Limited Liability of Partner
Operational Flexibility
Separate legal Existence
Lower Compliance Requirements
LLP is a type of business organisation where two or more persons form partnership with limited liability. Management & Administration of Limited Liability Partnership ( LLP) is in the same manner as a Partnership firm. But, it is treated before law as a corporate entity with limited liability for partners. The law which regulates registration and running of LLP is the Limited Liability Partnership Act, 2008.
1.A minimum of two persons come together to start a Limited Liability Partnership ( LLP). (Note: There is no limit as to the maximum number of partners in a LLP)
2.They shall apply to Ministry of Corporate Affairs for allotment of name for the LLP. Plse. note that proposed name shall not be same or similar to the name of existing company or LLP. You can check here name availability for LLP. Plse. also note that that name proposed shall not same or similar to a already registered trademark or is subject matter of an application pending for registration under the Trade Marks Act. You can check here whether the proposed name is based on a trademark registered or is subject matter of an application pending for registration under the Trade Marks Act.
3.Plse. get Digital Signature for one of the partners.
4.Submit application for the registration of the LLP along with the required documents and prescribed government fees.
5.Prepare Limited Liability Partnership Agreement and submit a copy of the agreement with Registrar of LLPs (within 30 days from the date of incorporation)
The following documents of all the promoters are required:
An application for reservation of name | Rs.200 |
Limited Liability Partnership whose contribution does not exceed Rs. 1lakh | Rs.500 |
Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs | Rs.2000 |
Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs | Rs.4000 |
Limited Liability Partnership whose contribution exceeds Rs. 10 lakh | Rs.5000 |
Limited Liability Partnership whose contribution does not exceed Rs. 1lakh | Rs.50 |
Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs | Rs.100 |
Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs | Rs. 150 |
Limited Liability Partnership whose contribution exceeds Rs. 10 lakh | Rs.200 |
Stamp duty in Kerala | Rs.1000 |
LIMITED LIABILITY PARTNERSHIP REGISTRATION
Monday – Friday 9am – 6pm
Saturday 9am – 2pm
Sunday closed
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