LLP Registration in Mumbai ) is a business structure that combines the flexibility of partnerships with the security of limited liability. We offer complete process & services for LLP registration in Mumbai, ensuring your business is set up property on time. LLP is less expensive to incorporate and maintain than a Private Limited Company. Due to it’s simpler incorporation procedure and lesser compliance formalities, LLP company registration is preferred by Medium and Small businesses. It is to note that LLPs can’t issue shares and thus can’t raise funds.
Benefits of LLP Registration
1 Limited Liabilities: This type of Company Registration, Partners’ assets are protected from business liabilities.
2 Operational Ease : It’s easy to operate LLPs as legal formalities are less in compare to other forms of Business registration.
3 Perpetual Succession : An LLP has a perpetual succession which means continued existence until it is legally dissolved or wound up. LLP is not affected by the death or removal of any Partner as it has a separate legal identity.
4 Lesser Legal Compliances: LLP does not require an audit if it has an annual turnover of less than Rs. 40 lakhs and capital contribution less than Rs.25 lakhs. It is relatively convenient to manage and run the company. Also it is easier to dissolve and wind up the company.
5 No Capital Requirement : There’s no minimum or fixed capital requirement, making it easier for startups and small businesses to opt for.
Documents Required for LLP Registration in Mumbai
1 PAN Card or ID Proof of Partners
2 Proof of Registered Office Address
3 Residential Proof of Partners
4 No Objection Certificate from rented office/property owner
5 LLP Agreement
6 Digital Signature Certificate
7 Bank statement
8 Passport Size photographs
9 Copy of Visa and Passport (applicate for NRI)
10 Apostilled and Notarized Documents (applicate for NRI)
11 Overseas Address Proof (applicate for NRI)
Eligibility Criteria for LLP Registration
1 Minimum Two Partners Required
2 Atleast one partner should be a resident of India.
3 Business Address Proof.
4 Borth Partners should be above 18 years of Age.
5 A unique and Original name of Business.
LLP Registration Procedure
LLP registration in Mumbai involves several crucial steps where we ensuring a smooth and legally compliant establishment of your business entity in each step of Registration. Given below are steps involved:
1 Obtaining a digital signature certificate
2 Obtaining Director’s Identification Number popularly known as DIN
3 Unique Name for Business Reservation
4 Incorporation Documentation
5 Receiving Incorporation certificate from ROC.
6 Fulfillment of post registration compliances.
Documents you will receive after LLP Registration
1 Certificate of Incorporation
2 Digital Signature Certificate
3 Partner identification Number
4 LLP TAN
5 LLP PAN
6 Company Master Data
7 LLP Agreement
8 Company (Business) Name Approval
LLP Registration FAQ
Can LLP Registration be Done Online?
Yes, it can be done online on the MCA website by filling in the required forms and uploading relevant documents.
Can LLPs issue shares?
No, LLPs can’t issue shares and can’t raise funds through shares.
What is the Cost of LLP Registration in Mumbai, India?
This cost for LLP Registration in Mumbai, India is around 9500 (INR)