Register your LLP now
Packages Starting @ 3,999*/-
*Government fee on actual
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Registration
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Incorporation Document
2 or more persons subscribe to an incorporation document for carrying on a lawful business for profit.
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The incorporation document shall be filed in such manner along with prescribed fees with Registrar of State in which registered office of LLP is to be situated.
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The incorporation document in the prescribed form shall state :
- Name of LLP
- Proposed business
- Address of registered office.
- Name and address of the partners and designated partners.
- Such other prescribed information.
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Also file a statement confirming on the compliance of all the requirements of LLP Act and the rules made there under certified by :
- An Advocate/CA/CS/Cost Accountant, engaged in formation of LLP; and
- Any one subscriber to the incorporation document
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Within 14 days of receipt of Incorporation document, the Registrar shall register the incorporation document and give a certificate of incorporation of LLP; signed by the Registrar himself and authenticated by his official seal.
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The statement made by an Advocate/ CA/ CS and subscribers shall be treated as an evidence by the Registrar that there are 2 or more subscribers to the Incorporation document for carrying lawful business for profit
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If a person making statement despite of the fact knowing it to be false or not believing it to be true, he shall be punishable with imprisonment of maximum 2 years and fine ranging from INR 10,000 – 500,000
Note:- On the incorporation of LLP, the persons who subscribed their names to the incorporation document shall be its partners and any other person may become a partner of LLP by and in accordance with LLP agreement.
Benefits of LLP Registration
- Suing and being sued
- Acquiring, owning, holding, developing, or disposing of property, whether movable or immovable, tangible or intangible
- Having a Common Seal
- Doing and suffering such other acts and things as Body Corporate may lawfully do and suffer
Name of LLP Firm
![llp](https://www.taxreturnwala.com/wp-content/uploads/2016/09/step1.png)
Every LLP shall have either the words “Limited Liability Partnership” or “LLP” at the end of its name
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Any LLP which contravenes the above provision shall be punishable with fine of minimum INR 2,000 up to a maximum of INR 25,000
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A person may apply for the reservation of name set out in the application in prescribed manner, form and fees
![step6](https://www.taxreturnwala.com/wp-content/uploads/2016/09/step6.png)
Every LLP shall print its name, registered office address, Registration number and limited liability statement in all its invoices, official correspondence and publications
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The Registrar may upon the receipt of application and fees, subject to Central Government Rules, reserve the name for a period of 3 months from the date of intimation by Registrar
![step3](https://www.taxreturnwala.com/wp-content/uploads/2016/09/step3.png)
No LLP shall be registered by a name which in the opinion of the Central Government is Undesirable or Identical or too nearly resembles to that of any other partnership firm, LLP, Body corporate or a registered trade mark or trade mark which is subject matter of an application for any other person under Trade Marks Act, 1999.
![step2](https://www.taxreturnwala.com/wp-content/uploads/2016/09/step2.png)
If any person carries on business under any name with “LLP” or “Limited Liability partnership” as its last words, not being a duly incorporated LLP, that person shall be punishable with fine of minimum INR 50,000 up to a maximum of INR 500,000
Extent of Liability of LLP and Partners
- The LLP is liable if a partner is liable to any person due to wrongful act or omission on his part in the course of business of LLP or with its authority
- An obligation of LLP, whether arising in contract or otherwise, shall be solely the obligation of LLP
- The Liabilities of LLP shall be met out of property of LLP
- A partner is not personally liable, directly or indirectly for an obligation of LLP.
- The obligation of LLP shall not affect the personal liability of a partner for his own wrongful act, but a partner shall not be liable for wrongful act of another partner of LLP.
*Footnote:-
LLP is not bound by the act of partner in dealing with a person if:
- A partner has no authority to act for LLP in doing a particular act
- The person knows that he has no authority or does not believe him to be a partner of LLP