BEST TIME TO REGISTER AN LLP ONLINE IN INDIA AT JUST ₹ 6,299 (INCLUDING CONSULTANCY & DOCUMENTATION CHARGES ) *
Forming a limited liability partnership is highly recommended and the best way for a startup business in India. The best advantage of limited liability partnership in India is limited liability protection which saves the personal assets of the designated partners , if any misfortune happens to the business. Company Name Protection is another advantage of limited liability partnership where company name which is allotted from the registrar of companies is protected from being misused by others, if so company can raise a complaint against unauthorized usage. Designation sometimes matter in certain circumstances , hence limited liability partnership badges the promoters us Designated Partner. This gives a prime feel to the limited liability partnership compared to normal partnership registration.
Minimum two designated partners are required to start a limited liability partnership in India. Post Company Incorporation Process, you will receive a Certificate of Incorporation(CoI) from the registrar of companies, new Delhi.
Startup Company is one of the best company registration consultants in India, gives company registration services for minimal pricing which is affordable for all startups across the country. If you associate with us after company registration is successful completed , we have the best in class team to do of all the ministry of corporate affairs compliances , statutory audit , registrar of companies(ROC) and GST filing in a nominal cost which helps you to focus on business.
BENEFITS OF LIMITED LIABILITY PARTNERSHIP IN INDIA
Limited Liability Partnership offers more benefits in India compared to normal partnership registration.
- Protection to personal assets from business risks/losses
- Increase business authenticity and corporate image among the public
- Company name is secured from being misused
- Customer get attracted higher to take a service
- Grow potential and expansion plan is good
- Lending business loan from banks or financial institutions are more comfortable
- Stable and rigid business entity
- Can be converted to private limited company if required for raising funds from VC’s or Angel Investors
REQUIREMENTS FOR LIMITED LIABILITY PARTNERSHIP REGISTRATION IN INDIA Limited Liability Partnership Registration in India comes under LLP Act 2008, it defines certain mandatory requirements for company registration.
TWO PROPOSED DIRECTORS
In limited liability partnership registration in India, two proposed designated partners are required to proceed for registration. Presently FiLLiP( Form for incorporation of LLP)
form is incorporated for limited liability partnership registration, which can accommodate less than ten in initial registration process, later on have the limit upto 200 designated partners in a limited liability partnership
UNIQUE COMPANY NAME
The business entity must have a unique name for getting name approval from register of companies. The proposed name must not match with any existing companies or registered trademarks in India.
In present scenario, the proposed company must not need any minimum capital amount to register in India. The best way is to have at least fifty thousand capital for a newly registering limited liability partnership firm in India.
REGISTERED OFFICE ADDRESS
In the present time , registered office address can be a small commercial space or rented house for registration which is a good sign for small startups in India to register their business. Valid rent agreement and non-objection certificate is required from the building owner.
HOW TO REGISTER A COMPANY ONLINE IN INDIA
In the present scenario, online company registration is possible by submitting the documents required to registrar of companies for completing the registration process. Documents must be scanned properly without exceeding the 150kb in size. There are few steps to register a company online in India.
Here are the steps to register the company online.
1)Give Name Approval
Company Name can be reserved online through a form named RUN ( Reserve Unique Name). Name of the business not match with existing companies or registered trademarks in India. Company name search can be done online in ministry of corporate affairs website . Use the link to search company name is available or not
If the name is available then name approval form can be submitted with two company names in registrar of companies’ web portal. Once the company name is approved, within 90 days limited liability partnership registration must be completed.
- Take Digital Signature Certificate
Spice Plus form used to file incorporation documents in MCA portal require digital signature certificate for signing purpose. The proposed directors must take digital signature certificate to digitally sign and submit spice form in MCA portal.
- Drafting of FiLLiP form & Deed Drafting
LLP deed is the backbone of every business, hence it is to be drafted carefully. Primary objectives and share capital of the company to be incorporated in the FiLLiP form and deed. Subscribers are mentioned in deed of the company, which include designated partners of the limited liability partnership.
- FILING OF FiLLiP FORM IN MCA PORTAL
The incorporation documents are filed in MCA portal for company registration approval. FiLLiP( Form for incorporation of LLP) form is filed to complete the documentation process for limited liability partnership registration.
- COMPANY REGISTRATION APPROVAL
Certificate of Incorporation is received once limited liability partnership registration is approved by registrar of companies.
REQUIREMENTS FOR LLP REGISTRATION IN INDIA
In present scenario, online company registration is one of the best advantages for entrepreneurs to start their business hassle free. In online company registration all designated partners must have valid identity and address proof to initiate the formation process. For online limited liability partnership registration in India require only scanned copies of all documents specified for incorporation process.
Proof for Identity and Address are:
Registered Office Address Proof
- Scanned copy of PAN Card (Designated Partners)
- Scanned copy of Aadhaar Card (Designated Partners)
- Scanned copy of Passport/ Driving License/Voters ID (Designated Partners)
- Passport size photo of proposed Designated Partners. ( JPEG Image also required)
- Scanned copy of the savings bank account statement/telephone or mobile bill latest with full communication address (Designated Partners)
- Scanned copy of rent agreement in English
- Scanned copy of non-objection certificate from owner
- Scanned copy of latest utility bill (electricity bill/ telephone Bill) in the name of owner.
- Scanned copy of building tax receipt if the owner is one of the designated partner in the company.
Registered office can be your residence if all above documents are there, commercial space is not a mandatory requirement to register a limited liability partnership firm.