LLP Registration in Mumbai Starts @ ₹ 4,999/-
- Free GST & MSME Registration
Fill the below details to Get Free Quote
- Government Expenses as per Actual
- Register Your Startup Company as Limited Liability Partnership in Just 5 – 7 days.
Why LLP Registration is Essential?
LLP registration in Mumbai is the business registration structure which has unique feature like limited liability. LLP is the combination of traditional partnership firm and a registered private limited company. For LLP Registration in Mumbai we require a minimum 2 person who becomes designated partner of LLP. LLP Registration in Mumbai can be done online through us under LLP act and registered under concerned ROC. We provide this registration for very affordable LLP registration fees that helps the business to form an LLP, LLP registration procedure is very easy. We can summaries the Limited Liability partnership registration benefits as below.A LLP is defined as an artificial person created by or under law for the time being in force, with a Separate legal Status, Perpetual Succession and Capacity to sue and can be Sued. It is not affected by the death or insolvency of any Partner.
A LLP is a Separate legal entity. It is a artificial person created by and registered under law, it has separate Legal Status from its Partners. It is established under the LLP Act and registered with Ministry of Corporate Affairs. It can sue and be sued in its own name. A LLP can own property and incur debts in its own name, the individual partners do not owe any liability towards the LLP’s creditors and debts.
LLP has perpetual succession that means it has continued and uninterrupted existence until it is legally dissolved under the law. A LLP, being a separate legal person, it is not affected by the death of any Partner and continues to be in existence irrespective of the changes in membership and Directorship. It remains active by complying to the LLP Act.
Limited Liability means being responsible only upto a fixed amount for debts or to the creditors of a LLP. Unlike proprietorships and partnerships or any other unregistered forms of business organisation, where the liability is unlimited. In LLP there is limited liability of the members in respect of the LLP’s debts. In other words, the liability of the Partners of a LLP is limited only to the extent of the face value of shares taken up by them.
A LLP being Separate Legal entity registered under law can acquire, own and dispose off, property in its own name. No any Partner can claim right upon the property of the LLP as long as the LLP is a going concern. A Partner merely has interest in the LLP property arising under the LLP Agreement of the LLP, measuring a sum for liability. Therefore, property of the LLP is not the property of the Partner.
Can Sue or Be Sued
A LLP being an independent legal entity can sue and can also be sued in its own name. A person can take legal action on his / her name on LLP also. Similarly, LLP being independent legal entity can take legal action in its own name against another person.
As the LLP is separate legal entity and artificial person in the eyes of law. LLP can borrow funds in their own name. LLP can accept loans and borrowings from banking or other financial institutions to render a larger financial assistance. Also Banks and financial Institutions give preference to registered business only for giving loan or any financial assistance
Better Credibility in Market
LLP is popular and well known business entity in India. Corporate Customers, Banks, Financial Institutions, Vendors and Government Agencies prefer to deal with LLP instead of normal proprietorship and partnerships.
No Audit Requirement & Minimal Compliances after Registration
LLP is easy to maintain and statutory audit is not applicable for Limited Liability Partnership with capital contribution of less than Rs. 25 lakhs and turnover not exceeding Rs. 40 lakhs. LLP is most ideal for Micro, Small and Medium enterprises and also for Startups.
Process for Online LLP Registration
Step 1: Fill up the Contact Form
Step 2: Our Expert will Get in Touch with You
Step 3: Our Expert will Ask for KYC Documents
Step 4: Our Expert will Apply for LLP Name Reservation
Step 5: Our Expert will Prepare LLP Registration Papers and Your Digital Signature
Step 6: Registration Papers will be sent to You for Signatures
Step 7: You need to send us Scan Copies of Registration Papers
Step 8: Our Expert will Apply for Registration Certificate with Ministry of Corporate Affairs
Step 9: Our Expert will take Registration Certificate from Ministry of Corporate Affairs and send it You along with Pan Tan Applications and Draft LLP Agreement
Step 10: You need to send us Signed Copy of LLP Agreement we will submit it Ministry of Corporate Affairs.
Documents Required For LLP Registration
- Passport Size Colour Photograph
- Colour Scan Copy of PAN Card – Self Attested
- Colour Scan Copy of Aadhar Card – Self Attested
- Latest Address Proof – Any One Self Attested
(Latest Bank Statement / Latest Electricity Bill / Latest Telephone Bill / Latest Mobile Bill / Gas Bill)
- For Registered Office Address Proof – Any One Self Attested
(Latest Electricity Bill / Latest Telephone Bill / Latest Gas Bill)
Checklist for Online LLP Registration in Mumbai
For Registering the LLP in India following Checklist needs to be followed
Minimum Two Designated Partner: A LLP must have atleast two Designated Partner and at maximum, there is no limit, at least one of them should be a resident of India.
Unique Name: The name of LLP must be unique. Your LLP name should not match with any existing registered companies or registered trademarks in India.
Minimum Capital Contribution: There is no prescribed minimum capital amount for a LLP Formation. However it is advisable to keep a minimum amount for current account opening. A LLP can have an Capital of at least Rs. 10,000 or less.
Registered Office: The registered office of a LLP should be in existence. It is not compulsory to keep Commercial or owned Residential Space as registered office Even a rented Commercial space or home place can be kept as the registered office, so long as NoC is obtained from the landlord.
How to Choose Name for LLP ?
One of the primary and most important steps before submitting Name Application to register llp is to ensure that the right LLP name and that name has not been already taken by another legal entity or resembling with any other company’s name / LLP’s name or business name. We can conduct LLP name search to check the availability of the particular name from the Ministry of Corporate Affairs and trademark Website and database.
We recommend our clients to think three to four alternative names so that we can check the best possibility of Name Approval during the Name Approval stage of LLP Formation. The Ministry of Corporate Affairs will be the final authority to approve the name based on the availability.
Important forms in LLP Incorporation Process