LIMITED LIABILITY PARTNERSHIP: PROCEDURE FOR FORMATION
LIMITED LIABILITY PARTNERSHIP: PROCEDURE FOR FORMATION
A Limited Liability Partnership is a body corporate formed and incorporated under the Limited Liability Partnership Act, 2008 and is a legal entity separate from that of its partners and has perpetual succession.
Process of Registration as LLP
Step 1: Obtain Digital Signature Certificate for the designated partners (designated partners are as good as the board of directors of a company)
Step 2: Apply for Director Identification Number (DIN) of all designated partners
Step 3: Apply for name approval in INC-Spice (RUN-LLP)
Step 4: File for the incorporation of LLP (Form FiLLiP)
Step 5: Draft and File LLP Agreement which shall also stipulate the business objects of the LLP
Forms to be filed with the MCA
Form Name | Form Purpose |
1. RUN-LLP (Reserve Unique Name Limited Liability Partnership–allowed only 2 proposed names) |
Form for reserving a name for the LLP |
2. FiLLiP | Form for incorporation of LLP |
3. Form-3 | Limited Liability Partnership Deed (LLP AGREEMENT |
Documents Required:
1.Of all the Partners:
Scanned copies of:
- Self –Attested PAN Card/ ID Proof of the Partners
- Self –Attested Address Proof of the partners
- Self –Attested Residence Proof of Partners
- Photograph
- Passport (in case of Foreign Nationals/ NRIs)
2.Of the proposed LLP:
Scanned copies of:
- Proof of Registered Office Address (Lease Deed / Rental Agreement)
- Digital Signature Certificate
- NOC –In case of Premises of Registered Office is others
Cost Involved in the Registration Process
The government fees for filing forms:
Step | Cost |
Step 1 – DSC | Around Rs. 1500-2000 for 2 partners(varies depending on the agency) |
Step 2 – DIN | Rs. 1000 for 2 partners |
Step 3 – Name Reservation | Rs. 200 |
Step 4 – Incorporation | Depends on capital contribution. Contribution up to Rs. 1 lakhs – Rs. 500, Contribution between Rs. 1 and 5 lakhs – Rs. 2000 |
Step 5 – LLP Agreement | Depends on capital contribution. Contribution up to Rs 1 lakhs – Rs 50 for filing Form 3 and stamp duty based on the state where LLP is formed |