LLP Registration in India - Process, Eligibility, and Documentation

A Limited Liability Partnership (LLP) is where all participating members have restricted ownership and liabilities. As a result, no single member will be responsible for the misconduct or negligence of any other member.

If you plan to form a similar business structure and are wondering how to register an LLP in India, this is the right article for you!

Stay tuned to learn more on this subject.

• At least two partners must be present in an LLP company.
• Every designated partner must have a digital signature certificate.
• The name of LLP must not be similar to any existing LLP.
• There should be a Limited Liability Partnership Agreement amongst the designated partners.
• The proof of registered LLP office address.

Here are the steps to register an LLP company in India -

Step 1 – Acquiring a digital signature certificate is the first step of LLP registration, where getting a digital signature becomes essential. Government agencies like National Informatics Center, E-MUDHRA, CDAC, IDRBT Certifying Authority and NSDL, issue digital signatures. Cost of obtaining a digital signature certificate differs across certifying agencies.

Step 2 – Acquire a Limited Liability Partnership- Reserve Unique Name (LLP-RUN), which the Central Registration Centre can process. Before quoting your company’s name, check the Ministry of Corporate Affairs (MCA) website for a free name. After the name has been chosen, the registrar checks if any other LLP has a similar name. LLP-RUN should be submitted along with a fee, after which it will proceed for the approval of the registrar.

Step 3 – Anyone registering for an LLP must fill and submit the Incorporation of Limited Liability Partnership (FiLLiP) form with the registrar. Fees are payable according to Annexure 'A' and only two individuals can fill in the allotment form.

Step 4 – File an LLP agreement to look after the duties and mutual rights between partners.

The documents required to register for LLP partners are –

• PAN card of the partner
• A passport is necessary if the partner is not a resident of India.
• Aadhar card, driver’s license, election card or ration card issued by the government.
• Telephone bill or previous three month’s bank statement.

Moreover, address proof of the registered office and DSC of one of the designated partners are necessary for the registration process of LLP.

It takes around 15 to 20 working days to process a Limited Liability Partnership company.

A Limited Liability Partnership acts as a separate legal entity. Therefore, designated partners have limited liabilities. Thus, this type of partnership is excellent for start-ups.