LLP Registration in Jaipur

Limited Liability Partnership (LLP) is a body corporate formed and registered under the Limited Liability Partnership Act, 2008 and is a legal entity separate from that of its partners. LLP has perpetual succession. Any change in the partners of LLP shall not affect the existence, rights or liabilities of the LLP. 

Every LLP shall have at least two designated partners who are individuals and at least one of them shall be resident in India. In case of an LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

The main object behind is that one partner should not be liable for the acts or negligence of other partners. It combines the features of Partnership and a Company like separate legal entity, limited liability etc. Further, it involves less legal formalities and is easy to register. 

LLP Registration in Jaipur

Advantages of LLP registration in Jaipur

Separate Legal Entity

The Limited Liability Partnership Act, 2008 also provides the benefit of Separate Legal Entity which says that the LLP is distinct from its Partners.

Lower Registration Cost

The cost involved in registration of a Limited Liability Partnership is much less than any other corporate entity.

Limited Liability

The Liability of Partner of LLP is limited to the amount of capital contributed by them limiting the risk of business and thereby safeguarding the assets of Partners.

Flexible Agreement

LLP Agreement can be modified as per the requirements of the partners like addition or removal of partners, banking transactions.

Less Compliance Formalities

The Limited Liability Partnership involves less compliance burden in comparison to any other corporate entities in thereby making it cost friendly also.

No compulsory requirement of Audit

LLP Agreement can be modified as per the requirements of the partners like addition or removal of partners, banking transactions.

Documents required for registration of LLP in Jaipur

  • Passport size photograph of all the partners
  • PAN Card of all partners
  • Business Address Proof
    Rented/leased:     (Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
  • Business Address Proof
    Owned Property     : (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
  • Proof of Address (Utility Bill/Bank Statement/Telephone Bill which should not be later than 2 months)
  • Proof of Identity (Driving License/Voter ID Card/Passport) of the Partner
  • Disclosure of interest in other entities
  • Consent Letter

Minimum Requirements For Limited Liability Partnership(LLP) registration in Jaipur

  • At least one Designated Partner should be Indian Resident
  • Minimum two Designated Partner
  • DIN of the Designated Partners
  • No Minimum Capital requirement.
  • Digital Signature Certificate of one Designated Partner
  • Contribution whether tangible or intangible property or other benefits of LLP

Procedure for Registration of Limited Liability Partnership (LLP) in Jaipur

Name Availability

LLP registration begins with selecting a unique name for your partnership. Remember that the name should not be identical or similar to any existing LLP or company. A catchy and distinctive name can leave a lasting impression on your clients and partners.

Obtain the DSC & DIN/DPIN

LLP registration begins with selecting a unique name for your partnership. Remember that the name should not be identical or similar to any existing LLP or company. A catchy and distinctive name can leave a lasting impression on your clients and partners.

E-filing for incorporation of a LLP

Once the name is approved, an online application is required to be filed through E-Form Fillip along with the requisite documents as obtained with ROC

Get Certificate of Incorporation

Lastly, after the approval a Certificate of Incorporation will be provided through e-mail which signifies that the LLP has been incorporated.

Filing of LLP Agreement

Within 30 days of the incorporation, LLP Agreement as drafted by our team will be shared and after approval from the partners it will be printed on the stamp paper and will be filed with the Registrar of Companies.

FAQs about (LLP) Registration in Jaipur

Q1: Can a foreign national be a partner in an LLP registered in Jaipur?

A1: Yes, a foreign national can be a partner in an LLP registered in Jaipur, provided they comply with the Foreign Exchange Management Act (FEMA) guidelines and obtain the necessary approvals.

Q2: Is there a minimum capital requirement for LLP registration in Jaipur?

A2: No, there is no minimum capital requirement for LLP registration. You can start an LLP with any amount of capital.

Q3: How long does it take to complete the LLP registration process in Jaipur?

A3: The LLP registration process typically takes around 7 to 10  days, subject to government processing times and document submission.

Q4: Do I need a physical office space for LLP registration in Jaipur?

A4: Yes, you will need a physical address for your LLP’s registered office in Jaipur. It can be a commercial or residential address.

Q5: Can an LLP convert into a private limited company later?

A5: Yes, an LLP can convert into a private limited company, subject to compliance with the Companies Act and approval from the concerned authorities.

Practice area's of B K Goyal & Co LLP

Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice