All You Need to Know About Starting a Company
LLP Registration Process
The LLP registration is done online within 14 working days. At Clickntax, we are available to make you understand the registration process LLP which is much similar to private limited company. We are providing you an overview of all information related to it. However, if you still have queries related to it, you may contact us at support@clickntax.com and our representative will get back to you as soon as possible.
Our LLP Registration package includes the following:- DSC for one director and DIN for up to three directors
- Drafting of MoA & AoA
- Registration fees and stamp duty
- Company Incorporation Certificate
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Obtaining DSC and DIN
Class-2 Digital Signature Certificate (DSC) of partners are required to sign electronic documents. In order to get it, you require self-attested copy of their PAN card and address proof. It is a 2 days procedure. The law also requires that all partners file for a DIN number. The application has to be filed with Form DIR- 3.
Application for LLP Name
MoA and AoA Submission to MCA
- Copy of Rental Agreement (along with NOC from owner/Sale Deed)
- Latest Utility Bill
- Affidavit from partners
- Copy of PAN card, Identity and Address Proof of 3 directors for DIN It will be done by submitting the Form2.
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APPLY FOR PAN & TAN & BANK ACCOUNT
You have to make sure the uniqueness of your company name. It can be verified by running a company name search. If your preferred name is already taken, you can also register a company name different from your brand name.
However, if you're going to register the brand name, you need to verify whether it has been trademarked already. It can be verified at http://www.ipindia.gov.in/. If it has been trademarked, you will require a no-objection certificate from its owner to make it as your company's name.
You also need to fulfil MCA guidelines by ensuring that the name has a unique and descriptive component.
Once you get name for your company, the Memorandum and Articles of Association need to be approved. The following documents will be required for it:
Once your company is incorporated, you should apply for a PAN and TAN with NSDL. It will cost around Rs. 200 and will take a time period of three weeks.
Documents Required for LLP Registration
To be submitted by partners
- Scanned copy of Voter's ID/Passport/Driver's License
- Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
- Scanned passport-sized photograph
- Specimen signature (blank document with signature [partners only])
Note: Any one of the partners must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).
For the registered office
- Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Scanned copy of Notarised Rental Agreement in English
- Scanned copy of No-objection Certificate from property owner
- Scanned copy of Sale Deed/Property Deed in English (in case of owned property)
Minimum Requirements for LLP Registration
Here is what is required of all new LLPs, at the very least:
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Two Partners
All LLPs must have at least two partners. There is no upper limit to it.
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Indian Resident
Out of all the partners, at least one must be a resident of India.
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Minimum Capital Contribution
There is no minimum capital requirement for an LLP. The LLP should have an authorised capital of at least Rs. 1 lakh.
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Registered Office:
The registered office of an LLP does not have to be a commercial space. Even a rented home can be the registered office as long as NoC is obtained from the landlord.
Advantages of LLP Registration
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No personal Liability to partners
On growing businesses need to lend money frequently. Partners have the personal liability for all this debt in a general partnership. So, in case of non-payment of debt by the business, the partners made to pay this debt by selling their personal assets. In an LLP, personal assets of the partners are safe and only the amount invested in starting the business will be lost under any circumstances.
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Reduced Compliance
You need to file audited annual returns in LLP only if turnover exceeds Rs. 40 lakh or capital contribution of over Rs. 25 lakhs. Also, it requires to communicate less business transactions and structural changes than a private limited company.
Testimonials
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Ankit Mishra
K-Tech Engineers (India) Pvt.Ltd.“One of the best online place for all your legal services. I used them for setting up a company, GST registration and filing, IT filing and for legal notices. They clear all the queries very patiently and make all the processes quite easy. But the best part is they charge very less cost compared to other online services.”
Shubham
Indian Courier Express“Very Professional. Co-operative. ClickNTax helped us to take informed decisions throughout the process. All done conveniently. Follow ups were quick. Thank you ClickNTax. :)”
