Limited Liability Partnership (LLP) is a popular business structure for small and medium-sized businesses in India. LLP registration provides businesses with limited liability protection and ease of operation. In this article, we will discuss the costs involved in obtaining an LLP registration certificate.
Costs Involved in Obtaining LLP Registration Certificate
The costs involved in obtaining an LLP registration certificate can be broken down into the following categories:
- Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) Before applying for LLP registration, the designated partners of the LLP must obtain a Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN). The cost of obtaining a DSC and DPIN varies depending on the agency or service provider. On average, the cost of obtaining a DSC and DPIN is around Rs. 1,000 – Rs. 2,000.
- Name Approval The next step is to apply for name approval of the LLP. This involves submitting a form to the Registrar of Companies (ROC) with the proposed name of the LLP and paying the necessary fees. The fee for name approval is Rs. 200 per name.
- Filing of LLP Agreement Once the name is approved, the LLP agreement must be drafted and filed with the ROC. The fee for filing the LLP agreement varies depending on the contribution made by the partners to the LLP’s capital. The fee for filing the LLP agreement is as follows:
- LLP with a contribution of up to Rs. 1 lakh: Rs. 500
- LLP with a contribution of Rs. 1 lakh to Rs. 5 lakhs: Rs. 2,000
- LLP with a contribution of Rs. 5 lakhs to Rs. 10 lakhs: Rs. 4,000
- LLP with a contribution of Rs. 10 lakhs to Rs. 50 lakhs: Rs. 5,000
- LLP with a contribution of Rs. 50 lakhs to Rs. 1 crore: Rs. 10,000
- LLP with a contribution of more than Rs. 1 crore: Rs. 15,000
- Filing of Incorporation Documents After the LLP agreement is filed, the incorporation documents must be filed with the ROC. The fee for filing the incorporation documents depends on the LLP’s capital contribution. The fee for filing the incorporation documents is as follows:
- LLP with a contribution of up to Rs. 1 lakh: Rs. 500
- LLP with a contribution of Rs. 1 lakh to Rs. 5 lakhs: Rs. 2,000
- LLP with a contribution of Rs. 5 lakhs to Rs. 10 lakhs: Rs. 4,000
- LLP with a contribution of Rs. 10 lakhs to Rs. 50 lakhs: Rs. 5,000
- LLP with a contribution of Rs. 50 lakhs to Rs. 1 crore: Rs. 10,000
- LLP with a contribution of more than Rs. 1 crore: Rs. 15,000
Conclusion:
The costs involved in obtaining an LLP registration certificate can vary depending on the capital contribution of the LLP and the agency or service provider. On average, the total cost of obtaining an LLP registration certificate can range from Rs. 5,000 to Rs. 20,000. It is important to ensure that all the necessary documents are submitted and the fees are paid in a timely manner to avoid any delays in the process. It is also advisable to seek the help of a professional service provider to ensure that the LLP registration process is carried out smoothly and efficiently.