Register your LLP business anywhere in India
Get quick, affordable, and reliable LLP registration as per the Ministry of Corporate Affairs regulation.
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Get quick, affordable, and reliable LLP registration as per the Ministry of Corporate Affairs regulation.
You are just a click away!
What is a Limited Liability Partnership?
The limited liability act is one of the most accessible types of business registrations in India. It came into function in the year 2009, under the limited liability partnership act 2008. With an easy incorporation process and limited compliance facilities, this type of pf business makes the best choice for small and medium-scale businesses.
Limited Liability Partnership and Private Limited companies hold a lot of similarities except for a few. We at Saral Bharat are here to give you the proper guidance to choose the best.
Cost
The cost of incorporation for both types of companies are the same. So if your decision is based on budget, then you can choose either one.
Flexibility
Even though most LLP and Pvt Ltd features are the same, transferring share and ownership is more accessible in a Pvt Ltd company than in an LLP.
Investments and fundraising
Both of the entities can raise funds from different entities. A Pvt Ltd can raise funds from Angel Investors, Private Equity Funds, Venture Capitalists, banks, and NBFCs, while an LLP can raise funds from Partners, Banks, and NBFCs.
The compliance Act of 2013 does not allow similar names of multiple companies.
This type of company registration holds a lot of benefits for the business owners. One of the primary reasons people go for LLP incorporation is that they hold no liabilities on any partner's assets. If the company goes bankrupt, personal belongings will be seized by the finance company during the loan recovery.
Some other benefits include:
Individual legal identity
Since LLP is a separate legal entity that allows the firm to run even if one partner leaves, one partner can sue the other person if required.
Flexible
A composed understanding between the individuals dictates the activity of the organization and the dissemination of benefits. This may allow for greater flexibility in the management of the business.
Convenient
An LLP business is convenient to manage. The agreements are flexible and customized so that they meet the needs of the partners concerned. With limited formalities, LLP makes legal compilation, annual meetings easier.
No minimum capital requirement
LLP doesn't require any minimum capital, and hence it becomes an aspiring entrepreneur with low capital register a business.
Suitable for all business
An LLP having an annual turnover between 25 to 40 lacs doesn't require any annual audits.
No managers or owners
The partners in LLP manages their own business. This is different from PVT LTD, where the company directors are different from the shareholders.
With the advancement of technology, it can quickly register the LLP business in India online. At Saral Bharat, we take complete responsibility from start to end.
Step 1: Getting your DSC and DIN
At the very first step, we get the DSC done for the respected partners. DSC is essential since the documents are submitted online. We need the digital signature of the partners for the entire process.
Step 2: Getting the name approval
We check the availability for the preferred name of your business. In case the name is available, we get the approval and start the incorporation process.
Step 3: LLP agreement
We prepare a legal agreement and get it signed by both partners. The partners enter into the LLP agreement by filling three forms on the MCA online portal.
Step 4: Incorporation
Once your MOA and AOA gets approved by the registrar, we submit all the documents to get the incorporation certificate.
Step 5: Get your PAN and TAN number.
Once the incorporation certificate is issued, we apply for the PAN and TAN numbers from NSDL.
* You can also get your GST and IEC code if required. Those will be considered as add ons and will be charged separately.
Learn more about GST registration and IEC code generation.
Few standard documents are required for LLP registration. The list is given below.
For Partners
For Registered office
There are a few parameters that determine whether your firm is qualified for LLP registration. We at Saral Bharat have listed down a major checklist that will help you find out the same.
Saral Bharat helps you register your LLP from the comfort of your home. You take care of your operational end and leave the legal compliances to us.
Here is the necessary registration that we provide.
A: Yes, you can. The minimum partner requirement for an LLP is 2. So you can easily register an LLP with three partners.
A: You must be above the age of 18 if you want to register your LLP business. Other than this, if you are a foreign owner, you need to have one Indian member to become eligible for the registration.
A: Different registration requires different government fees. Our prices are curated based on that. You can check our pricing from the pricing section.
A: No non-profit activities have different government rules. You cannot register an LLP for any non-profitable business.
A: Legal address proof is required for registering LLP. It is not mandatory to have a commercial property. You can register an LLP as a residential property with NOC from the owner.
A: Yes, you can. Whenever you are registering your business online, you don't need to go anywhere physically. You submit the documents, and our representatives will take care of everything for you.
A: It usually takes 15 days from the date of application to register an LLP firm. However, any discrepancy in documents can prolong the process. So make sure you submit every document correctly.
A: DSC is a digital signature certificate by which you can sign electronic documents. In an online registration process, since every document is done through the electronic medium, the directors need a DSC.
A: An LLP agreement is a type of agreement made between the partners. It contains management policies and strategies that benefit everyone in the business.
A: Yes, an LLP is much more cost-effective as compared to a private limited. This is because many compliances such as audit and GST registration do not apply to LLP if your turnover is less than 40 lakhs.
A: Yes, you can get fundings from banks and NBFCs if you register an LLP business.
A: Yes, you can. However, one of the partners must be a resident of India.
