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Limited Liability Partnership Company Registration in Hyderabad

A Limited Liability Partnership in Hyderabad (LLP) is a type of business structure that combines the benefits of a partnership and a company. In an LLP, the partners have limited liability for the debts and obligations of the business. This means that the personal assets of the partners are protected in case the business faces financial difficulties.It is important to note that LLPs are governed by the Limited Liability Partnership Act, 2008, and the rules and regulations set out by the Ministry of Corporate Affairs. LLPs in Hyderabad are also subject to the various tax and regulatory requirements, such as filing of annual returns and maintaining proper accounting records.LLP in Hyderabadis a straightforward process, provided the partners follow the necessary steps and comply with the legal and regulatory requirements. An LLP can be a suitable business structure for small and medium-sized enterprises, as it offers the benefits of limited liability and flexibility in management and taxation.

Benefits of LLP Registration in Hyderabad:

Limited Liability: One of the significant advantages of LLP registration services in Hyderabad is that the partners have limited liability, which means they are not personally liable for the LLP’s debts and losses beyond their capital contribution.

 

Separate Legal Entity: LLP is a separate legal entity distinct from its partners. It can own property, enter into contracts, sue or be sued in its name, and carry out business activities independently.

 

No Minimum Capital Requirement: LLP registration does not require any minimum capital investment, which makes it an ideal choice for small and medium-sized businesses.

 

Easy to Set Up and Manage: LLP registration is a simple and straightforward process compared to company registration. The compliance requirements are also minimal, which makes it easier to manage.

Process of LLP Registration in Hyderabad:

STEP 1
Obtain a Digital Signature Certificate (DSC)

The first step in registering an LLP in Bangalore is to obtain a Digital Signature Certificate (DSC). A DSC is a secure digital key that is used to sign electronic documents. It ensures that the information exchanged online is secure and cannot be tampered with. To obtain a DSC, you need to submit the required documents to a Certifying Authority (CA) registered with the Controller of Certifying Authorities (CCA).

STEP 2
Obtain a Designated Partner Identification Number (DPIN)

After obtaining a DSC, the next step is to obtain a Designated Partner Identification Number (DPIN) for all the designated partners of the LLP. A DPIN is a unique identification number that is allotted to the designated partners by the Ministry of Corporate Affairs (MCA). To obtain a DPIN, you need to submit the required documents to the MCA.

STEP 3
Name Reservation

The next step is to reserve a unique name for your LLP. The name should not be similar to any other registered LLP or company. To check the availability of the name, you can use the MCA's online name reservation portal. Once the name is approved, it will be reserved for 20 days.

STEP 4
Drafting of LLP Agreement

The LLP Agreement is a legal document that defines the rights and duties of the partners, the profit-sharing ratio, and other important aspects of the LLP. It must be drafted and signed by all the partners of the LLP. The agreement can be drafted either online or offline by a professional, such as a lawyer or a chartered accountant.

STEP 5
Filing of Incorporation Documents

After drafting the LLP Agreement, the next step is to file the incorporation documents with the Registrar of Companies (RoC). The following documents need to be filed: This form contains the basic information about the LLP, such as the name, registered office address, and business activities. This form contains the details of the partners, such as their name, address, and DPIN. LLP Agreement: This document contains the terms and conditions agreed upon by the partners of the LLP. Subscription Sheet: This document contains the signatures of all the partners, agreeing to become partners in the LLP.

STEP 6
Payment of Fees and Stamp Duty

After filing the documents, the next step is to pay the requisite fees and stamp duty. The fees vary depending on the amount of capital contribution and the state in which the LLP is registered. In Hyderbad the stamp duty for LLP registration is 1% of the total contribution, subject to a maximum of Rs. 1 lakh.

Benefits

How to Register?

Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Vakilsearch as our professionals can help you with every step of the private limited company registration process.

Step 1: Obtain DSC
Step 2: Apply for the DIN
Step 3: Application for the name availability
Step 4: Submission of MoA and AoA to register a private limited company
Step 5: Apply for the PAN and TAN of the company
Step 6: RoC issues a certificate of incorporation with a PAN and TAN

Documents Required for LLP Registration in Hyderabad:

To register an LLP in Hyderabad, the following documents must be submitted:

 

Identity proof: The partners of the LLP must provide their PAN card, passport, or voter ID card as identity proof.

 

Address proof: The partners must provide their Aadhaar card, driving license, or passport as address proof.

 

Photographs: The partners must provide their recent passport-sized photographs.

 

Partnership Agreement: A Partnership Agreement is a legal document that outlines the rights, duties, and responsibilities of the partners. It must be drafted and signed by all the partners.

 

Address proof of the registered office: The LLP must provide a valid address proof of its registered office in Bangalore, such as a rental agreement or property tax receipt.

 

NOC from the owner: If the registered office is a rented property, a No Objection Certificate (NOC) from the owner is required.

 

DIN and DSC of designated partners: The designated partners must provide their DIN and DSC.

How much is the cost of  LLP Registration in Hyderabad?

The cost of LLP registration in Hyderabad may vary depending on several factors such as the professional fees of the service provider, the number of partners, the amount of authorized capital, the location of the registered office, and other additional services available.

How to get  LLP Registration in Hyderabad?

It’s important to note that the process of registering a LLP Consultant in Hyderabad can be complex and time-consuming. It’s advisable to seek the help of a professional service provider. We can guide you through the entire process and ensure compliance with all the legal requirements.Contact our experts by visiting or sending an email with your requirements.

 

Why Bizivalue ?

Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.

Shields from personal liability and protects from other risks and losses.
Attracts more customers
Procures bank credits and good investment from reliable investors with ease.
Offers liability protection to protect your company’s assets
Greater capital contribution and greater stability
Increases the potential to grow big and expand
You will also get Zero Balance Current Account

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Frequently Asked Questions

The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.

If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.

No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.

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