Limited Liability Partnership Registration in India

Documents Required to Register a Limited Liability Partnership

• Identity Proof and Address Proof
  a. Passport/ Aadhar card/ Voter ID/ Driver's License of partners, 
  b. PAN card, and
  c. Utility bills or Bank Statements as address proof.
• Proof of Registered Office
  a. Any utility bill like an electricity bill or corporation tax receipt not later than 30 days or
  b. Rental Agreement or No Objection Certificate (NOC)
• Declaration and Consent of the proposed Partners
  Form DIR-9 serves as the official consent to assume the role of a Partner within the prospective company.

Limited Liability Partnership Incorporation Process

The incorporation process of a Limited Liability Partnership (LLP) involves several key steps to establish the entity as a legally recognised business structure.

Steps for Limited Liability Partnership Registration

• 
  Egestas ornare
  ‍
• Obtain a Digital Signature Certificate (DSC)
  a. A DSC is a digital method of verifying or attesting a document obtained through any Government Certifying Agencies (CAs) with either one-year or two-year validity.
  b. You can directly approach CAs for an Aadhar e-KYC-based verification or through the help of supporting documents like PAN, identity proof, address proof, etc.
• Name Approval View 
  a. Reserve an LLP's name using the LLP-RUN form (Limited Liability Partnership - Reserve Unique Name). This web service used for the registration of LLP is overseen by the Central Registration Centre, which serves as the nodal authority.
  b. There is a provision for the LLP to have two proposed names.
• LLP Registration View 
  a. Fill out the FiLLiP (Form for Incorporation of Limited Liability Partnership - available here) and submit it to the Registrar where the LLP's registered office is located.
  b. As a part of additional documentation, submit the Subscriber sheet and consent of a Director (Form DIR-9) alongside FiLLiP.
  c. Subscriber Sheet serves as legal evidence of the agreement of initial members or shareholders to participate in the partnership. It helps in establishing the initial ownership structure.
• Submit LLP Agreement View 
  a. File the LLP Agreement using Form 3 on the MCA portal within 30 days of the LLP being registered.
  b. The agreement governs the mutual rights and responsibilities of the partners of the LLP.

Searching for a company name?

Check company name availability using our powerful name search tool.

Disadvantages

• Difficulties in raising capital
  LLP often lacks the notion of equity or shareholders, thus making it difficult for Angel investors and venture capitalists to invest in the LLP as shareholders. It cannot come out with its IPO and raise money from the public.
• Dissolution of LLP
  If, as a partner, you choose to wind up or dissolve the existing LLP, there is a minimum three months-long process involving rigorous document filing & process fulfillment. Dissolving an LLP can be challenging due to numerous legal obligations, an extended timeline, and the tedious procedures involved.

Limited Liability Partnership Registration Number

The Limited Liability Partnership Registration Number, also known as the Limited Liability Partnership Identification Number (LLPIN), is a unique 7-digit alphanumeric code assigned to an LLP upon its registration with the Registrar of Companies (ROC). 

Example of LLPIN: AAA-1234

How to Get a Registration Number for a Limited Liability Partnership?

Following the approval of the FiLLiP Form, the Registrar of Companies (ROC)  issues the Certificate of Incorporation, a legal document to signify that your company has been successfully registered. 

The Certificate of Incorporation contains essential details such as the LLP’s name, registration number (LLPIN), date of incorporation, registered office address, etc.

Limited Liability Partnership Registration Fees

The cost of LLP registration can differ based on multiple factors, including the jurisdiction you're registering, professional fees, the number of partners, and any additional services you might opt for. 

The Cost of Registration of Limited Liability Partnership with Razorpay Rize -Rs. 4999 

Register your Limited Liability Partnership in just ₹4,999

Register your business

*The cost includes DSC and DIN for Two partners + Certificate of Incorporation + LLP Agreement drafting + PAN+TAN *

*Extra fees may apply for additional partners and capital contributions.  

To explore additional information or kickstart your LLP registration journey, get in touch with us through rize-registrations@razorpay.com.

Checklist for Registration

Here's a streamlined checklist to guide you through the Limited Liability Partnership (LLP) registration process:

Get DSC for all the Partners.

Reserve an LLP's name using the LLP-RUN form.

Fill out the FiLLiP and apply.

Get an Incorporation Certificate.

Obtain PAN & TAN.

Draft the LLP Agreement.

Get a Current bank account for your LLP.

Be compliant with the monthly or annual regulations.