The Limited Liability Partnership (LLP) is a new form of business organization that has been recently introduced with the enactment of the Limited Liability Partnership Act, 2008 in India. It has been made to benefit limited liability entities inviting foreign funds for their projects. These limited partners in this LLP need to register themselves with the Registrar of Firms under the Ministry of Commerce if they do not have any existing permanent office or business place within the territory of India.
The LLP Registration Process in India starts with choosing a name for the LLP. However, an LLP cannot be named as a “Limited Company,” “Private Limited Company,” or “Public Limited Company.” Limited Liability Partnership (LLP) is a kind of organization which allows the partners to operate as if they are working in different firms.
The main advantage of LLP structure is that the liability of the partners is confined to the capital invested by them in the business.
RUN – LLP Registration (Reserve Unique Name-Limited Liability Partnership Form for reserving a name for the LLP).
Fillip – Form for incorporation of LLP.
Form 5 – Notice for change of name.
Form 17 – Application and statement for the conversion of a firm into LLP.
Form 18 – Application and Statement for conversion of a private company/unlisted public company into LLP.
Documents required for LLP registration:
- PAN Card or Passport (Foreign Nationals & NRIs).
- Voter’s ID/Passport/Driver’s License.
- Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill.
- Passport-sized photograph.
- Specimen signature (blank document with signature [partners only]).
- Any Utility bills.
- Scanned copy of Rent agreement with NOC from owner.
