LLP Registration in Lawrence Road, Delhi

• Business Registration Location: Delhi
• Business Activity: LLP Registration
• Registered Office Address: Client Provided/Service Included
• MOA (Memorandum of Association): Drafting Included/Additional Fee
• AOA (Articles of Association): Drafting Included/Additional Fee
• Filing Fees: Included/Additional Fee

LLP Registration: A Guide to Setting Up a Limited Liability Partnership A Limited Liability Partnership (LLP) is a popular business structure that combines the benefits of both a partnership and a corporation. It offers flexibility in management while providing limited liability protection to its partners. This makes LLPs an attractive option for professionals, small businesses, and startups looking for a flexible yet secure business structure. Here's a comprehensive guide on how to register an LLP. Key Features of an LLP Separate Legal Entity: An LLP is a separate legal entity from its partners, meaning it can own property, incur debts, and enter into contracts in its name. Limited Liability: The liability of the partners is limited to the extent of their contributions to the LLP. Their personal assets are protected from the business's debts and obligations. Flexibility in Management: LLPs do not require a board of directors or complicated corporate structures, allowing partners more flexibility in managing the business. No Minimum Capital Requirement: Unlike some other business forms, there is no minimum capital requirement to register an LLP, making it an accessible option for small businesses and startups. Perpetual Succession: An LLP continues to exist even if one or more partners leave or pass away. Steps for LLP Registration Obtain Digital Signature Certificates (DSC): All designated partners must obtain a DSC, which is used to sign electronic documents during the registration process. Apply for Director Identification Number (DIN): A DIN is required for all designated partners of the LLP. This can be applied for through the Ministry of Corporate Affairs (MCA) website. Name Reservation: Propose a unique name for the LLP and apply for name reservation through the MCA’s RUN-LLP (Reserve Unique Name – LLP) service. The name should comply with the guidelines set by the Registrar and should not be similar to existing business names or trademarks. Filing Incorporation Documents: Form FiLLiP (Form for Incorporation of LLP): Submit the incorporation form online, which includes details about the partners, their contributions, the LLP's business activities, and the registered office address. LLP Agreement: Prepare an LLP agreement outlining the rights, responsibilities, and duties of the partners. This agreement must be filed with the Registrar of Companies (RoC) within 30 days of incorporation. Obtain Certificate of Incorporation: After verifying the documents, the RoC issues a Certificate of Incorporation. This certificate confirms that the LLP has been officially registered and provides a unique LLP Identification Number (LLPIN). Apply for PAN and TAN: Apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP. These are necessary for tax purposes and must be obtained from the Income Tax Department. Open a Bank Account: Use the Certificate of Incorporation, PAN, and LLP Agreement to open a bank account in the LLP's name.   Conclusion Registering an LLP is an excellent option for entrepreneurs looking for a business structure that offers both flexibility and protection. With a straightforward registration process and significant benefits like limited liability, perpetual succession, and tax efficiency, LLPs provide an ideal framework for small businesses, professionals, and startups.