Limited Liability Partnership (LLP) has become an alternative form of business that combines the advantages of a company and the flexibility of a partnership firm. The concept of LLP in India was introduced back in 2008 by the Limited Liability Partnership Act of 2008. This unique hybrid is suitable for setting up small and medium-sized businesses.
Once we receive your request to assist you with your LLP’s registration, Takelegal.in’s representative will contact you directly to understand your business better and run you through the registration process in greater detail.
Our representative will supply you with a document checklist to enable us to begin your LLP’s registration process. Moreover, you must comply with the law before you seek registration. With respect to an LLP, the partners must possess the Digital Signature Certificate (DSC) and Director Identification Number (DIN) – in case your LLP partners do not possess the two, Takelegal.in will assist you in the application of DSC-DIN as well.
Once the partners’ DSC and DIN have been assigned, Takelegal.in will help you choose a name that is best for your LLP as well as in compliance with the naming regulations. We will also file the requisite forms with the Ministry of Corporate Affairs for your LLP’s incorporation.
Once the Registrar of Companies issues a certificate of incorporation, you will be able to access the same, and your LLP will be officially registered.
LLP registration requires the following documents to be submitted at various stages, and thus Takelegal.in advises you to submit them to us at the earliest:
To register an LLP minimum of two partners is required, and there is no upper limit. The LLP agreement must state the rights and the duties of the partners.
LLP formation from obtaining DSC to filing Form 3 takes approximately ten (10) days, subject to departmental approval and revert from the respective department.
Director Identification Number (DIN) is a unique identification number issued by the Registrar of Companies office (Ministry of Corporate Affairs) for a person to become a director.