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Limited Liability Partnership

Distinct Legal Entity
Flexibility in the Number of Partners
Appointed Designated Partners
Liability is Limited
Affordable and Compliant
No Required Minimum Capital
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Work Process

How We Work

01

Obtain Digital Signature Certificate (DSC)

Essential for applying a digital signature to documents.

02

Apply for Designated Partner Identification Number (DPIN)

Required for all designated partners.

03

Name Approval

Use the RUN-LLP service to reserve your LLP's name.

04

Incorporation of LLP & File Agreement

Within 30 days of incorporation, specifying the rights and responsibilities of the partners.

Checklist

Documents Required

For Partners: PAN, proof of address, proof of residence, passport-sized photo, passport (for NRIs/Foreign Nationals).
For LLP: Proof of registered office address and digital signature certificate.
A minimum of two partners.
DSC for all appointed partners.
DPIN for appointed partners.
A unique LLP name distinct from existing entities.
Details of contributions and the LLP agreement.

Introduction

Are you looking to begin an LLP in India? Well, this is the place. Here, you would be getting an exhaustive guide through the entire LLP registration process that is specifically suited for E-Filing Buddy.

What is a Limited Liability Partnership?
A Limited Liability Partnership is one of the preferred business structures that combine features of a partnership with the protection of having limited liability. In an LLP, the liability of each partner is limited to what he or she has paid into, and partners also cannot be held personally responsible for any actions of any other partner. This thus makes it a great deal for small and medium-scale enterprises who seek flexibility with security all in one package.

Advantages of LLP Registration to E-Filing Buddy
A registered LLP offers a long list of benefits to E-Filing Buddy, including the following:
Limited Liability: protects the personal assets of partners but limits liability to their investment in the business.
Separate Legal Entity: an LLP serves as a separate legal entity that can own property and enter into contracts and engage in lawful proceedings in its name.
Tax Efficiency: LLPs are taxed as partnerships, hence no double taxation. Profits are taxed only in the hands of the partners.
Ease of Incorporation: LLPs have a simplified incorporation process with minimal compliance requirements, thus ideal for SMEs.
How to Register an LLP in India for E-Filing Buddy
Registering an LLP in India is a streamlined process that can be completed online through the Ministry of Corporate Affairs (MCA) portal. Here are the key steps:

Obtain a Digital Signature Certificate (DSC):
Each designated partner must obtain a DSC to digitally sign the LLP registration documents.

Apply for a Designated Partner Identification Number (DPIN):
All designated partners need a DPIN to file the LLP registration application.

Reserve an LLP Name:
Select a unique name for your LLP in compliance with MCA guidelines. Ensure the name is unique and does not resemble existing entities.

File LLP Registration Documents:
Submit the registration documents and fees to the MCA after the name has been approved.

Draft and File the LLP Agreement:
After the registration process, draft an LLP agreement that clearly mentions the rights and duties of the partners. This agreement needs to be submitted to the MCA within 30 days of incorporation.

With these steps, E-Filing Buddy can easily set up an LLP and enjoy the many benefits this structure offers.

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