LLP Registration
For LLP registration in India, SAAAR is the most reliable and cost-effective service provider. We can help you register your LLP if you seek the best LLP formation services in Delhi.
The leading edge of an LLP is one partner is not responsible for the other partner’s wrongdoing or negligence. Professionals, Micro and Small enterprises prefer to form LLP for their business. LLP offers the benefit of limited liability towards owners and, at the same time, needs minimum maintenance. An LLP also provides limited liability safeguards for the partners from the liabilities of the LLP.
Benefits of Forming an LLP
There are many benefits to run a business by constituting as an LLP which is outlined below:
- Dual advantages- Partnership with features of a company
- No partner can be responsible for another partner’s misconduct
- Less expensive to incorporate than a private limited company
- Limits the liabilities of its partners
- Can raise funds from partners, banks and NBFCs
- Flexible agreement
Process of LLP Formation
Let us have a look at the process of registration with the help of the diagram below:
Get your LLP registration online in India with complete assurance. All your concerns related to LLP company registration in Delhi, LLP registration cost in Delhi, LLP registration process in Delhi will be dealt with our domain experts.
Frequently Asked Questions
- How many designated partners are required to start an LLP? What is the maximum limit?
A minimum of two designated partners (individuals) are required to start an LLP in India. At least one out of them must be a resident in India. There is no restriction on the maximum number of partners.
- What if the number of designated partners in an LLP gets reduced to 1?
If at any point, the number of partners in an LLP reduces to 1, the LLP must admit another partner within a period of 6 months; otherwise, the existing partner shall be personally liable for all the obligations related to that period.
- Can a partner bring his contribution in kind and not in cash?
As per the governing act, a partner can contribute in any form, tangible or intangible. So, a partner can bring his contribution in kind also.
- Can a company, LLP, or a partnership firm become partners in an LLP?
Yes, A company and an LLP can become partners in an LLP. But a partnership firm is restricted from becoming a partner in an LLP.
- Whether a non-resident can incorporate an LLP in India?
Yes, a foreigner can start its LLP in India, but one of the designated partners must be a resident in India.
- Can a foreign LLP establish its business in India?
Yes, a foreign LLP can establish its business in India by filing LLP Form 27 (Form for registration of foreign LLP in India) with the registrar within 30 days of setting up its business in India.
- Is there any requirement to apply for DPIN if a person already has a DIN?
If a person already has a DIN, then there is no need to apply for the DPIN separately. The DIN shall be considered as his DPIN also.
- Can a company or a partnership firm convert itself into an LLP?
Yes, a partnership firm, a private company and an unlisted public company can convert itself into an LLP.
- Is it allowed for an LLP to have charitable and not for profit objectives?
No, an LLP can only have objectives associated with earning profit. One cannot run an LLP for charitable objects.
