Welcome to Kritika Gupta And Associates

Your Trusted Partner in LLP Registration

Limited Liability Partnership (LLP) is a contemporary and advantageous business structure. Blending the strengths of partnership dynamics and the security of limited liability, an LLP offers a versatile platform for entrepreneurs to collaborate and innovate confidently.

LLPs have become popular among entrepreneurs in various industries because they shield partners' assets and have more straightforward regulatory requirements than traditional corporations. The concept of LLP was introduced in India in 2008 and is governed by the Limited Liability Partnership Act, offering a dependable and adaptable option for businesses of all sizes.

LLP Registration Prerequisites and Eligibility Conditions

To qualify for the registration of an LLP company in India, you must adhere to the subsequent criteria:

• Minimum of Two Partners
• Designated Partners
• Nomination for Body Corporate Partner
• Agreed Contribution
• Minimum Authorized Capital
• Indian Resident Designated Partner

A Limited Liability Partnership (LLP) is a unique type of business setup that blends a partnership's and a company's features. In an LLP, partners enjoy limited liability, similar to shareholders in a company, while also benefiting from the flexibility and simplicity of a partnership. This arrangement grants the LLP its legal identity, allowing it to take legal actions and be subject to legal actions separately from its partners.

Documents Required

To initiate the registration process for an LLP, partners are required to furnish the following documents:

• PAN Card/ID Proof of Partners :

Partners can submit the following documents: Voter's ID, Passport, Driver's License, or Aadhar Card.

• Residence Proof of Partners :

Partners need to provide recent documents such as a bank statement, telephone bill, mobile bill, electricity bill, or gas bill from the last 2-3 months.

• Passport-size Photograph :

Partners should provide a passport-size photograph with a white background.

• For Foreign Nationals and NRIs :

Foreign nationals and NRIs intending to partner in an Indian LLP should submit their passport. Additionally, proof of address, such as a driving license, bank statement, residence card, or any government-issued identity proof containing the address, is required.

• Proof of Registered Office Address :

This includes the landlord's rent agreement and a no-objection certificate if the office space is rented. A recent utility bill (gas, electricity, or telephone) with the complete address and owner's name (dated two months or older) should also be submitted.

• Digital Signature Certificate (DSC) :

At least one designated partner must have a DSC for digitally signing documents.

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Advantages of LLP

The advantages of a Limited Liability Partnership (LLP) are elaborated in detail below:

• Own Legal Identity
• Less Risk for Partners
• Saves Money and Time
• No Fixed Money Needed

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Disadvantages of LLP

Limited Liability Partnerships (LLPs) present numerous advantages despite a few inherent disadvantages:

• Getting in Trouble for Not Following Rules
• Ending an LLP
• Hard to Get Big Money

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Registration Form

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