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A Limited Liability Partnership (LLP) is a modern business structure that merges the benefits of partnerships and companies. LLPs offer flexibility in management while ensuring limited liability protection to partners. Governed by the Limited Liability Partnership Act, 2008, this structure is widely preferred by entrepreneurs due to its minimal compliance requirements and cost-effectiveness.

ASK Associates specializes in LLP registration, providing end-to-end assistance to ensure a seamless registration process. With our expert guidance, businesses can incorporate their LLP efficiently while complying with all legal formalities.

Key Features of LLP

• Separate Legal Entity: LLPs enjoy an independent legal status, distinct from their partners.
• Limited Liability: Partners are liable only to the extent of their agreed contribution.
• No Minimum Capital Requirement: LLPs do not require a minimum capital contribution for incorporation.
• Unlimited Number of Partners: Unlike traditional partnerships, LLPs can have an unlimited number of partners.
• Less Compliance Burden: LLPs face fewer regulatory obligations compared to private limited companies.
• Flexibility in Management: LLPs allow partners to decide their roles and responsibilities through an agreement.

Eligibility Criteria for LLP Registration

To register an LLP in India, the following conditions must be met:

• Minimum Two Partners: An LLP must have at least two partners.
• At Least One Resident Indian Partner: One designated partner must be a resident of India.
• Agreed Capital Contribution: Partners must agree on their capital contributions.
• Unique LLP Name: The LLP name must be distinctive and not identical to existing firms.
• Designated Partners with DIN: All designated partners must obtain a Director Identification Number (DIN).

Documents Required for LLP Registration

Partners must provide the following documents to initiate the LLP registration process:

For Partners:

1. PAN Card (Mandatory for Indian partners)
2. Address Proof (Aadhar Card/Voter ID/Passport/Driver’s License)
3. Residence Proof (Bank Statement/Electricity Bill/Telephone Bill – not older than 3 months)
4. Passport-size Photograph
5. For Foreign Nationals: Passport, Address Proof (Driving License/Residence Permit/Bank Statement)

For LLP Registered Office:

1. Rental Agreement (if applicable)
2. No Objection Certificate (NOC) from the property owner
3. Recent Utility Bill (Electricity/Gas/Telephone – not older than 2 months)

Step-by-Step LLP Registration Process

Step 1: Obtain Digital Signature Certificate (DSC)

• All partners must acquire a Digital Signature Certificate (DSC) to file online documents with the Ministry of Corporate Affairs (MCA).

Step 2: Apply for Director Identification Number (DIN)

• Designated partners must obtain DIN before proceeding with incorporation.

Step 3: Name Reservation for LLP

• The proposed LLP name must be unique and comply with MCA guidelines.
• Name approval is done through the RUN-LLP form on the MCA portal.

Step 4: Filing of Incorporation Form (FiLLiP)

• The FiLLiP (Form for Incorporation of LLP) must be submitted along with the required documents.
• The Certificate of Incorporation is issued upon approval.

Step 5: Drafting and Filing LLP Agreement

• Partners must draft an LLP Agreement, detailing the rights and responsibilities of each partner.
• The agreement must be filed within 30 days of incorporation.

Step 6: Apply for PAN & TAN

• Once incorporated, the LLP must obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

Post-Incorporation Compliance for LLP

Annual Compliance Requirements

• Annual Returns (Form 11): Must be filed within 60 days from the end of the financial year.
• Statement of Accounts & Solvency (Form 8): Must be filed by October 30th each year.
• Income Tax Return: LLPs must file an ITR annually before July 31st (if not subject to audit) or September 30th (if subject to audit).

Other Key Compliance Requirements

• GST Registration (if applicable)
• Professional Tax Registration (if required in the respective state)
• TDS Compliance (if tax deduction is applicable)

Failure to comply with these regulations may result in hefty penalties and legal consequences.

Why Choose ASK Associates for LLP Registration?

At ASK Associates, we provide comprehensive LLP registration services tailored to meet your business needs. Our expert team ensures a hassle-free registration process while offering the following advantages:

• Affordable Pricing: Competitive LLP registration fees with no hidden charges.
• Expert Assistance: End-to-end guidance from name approval to post-registration compliance.
• Quick Processing: Efficient handling of applications for fast incorporation.
• Legal Compliance Assurance: Ensuring adherence to all LLP Act requirements.
• Dedicated Customer Support: Responsive team to resolve your queries at every stage.

Get Started with ASK Associates Today!

Ready to register your Limited Liability Partnership (LLP)? Let ASK Associates handle the entire process for you. Contact us today and take the first step toward building a legally secure and successful business.