How to Incorporate a New Limited Liability Partnership Registration India
Incorporating a new Limited Liability Partnership (LLP) is a popular business structure in India. An LLP offers several benefits such as tax efficiency and limited liability of the partners. It is relatively easy to set up compared to setting up a Private Limited Company and the registration process can be completed online from the comfort of one's home or office. The key steps involved in the process are reserving the name, filing Form 2, and paying the requisite fee and stamp duty.
The first step involved in registering a Limited Liability Partnership is obtaining the Digital Signature Certificate of the designated partners. This is because all the documents filed for LLP online require DSC to be authenticated. A DSC can be obtained from government recognized certifying agencies. The cost of acquiring a DSC varies depending on the certifying agency.
Once the DSC is obtained, a self-attested copy of the PAN card of the proposed partners along with proof of address (Voter ID card/Driving License/Passport/Aadhar Card) and photo has to be submitted. Incorporating an LLP can be done through the Ministry of Corporate Affairs (MCA) online platform.
If the registered office of the LLP is going to be located on leased property, then the rent agreement and a no objection letter from the landlord have to be provided. Once all the documents are duly verified by the registrar, the registrar will issue a Certificate of Incorporation within 14 days from the date of filing.
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