Process your LLP Registration with Taxwalla

A limited liability partnership is a legal entity separate from its partners and it has perpetual succession. LLP is an updated version of an old age regular partnership firm. It combines beneficial factors of private limited company and flexibility of partnership firm. LLP is registered with the Registrar of Companies Department (ROC) and their online process is faster and easier to follow. A deed of LLP is executed between the partners which established the terms of engagement between the partners and towards the LLP.

Requirement

In order to make a Limited Liability Partnership firm in India, there is a minimum requirement of two partners that agree to come under a partnership firm on mutually agreed sharing percentage. There is no official limit to how many individuals can form a Limited Liability partnership firm in India. A minimum of 1 partner should be a resident of India to form a LLP, where as other partners can be international residents also.

So basically, if someone wants to start something owned and controlled by a single person, it is not possible under this form of organisation. However, the practical solution to this is you can take either your parent or spouse for the sake of compliance formalities. If you want to withdraw post-tax profits from the company, you don’t have to pay any additional tax to do so.

List of Documents (All should be self-attested and latest within 30 days)

  • LLP address proof (Any one of the follwing)

    1. Electricity bill
    2. Telephone bill
    3. Gas bill
    4. Water bill
    5. Any other utility bills
  • (II) NOC from the owner of the premises

    (Download the format here)
  • If premise is RENTED then in addition to above, registered rent agreement will be needed.

  • Documents for Partners (Same will be used for DIN and DSC)

a. PAN CARD (Mandatory)
b. Identity Proof (Any One)

  1. Passport
  2. Voter ID
  3. Aadhar Card
  4. Driving License

c. Residence Proof (Any One and latest within 30 days)

  1. Electricity bill
  2. Telephone bill
  3. Water bill
  4. Any other utility bills

d. Passport size photograph

Guideline

Please make sure that all the documents are visible and self-attested. All address proof documents should not be older than 30 days.

Benefits of an LLP

Shortcomings of LLP

LLP
Registration
Process

We at Taxwalla take pride in doing all the hardwork and the running around while you can focus on your business and operations.

01

Reserve the name of your LLP on MCA portal

We have get your LLP's distinctive name approved from the authorities.

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02

Acquire Digital Signature for partners

You digital signature will be issued by authorities in a USB token which will be needed to sign all the future forms

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03

Fill the forms of MCA portal

Our team will prepare the registration application forms with all the details and documentations

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04

Get Certificate of Incorporation on email from authority

Finally you will get Registration Certificate for your LLP

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Taxwalla Benefits

Online & Time Saving process

We will share all the neccessary documents through online means and take your signed papers and other documents in scan copies from you.

No need to visit any office

You can provide all the needed documents from the comfort of your home. One dedicated executive will be in touch over the call and emails.

Review by qualified professional to avoid errors

We have a team of qualified professionals who will review all the documents before submitting it to the government department so that we avoid the unwanted queries.

A simple online process that saves your time

We can exchange details & documents through the email, whatsapp or other convenient online modes. No need to download anymore apps.

Taxwalla Process

Fill the Form

Submit your basic details like name, contact number, email address so that someone from our team can get in touch with you.

Speak with our executive and sign papers

One of our executives will be dedicated to your task who will walk you through the complete process and prepare the needed papers.

Our executive file all the necessary forms

Based on the details and inputs received from you, our team will fill the forms & file it to the government department for future processing.

Get Certificate of Incorporation

Once the application is processed by the government department, you will get the Registration Certificate for your LLP. You are ready to open a bank account in your LLP's name.

FAQs

List of Documents (All should be self-attested and latest within 30 days)

LLP address proof

  • Any one document from the following:
    1. Electricity bill
    2. Telephone bill
    3. Gas bill
    4. Water bill
    5. Any other utility bills

(IV) NOC from the owner of the premises (Download here)

If the premise is RENTED then in addition to the above, a registered rent agreement will be needed.

Documents for Partners (Same will be used for DIN and DSC)

  • PAN (Mandatory)
  • Identity Proof (Any One)
    • Passport
    • Voter ID
    • Aadhar Card
    • Driving License
  • Residence Proof (Any One and latest within 30 days)
    • Electricity bill
    • Telephone bill
    • Bank statement
    • Any other utility bill
  • Passport size photograph

Guideline: Please make sure that all the documents are visible and self-attested. All address proof documents should not be older than 30 days.

Yes, An existing registered partnership firm can be converted to LLP. Kindly note, an unregistered partnership firm cannot be converted to LLP.

Yes, any existing private limited company or unlisted public limited company can be converted to an LLP by complying with the provisions of the LLP Act.

There is a minimum requirement of two partners to register an LLP. However, there is no limit on the maximum number of partners.

Yes, A NRI or A Foreign resident can become a partner in an LLP. However, there should be at least one Indian Resident designated partner.

No, An LLP can be registered at your residence address also if you do not have a commercial office space. An LLP can also be registered of rented or leased or your consented premises. If you are staying with your parents, LLP or company can be registered by taking a NOC from your parents.

Yes, the address of an LLP can be changed at any time by filing necessary documents with the ROC.

Yes, there is no such restriction under the law. However, you must check your employment agreement whether you can take a part-time or full-time engagement.

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