Finocircle, as an expert compliance and accounting service provider, has streamlined the LLP registration procedure. We ensure that our clients complete the entire LLP registration process within a week, assisting them at every step.

If you plan to start your LLP company, here are the steps you must complete in the LLP registration process.

Step 1: Name Reservation

1.1 Name Selection:

• Choose a unique name for your LLP.
• The name you choose must end with “Limited Liability Partnership” or “LLP”.
• To maintain a unique identity, avoid names too similar to existing companies or LLPs.
• Ensure the LLP name you choose doesn’t contain any prohibited words or phrases as per MCA guidelines.

1.2 Name Availability Check:

• Check the name availability on the MCA portal here.
• It is recommended to check trademark databases to avoid potential legal issues.

1.3 Name Application:

• File the RUN-LLP (Reserve Unique Name-Limited Liability Partnership) form on the MCA portal.
• Submit up to two name choices in order of preference.

Step 2: Document Preparation

2.1 Partner Information:

• Minimum two partners are required to incorporate an LLP.
• Documents required for partners: PAN card, Aadhaar card, passport-size photographs, and address proof.
• Documents required for partners that are corporate entities: Certificate of Incorporation, Board Resolution, etc.

2.2  Registered Office Proof:

• Provide documents as proof of the LLP’s registered office address, such as a utility bill, rent agreement, or property deed.
• No Objection Certificate (NOC) from the property owner in case of rental property.

2.3 LLP Agreement Drafting:

• Finocircle experts draft a comprehensive agreement tailored to your business needs for LLP registration outlining partners’ rights, duties, obligations, profit-sharing ratio, and other operational details.

Step 3: Digital Signature Certificate (DSC) and DPIN

3.1 DSC Application:

• Apply for Digital Signature Certificates for all designated partners as mandated by the MCA.

3.2  DPIN/DIN Application:

• Apply for a Designated Partner Identification Number (DPIN) or Director Identification Number (DIN) for all partners. It is a unique identification number required to monitor compliance for all designated partners of an LLP.

Step 4: Filing for LLP Registration

4.1 Form FiLLiP Preparation:

• Form FiLLiP (Form for incorporation of Limited Liability Partnership) is the most crucial document in the LLP registration process. Finocricle staff ensures that you accurately fill in the details like partner information, registered office address, and business activities.

4.2 Document Attachments:

• These are the documents required to Form FiLLiP, including:

   Proof of registered office address

Partners’ identity and address proofs

Consent of partners

DSC and DPIN/DIN details

4.3 Submission to Registrar:

• Submit the completed Form FiLLiP along with all attachments to the respective Registrar of Companies (ROC) based on your location state.
• Pay the prescribed government fees to complete the LLP registration.

Step 5: Issuance of Certificate of Incorporation

5.1  Application Processing:

• The ROC reviews the application and documents, approving LLP registration if everything is in order.

5.2 Certificate Issuance:

• Upon approval, the ROC issues the Certificate of Incorporation.
• This certificate is the official proof of your LLP’s existence and includes the LLP Identification Number (LLPIN).

Step 6: Post-Registration Compliance

6.1 LLP Agreement Filing:

• Next step in the LLP registration process is to file the executed LLP Agreement with the ROC within 30 days of incorporation.
• Pay the required stamp duty as per Delhi NCR rates.

6.2 PAN and TAN Application:

• Apply for a Permanent Account Number (PAN) for the LLP.
• Obtain Tax Deduction and Collection Account Number (TAN) if required.

6.3 Bank Account Opening:

• Use the Certificate of Incorporation to open a bank account for your LLP.

6.4 GST Registration:

• If applicable, register for Goods and Services Tax (GST).

Throughout the LLP registration process, Finocircle provides end-to-end support, ensuring you don’t miss any steps. Our compliance experts handle all documentation and form filing and liaise with the relevant ROCs to track your application. We keep you in the loop by providing regular updates on the progress of your LLP registration. Post registration, we also offer clients LLP annual compliance services.

Finocircle remains one of the most competent service providers for the registration of LLP in Delhi NCR. We strive to make the LLP registration process as smooth and efficient as possible, allowing you to focus on preparing for your business operations. At the same time, our team handles the registration intricacies.

LLP Registration Fees and Charges

Registration of LLP is not expensive as the Ministry of Corporate Affairs has ensured that business owners don’t have a barrier to start. Understanding the LLP registration fee will be crucial for budgeting.

Here’s a breakdown of the LLP registration fees and charges:

LLP registration fee:

The LLP registration charges are contingent on the capital commitment your business is making. Here’s the LLP fee slab outlined by MCA:

• ₹500 for LLP registration for businesses with a capital commitment of less than 1 lakh.
• ₹2000 for LLP registration for businesses with a capital commitment of more than 1 lakhs to 5 lakhs.
• ₹4000 for LLP registration for businesses with a capital commitment of more than 5 lakhs to 10 lakhs.
• ₹5000 for LLP registration for businesses with a capital commitment of more than 10 lakhs.

Addition government fees:

• Name reservation: ₹200
• Digital Signature Certificate (DSC): ₹1,500 – ₹2,000 per partner
• Stamp Duty: Varies by state (Delhi NCR rates apply)

*Please note that LLP registration charges are subject to change. Contact us for the most up-to-date LLP registration fees.