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Key things to know when registering a LLP
Kanakkupillai
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LLP

• A Limited Liability Partnership (LLP) is a hybrid
  business structure that combines the best aspects
  of a Partnership and a Company.
• The LLP Bill, 2006 was introduced in the Rajya
  Sabha on December 15, 2006 to combine the tax
  status of a partnership structure with the
  advantage of limited liability for its partners.

Source economictimes.com
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Features Of LLP

• 1.Separate Entity
• An LLP is a separate legal entity, and its
  continuity does not depend on its
  partners.2.MembershipThe following can be
  partners in an LLP Limited Liability
  Partnerships
• Foreign Limited Liability Partnerships
• Companies
• Foreign Companies
• Individuals.
• The formation and running of an LLP requires
  lesser compliances when compared to the formation
  and running of a Company.

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Incorporation of an LLP

• Step 1 Application for Digital signature
  Certificate and Designated Partner Identification
  NumberEvery individual who is intending to be
  appointed as designated partner of an LLP shall
  make an application for a Digital Signature
  Certificate (DSC).
• Once the DSC is obtained, the partners shall make
  an application in Form DIR-3 for obtaining
  Designated Partner Identification Number (DPIN)

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Step 2 Reservation of name of the LLP

• An applicant must get a name reserved for any new
  LLP to be incorporated or for any conversion of a
  firm / company into LLP.Once a name is
  approved, the applicant can apply for
  incorporation of the LLP, before expiry of the
  validity of approved name, that is, three months
  from the date of approval. Form RUN-LLP has to be
  filed with a fee of Rs. 200

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Step 3 Registration of LLP

• Once the name has been reserved, the applicant
  has to file an LLP Integrated Incorporation form
  (FiLLiP) through the MCA portal.Form FiLLiP has
  to be filed with the following fee along with the
  applicable Stamp Duty

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Step 4 Certificate of Incorporation

• Upon successful registration of the LLP, the RoC
  shall issue a Certificate of Incorporation in
  Form 16 under the seal of the Registrar. This
  certificate contains the LLP Identification
  Number (LLPIN)

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Step 5 Limited Liability Partnership Agreement

• LLP Agreement is the document that defines the
  relationship between the partners and their
  rights and duties vis-à-vis the LLP.
• An LLP agreement lays down terms and conditions
  for admission and removal of partners,
  consequences of death of a partner, sharing of
  profit and loss, dispute resolution, partners'
  duties and responsibilities, among others. If the
  agreement has been executed before incorporation,
  the partners have to ratify the agreement after
  registration and have to file Form 3 with the RoC
  within 30 days of incorporation.

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LLP Registration Consultants

• Get your LLP enrolled in 12 days in Chennai with
  Kanakkupillai. Free Expert Support Free TAN
  Enlistment Free Consulting Least in the market
  with all legal procedures done at your doorstep.
  Call us _at_7305345345 and get your registrations
  done .

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Contact Us

• CHENNAI OFFICE
• No 13/22 2nd floor,Yatra, TNGO Colony, West
  Karikalan street, Adambakkam, Chennai 88
• Phone [phone]
• Email support_at_kanakkupillai.com
• https//www.kanakkupillai.com/

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