Are you looking to register llp online? Here is all the steps you should be aware about. Read ahead and get ready for limited liability partnership registration.
Step 1- Acquire the Digital Signature Certificate (DSC)
Obtaining DSC from all of our designated partners is the first step. Members can use the same DSC for ROC compliance forms, LLP registration, and tax returns.
Step 2: Apply for DPIN
In order to obtain DPINs, you must fill out the e-form DIR-3 application for Designated Partners Identification Numbers (DPINs).
Step 3: Get the Company’s Name Approval
In order to register an LLP, this step must be completed. Names of LLPs should be unique; otherwise, they may be rejected. Once you have obtained your DSC and DPIN, you can apply to have your company’s name approved. More information can be found on the MCA website RUN-LLP to ROC (Registrar of Companies).
Through RUN, an LLP applicant can propose up to two names.
Step 4: File Incorporation Application in e-form FiLLiP
Incorporation applications must be filed using e-form FiLLiP once the ROC approves the company’s name. FiLLiP contains information about each of the proposed designated partners. All the necessary documents should accompany the form. To register an LLP, the applicant must file the application with the ROC of the state where the registered office is located.
Step 5: File LLP Agreement in Form 3
It is necessary to file the online LLP agreement within 30 days of incorporation on the MCA portal. LLP agreements define the rights and responsibilities of partners. There may be differences in the value of the stamp paper, as well as the requirement for a stamp of Rs. 10/- to be duly signed.
Make sure your LLP agreement includes the following clauses:
- The following information should be provided for LLPs: Name, Object, and Registered Office;
- Contributions other than monetary ones are valued;
- An analysis of the profit-to-loss ratio;
- Details of designated partners, including their names and contact information;
- Capital loans are subject to interest charges;
- An account is used in a certain way;
- The rights and duties of all partners are the same;
- Auditors are appointed according to a specific process;
- An initial contribution from the partner of the LLP;
- Choosing an arbitrator;
- The Goodwill section and the Indemnity section need to be prepared further;
- New partner admission;
- Partner cessation;
- Limited Liability Partnership dissolution procedure;
- The liability of the LLP partners must also be specified, along with the extent of that liability.
- The remuneration payable to the working partners;
- Amendments to Limited Liability Partnerships;
- Information about other businesses, if they are carried.
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