Steps for incorporation of LLP
STEPS FOR INCORPORATION OF LLP
| STEPS | DOCUMENTS REQUIRED |
| 1. Procure Digital Signature for one Partner | (1) PAN Copy
(2) Aadhaar copy (3) Email ID (4) Mobile Number (5) Passport size colour photograph |
| 1. Name approval for LLP | Information required:
1. Proposed business of the LLP 2. Up to 6 desirable names along with their significance |
| 2. Incorporation of LLP | Details required:
1. DIN of designated partners, if any 2. Details of their directorships in other companies and partnerships in other LLPs 3. Capital contribution of each partner 4. Address of registered office of LLP Documents required: 5. Subscription sheet to be signed by all partners. 6. Consent letter to act as designated partner 7. Address proof like electricity bill, water bill, LPG bill not older than 2 months for the registered office address 8. If property taken on rent, rental agreement along with NOC from owner for using the premises as registered office of the LLP 9. Identity Proof of partners (For Indian national PAN is mandatory ID Proof and for Foreign national, Passport is mandatory ID Proof) 10. Address Proof of partners like Passport, Voter ID Card, driving licence 11. Present address proof like electricity bill, telephone bill, mobile bill or bank statement In case of Indian national, electricity bill or telephone bill should not be older than 2 months from date of filing form and in case of foreign national, it should not be older than one year from date of filing 12. The documents need to be self-attested in case of an Indian applicant. In case of a foreign applicant, the documents need to be notarized or apostilled in the relevant country) In case of foreign designated partner, his signature needs to be notarized or apostilled in his country of residence. |
| 3. Execution of LLP Agreement and filing with Registrar of Companies | Within 30 days from the date of incorporation of the LLP, partners need to enter into LLP agreement and file the same with the Registrar.
Document needed: LLP agreement executed on a Rs. 2000 stamp paper |
| 4. Annual filing requirements | 1. Annual return containing details of partners and their capital contribution to be filed with RoC in Form 11 on or before May 30 of every year
2. Statement of account and solvency containing balance sheet and Profit and loss account to be filed in Form 8 on or before October 30 of every year |
Fees for LLP Forms varies depending upon the capital contribution. In case none of the partners have DIN, only 2 persons can become Designated Partners at the time of incorporation as only 2 DINs can be allotted with the incorporation form. Others can become partners. After incorporation, DIN can be procured and they can become designated partners.