Limited Liability Partnership

What is an LLP?

A Limited Liability Partnership (LLP) combines the benefits of a partnership and a company. In an LLP, partners enjoy limited liability, meaning their personal assets are protected, while still benefiting from the flexible management structure of a partnership. LLPs have their own legal identity separate from the partners.

Why Choose Easy My Tax Company for LLP Registration?

• We make LLP registration simple, fast, and affordable.
• Our experts guide you through every step — from name approval to document filing.
• We handle all legal formalities online, so you can focus on your business.

Eligibility and Requirements for LLP Registration with Easy My Tax Company

• Minimum two partners are required to form an LLP (no maximum limit).
• At least two designated partners who are natural persons; at least one must be an Indian resident.
• If a company is a partner, it must appoint a natural person as its nominee.
• Minimum authorized capital: Rs. 1,00,000 (as agreed by partners).
• All partners contribute agreed capital to the LLP.

Key Features of LLP

• Separate legal identity from its partners.
• Requires at least two partners to start.
• No limit on the maximum number of partners.
• At least two designated partners, with one resident in India.
• Partners have limited liability based on their investment.
• Cost-effective and simpler to maintain than a private limited company.
• Flexible management with fewer compliances.

Advantages of LLP Registration with Easy My Tax Company

• Limited liability protects partners’ personal assets.
• LLP has its own legal identity, enhancing credibility.
• Lower registration and compliance costs compared to companies.
• No fixed capital requirement; partners decide their contribution.
• Easy to manage with fewer rules and formalities.

Disadvantages of LLP

• Must have at least two partners at all times.
• LLP can be dissolved if the number of partners falls below two for 6 months.
• Limited scope to raise large investments from outside investors.
• Penalties apply if compliance filings are not made on time.

LLP Name Guidelines

• The LLP name must be unique and not similar to any existing company or LLP.
• It should reflect the nature of the business.
• The name must end with “LLP” or “Limited Liability Partnership”.

Documents Required for LLP Registration with Easy My Tax Company

• PAN Card or ID proof of all partners.
• Address proof of all partners (Bank statement, utility bill, etc.).
• Passport size photographs of partners.
• Proof of registered office address (rent agreement, NOC from owner, utility bill).
• Digital Signature Certificate (DSC) of designated partners.

Step-by-Step LLP Registration Process with Easy My Tax Company

1. Obtain Digital Signature Certificate (DSC) for all designated partners.
2. Apply for Director Identification Number (DIN) if partners don’t already have one.
3. Select and Reserve LLP Name through MCA portal.
4. File LLP Incorporation Form (FiLLiP) with details of partners, registered office, and capital.
5. Draft LLP Agreement outlining rights and duties of partners (must be notarized).
6. Submit LLP Agreement to MCA within 30 days of incorporation.
7. Receive Certificate of Incorporation from Registrar of Companies.
8. Apply for PAN and TAN for LLP (often done automatically during incorporation).

Why Register Your LLP with Easy My Tax Company?

• Affordable LLP registration fees with no hidden charges.
• Professional guidance from start to finish.
• Fast name approval and online filing services.
• Complete assistance with DSC, DIN, PAN, TAN, and LLP Agreement.
• Dedicated customer support available for any questions.
• Transparent process with regular updates on your LLP registration status.

Start Your LLP Registration Today!

Take the first step to build your business with the trusted support of Easy My Tax Company. Contact us now for hassle-free LLP registration and expert help every step of the way.