LLP Registration
Since its inception in 2012, Sariwal Consultancy has been a leading provider of comprehensive
legal solutions for businesses and entrepreneurs across India. Our platform seamlessly connects
clients with expert consultations from lawyers, chartered accountants, and company secretaries,
ensuring compliance with India's intricate legal framework.
In our commitment to supporting entrepreneurial ventures, we facilitate Limited Liability
Partnership (LLP) registrations. LLPs offer a unique business structure combining the
flexibility of a partnership with the limited liability protection of a corporation. Introduced
in India under the Limited Liability Partnership Act of 2008, this model provides partners with
protection from personal liability for the debts and obligations of the business.
Advantages of LLP Registration
- Limited Liability Protection: LLP registration shields partners' personal assets from
business-related liabilities, offering crucial financial security.
- Separate Legal Entity: Recognized as a distinct legal entity, an LLP can own assets, enter
contracts, and pursue legal actions in its own right, reducing reliance on individual
partners.
- Flexibility: LLPs provide greater flexibility in business structuring, management, and
decision-making compared to other business forms like sole proprietorships or partnerships.
- No Minimum Capital Requirement: LLP registration does not impose a minimum capital
requirement, simplifying the startup process and operational obligations.
- Preferred by Professionals: Professional service providers such as lawyers, accountants,
architects, and consultants favor LLPs for their suitability in professional practice.
- Continuity of Existence: With its independent legal status, an LLP ensures business
continuity despite partner changes or transitions, fostering stability and operational
consistency.
Registration Process
- Apply for DSC (Digital Signature Certificate): Initiate the process by applying for the
Digital Signature Certificate (DSC) for the designated partners of the LLP.
- Obtain DIN (Director Identification Number): Apply for the Director Identification Number
(DIN) for all designated partners or those intending to be designated partners of the LLP.
- Name Reservation (LLP-RUN): File the LLP-RUN (Limited Liability Partnership-Reserve Unique
Name) form to reserve the proposed LLP's name. Prior to filing, ensure availability of the
desired name on the MCA portal.
-
LLP Agreement Filing: File the Limited Liability Partnership Agreement, outlining the mutual
rights and duties of the partners and the LLP.
