Limited Liability Partnership Registration procedure in India

To register your Partnership arrangement as an LLP, connect with Registrationwala to learn more about the LLP registration process in India. Before going to check out the procedure of LLP Registration , let ‘s know about the LLP First.

What is LLP ?

A Limited Liability Partnership is essentially a Partnership business. However, it does limit the liability of its member partners to it. Thus, an LLP arrangement safeguards the assets of its owners. Since its introduction in 2008 under the Limited Liability Partnership Act, the LLP model has become the most popular form of business infrastructure after an Incorporated Company. So, to establish a Partnership arrangement as an LLP, you must go through online LLP Company Registration.

What is an LLP Registration?

LLP registration is the incorporation process of a partnership business as a Limited Liability Partnership. It is a step up from the corporate structure of a Partnership Firm. Limited Liability Partnerships or simply an LLP limits the liability of its partner to his shares. An LLP is governed under the Limited Liability Partnership Act of 2008.

Limited Liability Partnership Registration procedure in India

The LLP registration process in India is simple. The procedure for online LLP registration in India is enumerated in the following points:

DSC Registration

Register for and obtain the Digital Signature Certificates for all member partners of the LLP.

DPIN registration

Register for and obtain the Designated Partner Identification Numbers for all member partners of the LLP.

Name Approval

Get the chosen name approved by the MCA using the RUN application for the LLP.

Application Filing

Visit the MCA portal and fill out the LLP registration application. Also, upload the requisite documents.

Draft an LLP Agreement

This process will incorporate your LLP. However, the MCA also demands the LLP applicant to draft and submit the LLP agreement in which the LLP details its Partnership arrangement. The LLP Agreement details the powers wielded by its member partners to the MCA.

Agreement Filing

File the LLP Agreement to the Authority for assessment and acceptance.

LLP Incorporation Certificate

After application as well as agreement submission and their successful assessment, the Ministry of Corporate Affairs will issue the Limited Liability Partnership registration certificate