Limited Liability Partnership LLP Registration in Mumbai
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Limited Liability Partnership (LLP) Registration in Mumbai
LLP firms are getting quite familiar in India because of or their various benefits. By registering LLP, your company can fetch benefits of proprietorship firm and partnership firm. LLP(Limited Liability Partnership) has similar features to that of a company and partnership firm. The main act governing LLP firms is the Limited Liability Partnership Act, 2008. There should be a minimum of 2 partners to form an LLP firm. There is no limit on the maximum partners.
One partner of LLP must be an Indian resident in the firm. All the partners are required to follow the LLP agreement. It states every right and duty of all the partners. Like a public company, the members of LLP firm also have limited liability. Every partner of LLP must follow provisions of the LLP Act, 2008.
On registration, a limited liability partnership (LLP) gets its separate image from the members. It is also affordable to form a limited liability partnership company. It also has fewer compliances and regulations than other companies. You can start an LLP firm even with a low capital as there is no limit on the amount of capital.
The process of limited liability partnership Registration in Mumbai is quick and easy these days. You have to follow a few steps to get your LLP registered with the ROC of the state in which your firm is situated.
Process of Online LLP Registration in Mumbai
Obtain DSC and apply for DPIN
The first step is to take Digital Signature Certificate for every partner. After obtaining DSC, you have to apply for Designated Partners Identification Number (DPIN) via e-form DIR3.
Get Name Approval
After applying for DPIN, you have to apply to take approval for the company’s name. LLP firms must have a different name from other companies.
Application of Incorporation
After getting approval for LLP’s name, you have to apply for incorporation with the ROC of the state in which your LLP is located.
Filing of LLP Agreement
The last step in LLP Registration is to file an LLP agreement within 30 days of incorporation. This agreement includes the rights and duties of every partner of LLP.
Advantages of Online LLP Registration in Mumbai
Less Compliance
LLP firm has less compliance and regulations. Partners of LLP firm have to file only 2 statements every year. They include Statement of Accounts and Solvency and Annual Return.
No Limit on Capital
You can put any amount of capital to start an LLP firm. There is no limit on the amount of capital to invest in LLP.
Limited Liability of Every Partner
This is another advantage of forming an LLP firm. All the partners have limited liability and must pay only for their contributions. They do not have any personal liabilities in case of winding up of LLP firm.
Separate Legal Entity
Limited Liability Partnership firm gets a separate status on registration. It can buy or sell properties or sue in its name. LLP can also enter into a contract.
Documents Required for LLP Registration in Mumbai
- ID Proof of all Designated Partners
Partners need to submit PAN and Aadhar card as a primary ID proof.
- Address Proof
All the partners are required to submit any documents for address proof (Water bill, electricity bill, property tax receipt) or rent agreement from the landload if the property is rented.
- Bank Account Statement
For residential proof latest bank statement or passbook of every partner.
- Photograph
Passport size photo of all designated partner
- Passport
Passport in case of Fireign nations or NRIs
- Registered Office Proof
Address proof of the registered office submitted during the registration.
- LLP Agreement
LLP agreement with stamp paper
Pre-Requirements for LLP Registration in Mumbai
- a) -- There must be a minimum of 2 persons to do LLP Registration Online in Mumbai.
- b) -- DSC (Digital Signature Certificate) is required for all authorized partners.
- c) -- All designated partners must have a DPIN.
- d) -- The LLP's name should not be confusingly similar to any other LLP or trademark.
- e) -- The LLP's partners make a capital contribution.
- f) -- LLP agreement between all the designated partners.
- i) -- Proof of the LLP's registered office.
Why Choose ExpertBells?
You will get your Limited Liability Partnership incorporation certificate within 20 business days.
A dedicated account manager is assigned to you, to answer all your question and query.
Fast and Easy Steps to form an Limited liability firm.
We provide LLP incorporation packages at a reasonable price that covers everything.
Check out our local presense: LLP Registration in Agra, LLP Registration in Delhi, LLP registration in Jaipur, LLP registration in Bangalore, LLP registration in Chennai, LLP registration in India, LLP registration in Pune
LLP Registration Packages in Mumbai
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- Expert Consultancy
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- GST Registration
- Expert Consultancy
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- GST Registration
- Udyam Registration
- GST Filings GSTR3B & GSTR1 (for 6 Months)
- Expert Consultancy
FAQs (Frequently Asked Questions)
Do all directors of the firm need DSC?
Yes, DSC (digital signature certificate) is necessary for every director of the company.
Can I add the word “Limited” at the end of my LLP’s firm?
No, you can add only the word “Limited Liability Partnership” at the end of the LLP name.
Does LLP require MoA and AoA?
No, Memorandum of Association (MOA) and Articles of Association (AOA) are not required in the formation of LLP company.
Who can be a partner in LLP?
For forming of LLP company any individual or body corporate can be a partner. But minors, undischarged insolvent, and someone who is suffering from any mental illness.