Limited Liability Partnership

The concept of Limited Liability Partnership was introduced in the year 2009 in India to combine the benefits of both Company and a Partnership to form a single form of organisation. It may be said that a LLP is a Partnership with perpetual succession and limited liability and a Company without the complexities of having Share Capital. One of the biggest advantage of LLP is that one partner is not liable for any negligence or misconduct of another partner. Compliances involved in the formation and maintenance of LLP are minimal.

Minimum Requirements :

  • Partners- 2
  • Designated Partners- 2

Documents :

  • PAN Card of all Partners and Designated Partners (Self attested)
  • Identity Proof of all Partners and Designated Partners - Aadhar Card or DL or Voter ID or Passport (Self attested)
  • 1 Passport size photo of all Partners and Designated Partners
  • Address Proof of all Partners and Designated Partners - Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
  • Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
  • Copy of Government issued Utility Bill of Office address (Not older than 2 months)

Time :

15 to 20 working days subject to ROC processing time

Procedure :

  • Preparation of Digital Signature Certificate
  • Application for Director Identification Number (DIN)
  • Name Reservation
  • Application for Incorporation
  • Filing of LLP Agreement with the ROC

Fees :

₹9,999 (inclusive of GST)