LLP must be unique. Your Business name should not match with any existing registered companies / LLP’s or registered trademarks in India.
Minimum Capital Contribution by Partners: There is no prescribed minimum capital amount for a LLP Registration. However it is advisable to keep a minimum amount for current account opening. A LLP can have capital contribution of at least Rs. 10,000 or less.
Registered Office: The registered office of a LLP should not be virtual office or a commercial space. Even a rented home can be kept as the registered office of LLP, so long as an NoC is obtained from the landlord.
How to Register LLP Online? - A detailed LLP registration process
LLP Registration gives boost to the progress of startups and provide an edge over unregistered business in india. The Ministry of Corporate Affairs a body formed by Central Government governs the LLP registration process with some rules and regulations framed in accordance with the LLP act and related Laws.
- Step 1: Application for DSC (Digital Signature Certificate).
- Step 2: Filing of Name Application for the name availability.
- Step 3: Filing of the Registration Application with Registration Documents, to register LLP
- Step 4: Issued certificate of Incorporation by RoC along with DIN Numbers
- Step 5: Drafting and Filing of LLP Agreement
- Step 6: Applying For PAN and TAN of LLP
- Step 7: Opening a current bank account in LLP Name
How to Choose LLP Name for LLP Registration
Thoroughly search name for LLP before making LLP Registration Application. One of the primary steps in Before Making Application for LLP Registration is to ensure that the LLP name has not already been taken by another legal entity or resembling with any other company’s / llp name. We can do llp name search to check the availability of the particular name in India from the Ministry of Corporate Affairs and trademark Website and database.
We recommend the businesses owners to think three to four names so that we can check the possibility of Name Approval during the Name Application stage of LLP Registration. The Ministry of Corporate Affairs will be the final authority to approve the name based on the availability rules and regulations.
Documents required for Online LLP Registration
In India, LLP Registration cannot be done without proper documents relating to Identity proof and address proof. Identity and address proof is required of all the proposed partners of the llp which tends to be incorporated. Below is the list of documents that are accepted by MCA for the online company registration.
Identity and Address Proof
- Scanned copy of PAN Card
- Scanned copy of Voter’s ID/Passport/Driver’s License / Aadhar
- Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport-sized photograph
For the foreign nationals, mandatorily apostiled / notarized copy of the passport and Address Proof like the latest bank statement/telephone or mobile bill/electricity or gas bill is required to be submitted. All documents submitted should be valid. The Address proof documents like the bank statement or the electricity bill should not be older than 2 months.
Registered Office Proof
For Online LLP Registration in India, the LLP is required to have a registered office in India. To prove existence of the registered office, a recent copy of electricity Bill / Gas Bill / Telephone Bill / Water Bill is required to be submitted along with Registration Application. Also we need to submit the consent of Person whose name is mentioned in electricity Bill / Gas Bill / Telephone Bill / Water Bill for of office as a registered office of the LLP.
- Scanned copy of the latest telephone or mobile bill/electricity or gas bill
- Scanned copy of Notarized rental agreement in English
- Scanned copy of No-objection certificate from the property owner
- Scanned copy of sale deed/property deed in English (in case of owned property)
Note: It is not compulsory that your registered office need not be a commercial space; it can be kept at your residence too.
How can we help in Registering your LLP in India? Why Start-up Registration
As our Name Speaks “Start-up Registration” We have Expertise in LLP Registration. The LLP Registration Procedure is completely online, so you don’t even have to leave your home to visit the government offices to get your llp registered. At Start-up Registration, we complete the LLP Registration online within 5 – 7 days.
Start-up Registration LLP Registration package includes following with No Hidden Cost:
- 2 Digital Signature Certificates
- 2 Designated Partner Identification Number
- 1 Name Application
- LLP Name Approval Certificate from Ministry of Corporate Affairs
- Filing of LLP Registration Application
- Drafting of LLP Agreement
- Filing of LLP Agreement
- Stamp Duty and Government Fees
- LLP Registration Certificate from MCA
- PAN of the LLP
- TAN of the LLP
- GST Registration
- MSME (UDYOG Aadhar Registration)
What are the Annual Compliances Requirements after LLP Registration
After getting the LLP Registered, Your LLP is expected to comply with the annual compliance requirements. These compliances are compulsory to meet irrespective of the fact that they have started a business or not. If the number of transactions after the LLP registration is 0, then LLP will record NIL return.
Following returns are expected to be filed:
- Statement of Account & Solvency
- LLP Annual Return
- Income Tax Return
Frequently Asked Questions relating to LLP Registration
Ans: At least two partners are required for LLP registration. The maximum partners can be 200. If you are the sole owner, you can register as a One Person Company.
Ans: Any individual/organisation can become the partner in LLP including foreigners/NRI’s. However, the individual must 18+ above in terms of age and should have a valid PAN card.
Ans: LLP Registration procedure is 100% online which means there is no compulsion for you to be present at our office physically. A scanned copy of all documents can be sent to us via mail, and we will handle the rest. You will get the LLP Registration certificate from MCA via courier at your business address.
Ans: Our Fees is all Inclusive and there is No Hidden Charges in that We work on transparency and Client Satisfaction. After making your payment, we will send you an invoice that is all-inclusive, with no hidden charges. Our team will also provide you support till you get your LLP bank account.
Ans: You need to have a LLP bank account with a minimum balance, which could be as little as Rs. 5000. You need not invest any more capital in starting the business.
Ans: Yes, NRIs/Foreign Nationals be a Designated Partner in LLP but only after he has been assigned with a Valid DIN/DPIN. However, at least one designated partner in LLP must be a Resident of India.
Ans: Yes, you can register your LLP at your residential address. It is perfectly legal to start the LLP at your home. You just have to provide your home address proof such as Electricity Bill or Gas Bill.
Ans: Yes, Working person Can Start LLP or Can become a partner in an LLP
Ans: Start-up Registration Not only provides LLP Registration services but also Provide your Post LLP Registration Support. Start-up Registration has registered Various LLP’s for their Clients across India in all cities. We have done LLP registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.
Accurate Start-up Consultancy is a key component to the success of your business.
We provide Startup Company Registration Services and Compliance related services at low cost to help your business grow:
- Setting up of business via PVT/LLP/OPC.
- Compliances under Taxation/GST/Auditing/Company Law/LLP Law.
- We take care of your business compliance services like accounting, Income Tax Return, GST Return, Annual Return and Balance Sheet of the Company.
This way, we help entrepreneurs to focus better on their clients/customers. We also provide you Assistance in Funding for your startup.