Documents For LLP Registration
LLP registration procedure starts with documentation of the proposed designated partners/partners and relating to the registered address of the LLP. Ensure that the documents are updated and correct. The list of documents required is provided above for your reference. We shall request the necessary information for LLP Registration in the Questionnaire.
Selection of Name for LLP
The Name of the LLP should be cross-checked with the ROC and the trademark registry to avoid any infringement of someone else Trademark or Other Company /LLP Name. The selection of a proper name should be the starting point, Learn the Guideline for Name Approval of the LLP .
Making of Partners DSC for LLP Incorporation
DSC is equivalent to the physical or paper signature under the information technology act. For registration of LLP, all the applications to ROC are filed in digital format signed by designated partners of the LLP. The filing process starts with the issue of a digital signature for all the partners of the LLP.
Name Approval for LLP Registration
The application for the Name approval of LLP is submitted in FormForm RUN-LLP. It is a web-based application, where two names in order of preference can be filed with a note on the significance of the Name and the business activities.
ROC Filing for LLP Incorporation
The application of New LLP Registration is filed in FILIP Form immediately after name approval. The partners KYC documents and proof of the registered address are submitted along with the application form. The FormForm, FILIP, is attested by a practising Chartered Accountant, Company Secretary, Cost Accountant, or an Advocate practising at High Court. The government filing fee for LLP Registration depends on the proposed capital/contribution of the LLP.
Registration of LLP with ROC
The final stage for the LLP registration is the Issue of Certificate of Incorporation for the LLP after the verification of the application for LLP Registration is filed in FormForm FILIP. The issuance of the registration certificate of LLP is the conclusive proof of the registration of the LLP by ROC.
Drafting of LLP Agreement and Filing to ROC
Post-registration of the LLP, the partners need to enter into a valid agreement on stamp paper of appropriate value as per respective state. The LLP agreement defines the mutual rights and duties of the partners, and the signature on the LLP Agreement should be done before a notary public. The duly signed LLP agreement is then filed with ROC in Form -3 within 30 days of the LLP Incorporation.
PAN Card & TAN Number for the LLP
The LLP needs to make an application in the prescribed Form 49A to the income tax department for the allotment of PAN, The acknowledgement of pan application for the LLP is received within the same day. However, the pan is allotted within a week. TAN number is a permanent number assigned to business for complying with the provisions of withholding tax (TDS). You are required to deduct TDS while making payments; hence, the next step is to obtain a TAN number, which is mandatory to submit TDS Returns.
Do I need a full-time CA or CS for LLP Registration?
Hiring an individual personal CA or CS will be very costly for a startup. Considering this difficulty, we offer an alternate process for LLP Registration as an online professional service platform.
How to register an LLP, and what are the steps?
The LLP incorporation is a legal process which should be undertaken by experienced professionals. Following is the wise step process of LLP Incorporation in India.
- Arranging documents of the partners and the registered office.
- Making of DSC
- Reservation of Name
- Issue of the Incorporation Certificate
- Apply for PAN and TAN
- Drafting of LLP Agreement
- Filing of Form-3 within 30 days of Incorporation.
How to reserve the name of an LLP?
The name of an LLP must be unique and eligible, read more on how to keep the name of a company or LLP here: https://www.setindiabiz.com/learning/how-to-decide-name-of-a-company-llp/. For name reservation of the LLP, the application is filed in LLP Form No 1, if the name is unique and not similar to any already existing company or LLP then the name gets approved.
Do I have to be present in-person to incorporate an LLP?
Not at all. The new LLP registration procedure is entirely an online process. There is no requirement of physical presence to our office or in the office of the ministry of corporate affairs. Complete documentation can be done online.
What is the process to download the registration certificate of the LLP?
The registration certificate of LLP registration is sent on the email of the partner, however, in case it is not received for any reason then the same can be downloaded from the mca website on payment of a small inspection fee of Rs 100/-. for this purpose, please go to the Tab “Get Certified Copies” tab under “MCA Services.” The direct link is as follows. http://www.mca.gov.in/mcafoportal/getCertifiedCopies.do
How to obtain a PAN, TAN and an Open Bank Account of LLP?
The Income-tax Department allots a unique 10 Digit alphanumeric number as a permanent account number, also known as PAN Number. To comply with TDS provisions, every taxpayer needs to obtain a Tax Deduction Account Number. To open a Bank A/c, the LLP needs to submit a prescribed application along with KYC of LLP and all its partners.
Where to verify the LLP Registration Status?
To check the status of LLP Registration, you may visit the official website of the ministry of corporate affairs at www.mca.gov.in and navigate to the view Master Data of Companies or LLP. You may go the master page directly from this link. Search the name of the company, and you will see the details of the LLP and its status apart from other information.