How to Get LLP Registration Online in India

LLP Registration online in India has become a popular and an alternative business structure that combines the benefits of a corporation and the flexibility of a partnership firm into a single entity.

The Limited Liability Partnership Act, 2008 established the concept of LLP in India, as a one-of-its-kind hybrid work mechanism. As a result, this has become an ideal way of doing business, especially for the small and medium-sized organizations.

In India, managing and forming a Limited Liability Partnership is quite simple. A minimum of two partners is necessary to form an LLP, but there is no upper limit. Every partner’s rights responsibilities are outlined in the LLP agreement.

The best part is that no partner is not liable for the wrongdoings or negligence of the other. The LLP agreement specifies that the partners are self-accountable for all compliances and requirements.

LLP registration online is an easy process facilitating a simple, quick, and a transparent method to help organizations build their foundation for a secure future.

Steps to Follow for LLP Registration Online

Step 1: Apply for a DIN or DPIN

All of the new LLP named partners must receive a "Designated Partner Identification Number (DPIN)". To receive a DIN or DPIN, everyone needs to complete the eForm DIR-3. A previously obtained DIN (Director Identification Number) can also be used for registering a new LLP.

Step 2: DSC Acquisition and Registration

The Information Technology Act, 2000 allows for Digital Signatures (DSC) on documents submitted in the electronic format to provide the security and authenticity of those papers.

All LLP(s) filings must be done with the use of Digital Signatures by the person permitted to sign the documents.

To acquire a DSC, you need to get in touch with the licensed certifying authority permitted to grant the same. Before getting one, ensure that the certifying authority completes the requirements under Section 24 of the Indian IT Act of 2000.

Only after the company signatories have successfully registered their Digital signature certificates (DSC) with the LLP application can the role check be performed and completed.

Step 3: User Registration

You need to create a New User Account To submit an eForm or use any paid service on the LLP portal. Click on New User Registration & follow the process and steps when prompted.

Step 4: Incorporation of an LLP

The LLP registration online begins here when you apply for the name of the organization. Download the zip file that includes all the forms and criteria for “Reservation or Change of Name.”

Then, based on the planned LLP, file Form 2, which is required for incorporation (Articles of Incorporation and Subscriber's Statement). The sign of confirmation is an email you will receive, and the status of the application changes to “Approved.”

Step 5: Submitting the LLP Agreement

You also need to submit the LLP agreement created between all the parties involved in the business. For successful LLP registration online and working, you will get 30 days time to submit the file from the date of LLP incorporation.

Conclusion

Choosing the LLP business setup can work in your favor, especially regarding cost and compliance. As the cost and responsibilities are divided, you will feel less burden on your shoulders. This and a few other benefits make working in this model attractive. But there are some issues involved too.

Most of all, the penalties for non-compliance in an LLP are grave, and dissolution is a painstaking task. That’s why the most effective way to move forward is to get professional help from Gigzoe. Here you’ll find certified and experienced professionals who can help you with LLP registration online smoothly and also assist you with running it successfully.