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More about Limited Liability Partnership (LLP) incorporation

Why should you opt for a LLP?

  • Limited Liability
  • Less Compliance than a Private Limited Company
  • Misconduct by one partner does not affect other partners
  • Not required to maintain registers

Requirements to start a LLP

  • At least 2 partners
  • At least one of the partners must be a resident in India
  • No mandatory minimum contribution

Process Flow

Timeline 10-15 working days
  • Raise a request with us, discussion with Wazzeer team, share basic information
  • Review proposal and hire
  • Share details and documents
  • Generation of DSC & DPIN
  • Name registration
  • Drafting of the partnership deed
  • Incorporation filing with RoC

Required Documents

  • PAN copy of all Indian partners of the Company
    • For Indian partners:
      If the document is in any other language apart from English it should be translated by the registered Translator.
  • Address Proof copy of all the partners of the Company
    • For Indian partners:
      Any of Adhaar copy, Driving license copy, Passport copy, Bank statement, rental agreement
    • For foreign partners:
      Any Valid Address proof issued by the home country's Govt., like Driving License, ID card etc.
      This document should be Notarised and apostilled/ Legalised
      If the document is in any other language apart from English it should be translated by the registered Translator
  • Proof of Address of Place of Business (Any of Rent Agreement, Absolute Sale deed supported with any of the utility bills like electricity bill or gas bill)
  • No objection certificate from the landlord for the registered office

Key Deliverables

  • Digital signatures (DSC)
  • DIN approval letter
  • Name approval letter
  • LLP Deed
  • Certificate of Incorporation
  • PAN of the company
  • TAN of the company

Why choose Wazzeer?

  • Qualified CA or CS

    Expert in Company incorporation; with 5+ Yrs experience,
    100+ Companies Incorporated. Wazzeer takes sector approach towards incorporation

  • Dedicated Account Manager

    Your one point contact for all legal,
    accounting and compliance matters during registration and beyond

  • Hassle Free Delivery

    Set SOP; Glitch free project delivery in 7-10 days

  • Cost Effective

    Best in industry price; Pay what you see; No Hidden charges

Frequently Asked Questions

Any individual - Resident in India, NRI, Foreigner can become a partner. However, it is mandatory that at least one of the partners is a resident Indian.
Any body corporate like Private limited company/ OPC/ LLP/ Section 8 company or even foreign body corporates can be Partners of an LLP
The term 'resident in India' means a person (Indian or not) who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.
According to the LLP Act, a minimum of two partners are required to start an LLP. At least one of them must be a resident in India.
There is no limit of maximum number of partners.
There is no mandatory minimum contribution to start the LLP. You can choose any amount you want to start with.
Partners can withdraw capital subject to LLP agreement. It is also possible for a partner to reduce contribution liability after giving notice to creditors
A partner continues as a partner in the LLP even after transferring all his rights in the LLP unless LLP agreement provides otherwise. A partner can even resign from the LLP. It is possible to remove a partner from the LLP subject to the LLP agreement.
Yes, you can show your own residential or rented home address as the registered office address of the Company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office. If you take place for rent, and the bill’s are on the Owner’s name then ‘No Objection Certificate’ is required.
No, the complete process can be carried online. Wazzeer has developed a Stand Operating Processes that delivers Business Registration 100% online in a seamless way.
A DSC or a Digital Signature Certificate is an instrument to electronically sign soft copies of documents. It is issued by the certifying authorities (TCS and n-Code being two of them) after ascertaining the identities of the individuals.
Director Identification Number (DIN) is a mandatory document for all directors (or proposed directors) of a company. It is an 8-digit Unique Identification Number allotted to all directors. This is issued by Central Government and has lifetime validity.
An LLP deed is signed by partners of LLP regarding the relationship between the individual partners in the LLP. This document determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership. Partners are to file an agreement by above declaration within 30 days of Incorporation
Accounts to be audited by a Chartered Accountant only if the turnover exceeds Rs.40 lakh or contribution exceeds Rs.25 lakh.
'Firm' tax is applicable to LLP @ 30.90% on net profit of the company. There is no DDT. Profit after tax will be credited to partners' account and it will not be taxable in the hands of partners again.

Still have doubts?

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