Incorporation of Limited Liability Partnership
Created on 20 Aug 2018
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Updated on 19 Oct 2019
Two or more persons associated for carrying on a lawful business with a view to profit should form an LLP. It is a suitable form of business Organizations for small & medium enterprises.
Steps to Register an LLP
Step I: Acquire/ Register DSC (digital signature certificate)
Step II: Application for DIN or DPIN
All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN)”. In case you already have a DIN (Director Identification Number), use the same as a DPIN.
Step III: Incorporation of LLP
Apply for the name of the LLP.
According to the Limited Liability Partnership Act, 2008, every limited liability partnership shall have either the words “limited liability partnership” or the acronym “LLP” as the last words of its name.
After the Name gets approved, the incorporation document shall be filled.
It shall state the name, proposed business, address of the Registered Office of LLP. It shall further state the name and address of the Partners and Designated Partners of the LLP and such other information as required.
Step IV: File LLP Agreement
After incorporation of LLP, an initial LLP agreement is to file within 30 days of incorporation of LLP. Any change in the LLP agreement is also required to be notified to the Registrar of Companies.
To know more about Limited Liability Partnership click here
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