Limited Liability Partnership Registration in Madhya Pradesh

A Limited Liability Partnership (LLP) is a type of partnership where partners benefit from limited liability, protecting them from personal responsibility for the partnership’s debts and obligations. It functions as a separate legal entity with perpetual existence, independent of its partners.

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

Regular LLP Registration: This describes the standard process for online LLP registration, adapted to suit various business activities. Managed by its partners and regulated under the Income Tax Act, the LLP provides a versatile and effective structure for diverse enterprises.

Conversion LLP Registration Online: A partnership firm can smoothly transition to an LLP via the Online LLP Conversion Registration process. In this process, the current partners become designated partners in the LLP, with the firm’s assets and liabilities being transferred seamlessly. This conversion provides benefits such as limited liability protection for the partners, the LLP’s status as a separate legal entity, and possible tax advantages.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have at least two designated partners, with one being a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): An LLP must have at least two designated partners, with one being a resident of the country where the LLP is registered.
3. Designated Partner Identification Number (DPIN): All designated partners must obtain a Digital Signature Certificate (DSC) to electronically sign documents.
4. LLP Agreement: The LLP agreement is a formal document that details the rights, duties, and responsibilities of the partners and describes the management structure of the LLP. It must be created and filed with the Registrar of Companies (ROC) within 30 days following the LLP’s incorporation.
5. Address proof: The LLP must provide appropriate documentation to confirm the address of its registered office.

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 payment

Top 10 advantages to registering as LLP Registration in Madhya Pradesh

• Limited liability: The LLP must provide appropriate documentation to confirm the address of its registered office.
• Separate legal entity: A Limited Liability Partnership (LLP) acts as a separate legal entity distinct from its partners, allowing it to engage in contracts, hold property, and file lawsuits under its own name.
• Flexibility in management: A Limited Liability Partnership (LLP) functions as a distinct legal entity, separate from its partners. This independence permits it to make contracts, own property, and pursue legal actions under its own name.
• Easy to set up: Setting up a Limited Liability Partnership is a simple and efficient process, with fewer documentation requirements than other business structures.
• Perpetual succession: An LLP has perpetual succession, which means it can remain operational without interruption, even when there are changes in partners due to departures or deaths.
• Tax benefits: LLPs are taxed at lower rates than companies, and the profits shared with partners do not incur additional taxes.
• Less compliance requirements: LLPs benefit from reduced tax rates compared to companies, and the profits shared with partners are exempt from additional taxes.
• Transferability of ownership: In India, ownership transfers in an LLP are uncomplicated, ensuring that the LLP can continue to function smoothly despite changes in ownership.
• Access to funding: LLPs can secure funding from partners, investors, and banks, facilitating their growth and expansion.
• Credibility and brand image: LLPs can obtain financing from partners, investors, and banks, supporting their growth and expansion.