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LLP Registration in Pimpri-Chinchwad

LLP or Limited Liability Partnership Registration in Pimpri-Chinchwad is an alternative corporate business form that gives the benefits of limited liability as present in a company and the flexibility of a partnership business. LLP offers advantages of both worlds simplicity in management akin to partnership firms and scope of expansion like that of a company.

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New Form of Business Since 2009: LLP Registration in Pimpri-Chinchwad — Minimum 2 partners required, no maximum limit. Less compliance than Private Limited Company.
Limited Liability Partnership Registration in Pimpri-Chinchwad

LLP or Limited Liability Partnership Registration in Pimpri-Chinchwad is an alternative corporate business form that gives the benefits of limited liability as present in a company and the flexibility of a partnership business. In other words, Limited Liability Partnership Registration in Pimpri-Chinchwad offers advantages of both worlds by bringing simplicity in management akin to partnership firms and scope of expansion like that of a company.

The compliance requirements are relatively less, and only a few returns have to be filed. For small LLP the audit is not required. An LLP is a new form of business introduced in the year 2009. For Registration of LLP in Pimpri-Chinchwad, minimum two people are needed — there is no limit on any maximum number of its partners.

Minimum PartnersMinimum 2 partners required. No maximum limit on number of partners.
ComplianceLess compliance requirements compared to a Private Limited Company. Only a few returns have to be filed.
Audit RequirementAudit not required for LLPs with turnover less than 40 Lakhs and capital contribution less than 25 Lakh.
IntroducedLLP is a new form of business introduced in India in the year 2009 under the LLP Act.
What You Get After LLP Registration in Pimpri-Chinchwad
  • Unique Designated Partnership Identification Number (DPIN)
  • Digital Signature Certificates (DSC)
  • Name Approval
  • LLP Registration Certificate
  • Rubber Stamp of the LLP
  • PAN Card of the LLP
  • Proper Incorporation File
  • GST Registration Certificate
Advantages of LLP
Separate Legal Entity
A LLP is a legal entity and a juristic person established under the Act. The partners are distinct from the entity and both can sue each other and get sued in the process.
Uninterrupted Existence
A LLP has 'perpetual succession' — continued existence until it is dissolved by mutual agreement within the partners. Partners may come and go, but an LLP goes on.
Audit Not Required
Entrepreneurs with turnover less than 40 Lakhs Professional accounting services help maintain LLP books and capital contribution less than 25 Lakh need not get their accounts audited. Ideal for startups and small businesses wanting minimal compliance.
Owning Property
An LLP being a juristic person can acquire, own and enjoy property in its own name. No partner can make any claim upon the property of the LLP so long as the LLP is a going concern.
Limited Liability
The biggest advantage — partners are legally responsible only to a limited amount for debts. Unlike proprietorships, personal assets of the directors are safe if the LLP goes bankrupt.
Easy Transferability
Ownership of a LLP can be easily transferred to another person by inducting them as a Designated Partner. By changing Managing Partners, the ownership of the LLP changes seamlessly.
Documents Required For LLP Registration
Partners Identity
  • Copy of PAN Card of partners
  • Passport size photograph of partners
  • Copy of Aadhaar Card / Voter identity card
Office Proof
  • Electricity / Water bill (Business Place)
  • Copy of Rent agreement (If rented property)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)
Important Note
  • All documents should be self-attested
  • LLP Agreement draft will be provided by GetMyCA
  • Nominee details required for each partner
LLP Registration in Pimpri-Chinchwad: LLP Essentials
1
Digital Signature & DPIN
Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) is obtained for the proposed Partners of the LLP. DPIN and DSC can be obtained for the proposed Partners within 5 to 7 days.
2
Name Approval
A minimum of one and a maximum of six name choices must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained in 5 to 7 working days.
3
LLP Registration in Pimpri-Chinchwad
Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation of LLP in 10 to 12 days, subject to their processing time.
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Frequently Asked Questions
What is the minimum requirement for LLP registration?+
Minimum two people are required for LLP registration. There is no maximum limit on the number of partners. At least two Designated Partners must be appointed, and at least one of them must be a resident of India.
Is audit compulsory for LLP?+
No. Entrepreneurs with a turnover of less than 40 Lakhs and capital contribution less than 25 Lakh need not get their accounts audited. This makes LLP ideal for startups and small businesses that want minimal regulatory compliance.
What is the advantage of LLP over Private Limited Company?+
The biggest advantage of LLP over a Pvt Ltd Company is that there is less compliance requirement. LLP has lower costs, no mandatory audit for small LLPs, no minimum capital requirement, and the partners' personal assets are protected. It is also easier to transfer ownership.
How long does LLP registration take?+
DPIN and DSC can be obtained within 5 to 7 days. Name approval takes another 5 to 7 working days. After name approval, incorporation documents are submitted to the MCA and approval is usually given within 10 to 12 days, subject to MCA processing time.