Limited Liability Partnership Registration in Kerala

Limited Liability Partnership company registration in Kerala is a popular choice for entrepreneurs and professionals aiming to start a business with limited liability protection. LLPs combine the benefits of traditional partnerships with those of corporations, offering limited liability for partners and flexibility in both management and taxation. Familiarize yourself with the registration process of partnership to set up your LLP successfully.

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

Regular LLP Registration: This standard Online LLP Registration is designed mainly for business activities. The partners manage the LLP, and it is subject to taxation under the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can be transformed into an LLP through the Online Conversion LLP Registration process. In this process, the firm's partners are appointed as designated partners in the LLP, and the firm's assets and liabilities are transferred smoothly. This conversion offers benefits such as limited liability for partners, distinct legal entity status for the LLP, and potential tax advantages.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have at least two designated partners, with one partner being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): All designated partners are required to secure a DSC for signing documents electronically.
3. Designated Partner Identification Number (DPIN): All designated partners must secure a DPIN from the Ministry of Corporate Affairs (MCA) or the relevant authority in their jurisdiction.
4. LLP Agreement: An LLP agreement is a legal document that defines the partners' rights, duties, and responsibilities, as well as the LLP’s management structure. It must be prepared and filed with the Registrar of Companies (ROC) within 30 days of incorporation.
5. Address proof: The registered office of the LLP must provide valid proof of 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/Payu money payment gateway for online paymen.

Top 10 advantages to registering as LLP Registration in Kerala

• Limited liability: The partners of an LLP are responsible for the LLP’s debts and obligations only up to the extent of their contributions. Their personal assets are safeguarded and not at risk.
• Separate legal entity: A Limited Liability Partnership (LLP) functions as a separate legal entity from its partners, allowing it to enter into contracts, own assets, and engage in legal actions on its own.
• Flexibility in management: The partners of an LLP have the authority to manage the business and make decisions autonomously, without interference from external shareholders.
• Easy to set up: Setting up a Limited Liability Partnership is a streamlined process, involving less documentation than other business entities.
• Perpetual succession: An LLP enjoys perpetual succession, ensuring it remains operational even if partners change or pass away.
• Tax benefits: LLPs benefit from a lower tax rate compared to companies, and partners do not pay taxes on the profits distributed to them from the LLP.
• Less compliance requirements: LLPs have more straightforward compliance requirements than companies, resulting in lower costs and reduced time needed for regulatory tasks.
• Transferability of ownership: In Kerala, transferring ownership of an LLP is a smooth process, allowing the LLP to continue operating seamlessly despite changes in ownership.
• Access to funding: LLPs can obtain funding from partners, investors, and banks, which supports their growth and expansion.
• Credibility and brand image: Registering as an LLP improves the business’s credibility and professional image, which is vital for attracting customers, investors, and partners.