Limited Liability Partnership Registration in Haryana

The Limited Liability Partnership Act, 2008 governs the LLP business structure. LLP registration in Haryana is becoming more popular for new ventures, with newly registered LLPs exceeding company registrations in recent years. Professional firms, such as Chartered Accountants, Company Secretaries, Advocates, recruitment agencies, and consulting businesses, often choose LLP registration for their partnerships.

There are two types of Limited Liability Partnership (LLP) Registration:

Regular LLP Registration: This outlines the typical process for Online LLP Registration, customized for different business activities. The LLP is governed by its partners and taxed in accordance with the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can smoothly transition to an LLP through the Online LLP Conversion Registration process. In this conversion, the firm's partners take on the role of designated partners in the LLP, and the firm's assets and liabilities are transferred seamlessly. This change provides several advantages, such as limited liability protection for the partners, the LLP's recognition as a separate legal entity, and potential tax benefits.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have at least two designated partners, with at least one being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): All designated partners must secure a Digital Signature Certificate (DSC) to sign documents electronically.
3. Designated Partner Identification Number (DPIN): Each designated partner must obtain a Director’s Personal Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) or the relevant regulatory authority in their area.
4. LLP Agreement: An LLP agreement is a legal document that specifies the rights, duties, and responsibilities of the partners and outlines the LLP’s management structure. It must be prepared and filed with the Registrar of Companies (ROC) within 30 days of the LLP’s formation.
5. Address proof: The LLP's registered office must provide valid proof of its address.

DOCUMENTS REQUIRED

Documents required for Limited Liability Partnership (LLP) Registration

For Director/Shareholders:

• Self-attested Pan card
• Self-attested Voter id or Driving license or Passport
• Self-attested Bank statement or electricity/telephone/mobile bill
• Recent passport-size photo

For Registered address of company:

If the premise is rented/leased

• Copy of the Electricity bill of the owner
• Rent or lease agreement
• NOC from the owner of the property

If the premise is Owned

• Copy of the Electricity bill of the owner
• NOC from the owner of the property

REGISTRATION PROCESS

LLP Registration Process

• Name Reservation
• Procurement of Digital signatures
• Preparation of Incorporation documents
• Drafting of LLP Deed

WHY US

What will you get from Us for Limited Liability Partnership (LLP) Registration?

• Incorporation Kit
• Bank Account opening document
• Document Formats
• First auditor appointment
• Two Class 3 Digital Signatures
• 2 Designated Partners Identification Numbers
• Company Name Approval
• LLP Deed
• Certificate of Incorporation

An additional benefit of Limited Liability Partnership Registration Online

1. Bank Account Opening
2. Free Domain
3. Free Website up to 5 pages
4. Listing on Social media platforms
5. Listing on Google My Business for nearby business
6. Razor pay/Pay money payment gateway for online payment

Top 10 advantages to registering as LLP Registration in Haryana

• Limited liability: The partners of an LLP are responsible for the LLP’s debts and obligations only up to their respective contributions, protecting their personal assets from being used to settle these liabilities.
• Separate legal entity: A Limited Liability Partnership (LLP) operates as an independent legal entity distinct from its partners, allowing it to enter into contracts, own property, and participate in legal actions on its own.
• Flexibility in management: The partners of an LLP can manage the business and make decisions autonomously, without any interference from external shareholders.
• Easy to set up: Setting up a Limited Liability Partnership is a streamlined and efficient process, involving fewer documentation requirements compared to other business structures.
• Perpetual succession: An LLP enjoys perpetual succession, enabling it to operate continuously without disruption, even if there are changes in its partners, including their departure or death.
• Tax benefits: LLPs enjoy reduced tax rates compared to companies, and partners are exempt from taxes on the profits they receive from the LLP.
• Less compliance requirements: LLPs enjoy lower tax rates than companies, and partners are not taxed on the profits they receive from the LLP.
• Transferability of ownership: In India, ownership transfers in an LLP are simple, enabling the LLP to maintain smooth operations even when ownership changes.
• Access to funding: LLPs can access funding from partners, investors, and banks, which helps drive their growth and expansion.
• Credibility and brand image: LLPs can obtain funding from partners, investors, and banks, which aids in their growth and expansion.