Limited Liability Partnership Registration in Maharashtra

If you’re thinking about converting your Partnership firm to a Limited Liability Partnership (LLP) in Mumbai, Maharashtra, this guide covers all you need to know about the advantages, process, necessary documents, and eligibility requirements. An LLP partnership agreement simplifies and enhances the process of business incorporation and management.

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

Regular LLP Registration: This is a typical Online LLP Registration tailored for business activities. The LLP is governed by its partners and is taxed according to the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can be converted into an LLP through the Online LLP Conversion Registration process. During this conversion, the firm's partners take on the role of designated partners in the LLP, with the firm's assets and liabilities being seamlessly transferred. This change brings several advantages, including limited liability protection for partners, the LLP's status 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 one partner required to be a resident of the country in which the LLP is registered.
2. Digital Signature Certificate (DSC): Each designated partner must acquire a Digital Signature Certificate (DSC) for the purpose of electronically signing documents.
3. Designated Partner Identification Number (DPIN): All designated partners need to obtain a Director’s Personal Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) or the appropriate authority in their country.
4. LLP Agreement: An LLP agreement is a legal document that details the rights, duties, and responsibilities of the partners, along with the management structure of the LLP. It must be created and filed with the Registrar of Companies (ROC) within 30 days of the LLP’s incorporation.
5. Address proof: The registered office of the LLP is required to submit valid address proof.

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 Maharashtra

• Limited liability: The partners of an LLP are responsible for the LLP’s debts and obligations only up to the limit of their contributions, with their personal assets remaining protected and unaffected.
• Separate legal entity: A Limited Liability Partnership (LLP) acts as a separate legal entity from its partners. This allows the LLP to contract, own property, and participate in legal actions independently.
• Flexibility in management: The partners of an LLP have the freedom to manage the business and make decisions independently, without any input from external shareholders.
• Easy to set up: Forming a Limited Liability Partnership is a simple and efficient process, with fewer documentation requirements compared to other business structures.
• Perpetual succession: An LLP benefits from perpetual succession, allowing it to remain in operation regardless of changes in its partners, such as their departure or death.
• Tax benefits: LLPs are taxed at a lower rate than companies, and partners do not incur taxes on the profits they receive from the LLP.
• Less compliance requirements: LLPs face simpler compliance requirements compared to companies, leading to reduced costs and less time spent on regulatory tasks.
• Transferability of ownership: In India, ownership of an LLP can be easily transferred, allowing the LLP to maintain uninterrupted operations despite changes in ownership.
• Access to funding: LLPs are capable of obtaining funding from partners, investors, and banks, which supports their development and expansion.
• Credibility and brand image: Registering as an LLP enhances the business's credibility and professional image, making it easier to attract customers, investors, and partners.