Have you heard about Limited Liability Partnership? Do you know what are the benefits you can get from it? And do you have any idea what are the proper steps in order to obtain this company registration in Delhi? If you are one of those people who are curious about LLP, then this article will help you understand what is Limited Liability Partnership, what are the benefits that comes along with it, and the steps how to register for a LLP.
Limited Liability Partnership or also called as LLP is a fused business association that has components of a partnership firm and limited company that is one of the most common business development for the new companies in Delhi. The Limited Liability Partnership’s administration is characterized by LLP assention. The accomplices of the LLP has the freedom and opportunity to control LLP’s illicit relationships.
When you register for a Limited Liability Partnership, there are benefits that you will get from it. Some of these benefits are the following: straightforward registration procedure, restricted liability to accomplices, no necessity of review of records until turnover achieves specific number of lakhs, it has less tax when compared to other organizations, it has no requirement when it comes to minimum contribution of capital, and there is no limitations of the number of accomplices of your LLP.
If you want to start your company registration in Delhi with Limited Liability Partnership, then here are the proper steps to start your registration process:
Step 1: Minimum of two people is required to register for LLP
When you file for an LLP in India, the minimum requirement for it is to have at least two people involved in the partnership. Also, the two partners must be a resident of India. No need to worry about the minimum amount of capital for it is not a major requirement when you register for an LLP in Delhi.
Step 2: Make a formal application for DPIN in Delhi
Start applying for a designated partner identification number or DPIN for it is obliged when applying partnership in the LLP Firm. The two people who are partners must apply their DPIN through the ROC Delhi.
Step 3: Apply for DSC or Digital Signature Certification
The next step after you apply for your DPIN, apply for a DSC. Accomplices need to apply for the digital signature certification for it is a requirement to append the filings structures. Also, it is important when filings ROC Return in the future.
Step 4: Apply for a business name
After applying for a DPIN and DSC, you can now apply for a business name. Thinking and choosing a business name is very critical for the association’s image. Make sure to select a business name that mirrors your business plan. Also, guarantee that the business name you have chosen fulfills the LLP Name Guidelines and document an online application for your company registration in Delhi.
Step 5: Record your LLP Registration Documents
After applying for a business name, you can now record your LLP registration documents. The Registrar of LLP will enroll the LLP, and they will issue a certificate of registration after an investigation of records documented.
Step 6: Recording of LLP Agreement and the Consent of Designated Partners
Within thirty days from the incorporation of Limited Liability Partnership’s date, the accomplices of LLP need to do the assention and same must be recorded with the Registrar of LLP in the Form3 and the consent to go about as Designated Partner must be documented in Form4 in order for you to process the company registration in Delhi.
When you are done with all the steps, then you already now registered a Limited Liability Partnership. When it comes to company registration in Delhi, it is not hard to do it. All you need to do is understand the process and follow simple steps so you will be able to achieve it.