Expert Support for LLP Registration, including LLP Agreement Drafting and Compliances Requirement Covered.
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LLP firm is one of the most important form of a business organization. It is a popular form of business structure in India. A minimum of two persons are required to establish a LLP firm
A LLP is where two or more persons come together to establish a business and divide its profits amongst themselves in the agreed ratio. The LLP business includes any kind of trade, occupation and profession.
A LLP Has its Own Existence, allowing it to enter into Contract, acquire assets, on its own name, Separate from its Partner and it is best Business Form for the Startups.
A Limited Liability Partnership (LLP) is a registered business structure offering limited liability, tax benefits, and a separate legal identity. Ideal for startups, it combines partnership flexibility with corporate protection, ensuring cost-effective and scalable operations.
An LLP is a separate legal entity, registered under the LLP Act 2008, giving it a distinct identity apart from its partners.
Unlike traditional partnerships, an LLP enjoys perpetual succession, meaning it continues to exist despite changes in partners due to retirement, death, or insolvency.
An LLP is treated as an independent legal entity. Its assets and liabilities are separate from those of its partners, protecting personal assets from business debts. Many established organizations prefer to work only with limited companies or contractors rather than sole traders.
Partners can draft an LLP Agreement tailored to their needs, outlining rights and duties. If not, the LLP Act governs their relationship.
An LLP is recognized as a legal person, capable of entering contracts, owning property, and conducting business in its own name.
Partners' liabilities are limited to their contributions, shielding personal assets from business risks. Each partner is only responsible for their own actions.
LLPs require a minimum of two partners, with no upper limit. At least two designated partners must be individuals, one of whom must be an Indian resident.
Partners manage day-to-day operations, but only designated partners are responsible for legal compliance, ensuring efficient governance.
LLPs are established solely for profit-making businesses and cannot operate as non-profits or charitable entities.
In an LLP, one partner's actions do not bind others unless authorised. Each partner is liable for their own acts, not for those of other partners.
Any individual or entity with the legal capacity to enter into a contract can form a partnership. The key eligibility criteria are as follows:
Minimum 2 Partners
Minimum 2 Designated Partners
One Resident Indian Designated Partner
Valid & Unique Name
Registered Office Address
Adequate Capital
Business Objective
KYC Documents of Partners
Latest Utility Bills as Proof of Registered Office Address
NOC from the Property Owner
Digital Signature of Authorised Signatory
Designated Partner Identification Number
LLP Agreement
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Legal Status of LLPs
Flexibility in Management
Liability Protection
Minimal Compliance Requirements
Taxation Benefits
Perpetual Succession
Ease of Transferability
Your Seamless LLP Incorporation Journey with Ensurekar
Our expert consultants will discuss your business goals and tailor an LLP structure that perfectly suits your needs.
We'll conduct a thorough name search and file the RUN-LLP form to reserve a unique name for your LLP.
Our team will draft a comprehensive LLP agreement outlining partner roles, profit-sharing, and operational procedures.
We'll guide you through the process of obtaining Digital Signature Certificates (DSC) for all partners.
We'll prepare and file Form 2 (LLP Incorporation Application) and other necessary documents with the Registrar of Companies (ROC).
Our experts will liaise with the ROC to ensure your application complies with all regulatory requirements.
Once approved, we'll obtain your Certificate of Incorporation, marking the official birth of your LLP.
We'll assist you with obtaining PAN, TAN, registering the LLP agreement, and ongoing compliance filings.
Ensurekar offers a range of additional services, including annual compliance, trademark registration, professional tax, and structural changes, to help your business thrive.
LLPs are required to prepare and file financial statements annually. The financial statements include:
Includes Balance Sheet, Profit and Loss Account, and Cash Flow Statement.
Filed by LLPs with a turnover exceeding Rs. 40 lakhs or capital contribution exceeding Rs. 25 lakhs.
LLPs must file annual returns with the Registrar of Companies (ROC). The annual return includes details such as:
Filed with the ROC within 30 days from the end of six months of the financial year.
Filed within 60 days from the closure of the financial year.
Audit requirements for LLPs depend on their turnover and capital contribution:
LLPs with a turnover exceeding Rs. 40 lakhs or capital contribution exceeding Rs. 25 lakhs are required to get their accounts audited by a qualified Chartered Accountant.
Small LLPs (where turnover does not exceed Rs. 40 lakhs and capital contribution does not exceed Rs. 25 lakhs) are exempt from audit requirements.
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EnsureKar offers professional guidance throughout the entire registration process, ensuring compliance with legal requirements
We handle everything from name approval to incorporation documents, ensuring a smooth and quick registration process
We provide clear, upfront pricing with no hidden fees, making the entire process cost-effective and stress-free
Testimonials
Discover the journey behind EnsureKar's success and how we've helped countless businesses thrive. Explore our stories of innovation, growth, and dedication.
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Isabelle McKinney
Product Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Amy Gutierrez
CFO, Solutions
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Isabelle McKinney
Product Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Amy Gutierrez
CFO, Solutions
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Isabelle McKinney
Product Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Amy Gutierrez
CFO, Solutions
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Isabelle McKinney
Product Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Amy Gutierrez
CFO, Solutions
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Isabelle McKinney
Product Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Amy Gutierrez
CFO, Solutions
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
John D
Small Business Owner
Ensurekar's personalized service has been a game-changer for my small business. Efficient payroll processing.
Hunter Romero
HR Manager
Ensurekar's payroll solutions have transformed HR processes at Retail Innovations Ltd. The user-friendly platform
Ora Wong
Finance Director
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