LLP Registration in India | LLP Company Registration Online

1. LLP REGISTRATION- REQUIREMENTS AND PROCEDURE https://www.jrcompliance.com

2. INDEX Important Factors of Different Forms of Company What is LLP Registration? Benefits of LLP Incorporation Documents Required For LLP Incorporation Characteristics of LLP Company Our Role in LLP Registration

3. ABOUT US Since 2013, JR Compliance has been providing 360-degree compliance services to startups, firms and establishments with the motive to make compliance services unchallenging for everyone. Because the Government of India has established several parameters to ensure the safety of the final consumers, including providing high-quality products to the consumer. That includes completing the prerequisites to survive in a competitive environment because these prerequisites act as fundamental factors that help an establishment to grow and develop. Be it BIS, BEE, TEC, AERB, FSSAI, including Company Registration, Private Company Registration, OPC, NGO, and any other corporate compliance service and business registration, we are equipped with all the resources and experts to provide reliable and competent compliance services, including global services. That’s why we will be responsible for following the systematic registration process, including filing the registration form, documentation, testing (if required), inspection (if required), and coordinating with the authorities for proper follow-up and acknowledgment - we have got everything covered. Our mantra is to provide technical compliance certifications with click access and at a reasonable cost.

4. WHAT IS LLP REGISTRATION? What is LLP Registration? In India, Limited Liability Partnership (LLP) was established under the Limited Liability Partnership Act 2008 (which came into effect on 31st March 2009). An LLP is a type of partnership in which all or some partners have limited liabilities depending on the jurisdiction. Thus, it comprises the features of a corporation and partnership firm. Consequently, LLP registration (LLP company registration) is the process of registering an LLP firm by fulfilling certain obligations. Moreover, LLP is unassociated with the limited partnership, yet, it carries out its operation like a limited partnership. But in an LLP company, the liability of each partner is limited (members/partners are liable to pay the debt of the company only to the extent of their capital contribution).

5. BENEFITS OF LLP INCORPORATION The existence of the company is not affected by the bankruptcy, death, etc of a partner. Flexible transfer of ownership without any procedural delay. LLP having capital below 25 lakh and annual turnover below 40 lakhs need not maintain a formal audit. LLP being a juristic person has the authority to own and acquire the property. It is organized and managed by the agreement. Provides professional or technical expertise to the company.

6. CHARACTERISTICS OF LLP COMPANY As a company, LLP is a separate legal entity. That means it has rights similar to a person. Thus, it can sue, be sued, own property, etc. To commence an LLP, you need at least 2 members, while there is no restriction on the maximum number of members. There is no restriction on the minimum amount required for LLP incorporation It continues to operate regardless of a change in its partners. The mutual rights and duties of partners are controlled by agreement between partners or agreement between partners and LLP. No partner in an LLP is answerable to the unaccredited or independent actions of the other partners.

7. IMPORTANT FACTORS OF DIFFERENT FORMS OF COMPANY Limited Liability Company Important Factors - Private Limited Company Important Factors - Public Limited Company Important Factors - Nidhi Company Important Factors - Incorporated under Section 406 of Companies Act Incorporated under Limited Liability Act, 2008 Incorporated under Company Act, 2013 At least seven members required for fomation Incorporated under Company Act, 2013 Controlled by RBI guidelines Minimum three directors are required for fomation Duration of incorporation is 15 days approx Nidhi Company Important Factors - Minimum 2 members and 2 directors are required At least two partners will be required for fomation Incorporated under Section 406 of Companies Act Stakeholders have control over business Stakeholders have control over business Partners have control over business At least seven members required for fomation Duration of incorporation is 15- 20 days Controlled by RBI guidelines Duration of incorporation is 12-15 days Duration of incorporation is 12-15 days Duration of incorporation is 15 days approx

8. DOCUMENTS REQUIRED FOR LLP INCORPORATION For identity proof, you need to submit a photocopy of the Voter’s ID card, Driving license, etc. Photocopy of electricity bill, telephone bill, latest bank statement, etc. You are required to submit the No-Objection Certificate (NOC) from the property owner If your business is operating at a rented place, you need to submit a photocopy of the rental agreement. In case you own the property, you need to submit the sale or property deed. Foreign nationals and NRIs need to submit a replica of a PAN card and passport.

9. OUR ROLE IN LLP REGISTRATION Our LLP registration consultant will assist you in the process of documentation, and evaluation. Our LLP registration consultant will assist you in opening a Current Bank Account for an LLP firm. OUr LLP registration consultant will assist you in choosing the right name of your LLP company by doing proper research to avoid further inconvenience in LLP registration process. Our LLP registration consultant will ensure a smooth procedure as we will be available whenever required. Our LLP registration consultant will directly coordinate with LLP officials to prevent errors as well as for proper follow-ups in LLP registration process Our LLP registration consultant will provide the finest solution to all your queries concerning LLP incorporation process/ LLP registration process.

10. CONTACT US Customer Support: 1800121410410 Phone: 01143022315 Email: support@jrcompliance.com Address: K8, Sector 3, Bawana Industrial Area, Delhi - 110039 (India) WEBSITE URL:https://www.jrcompliance.com/