Limited Liability Partnership Registration Name Check Availability in India

Are you thinking of starting a limited liability partnership firm in India? Then you must know some essential facts about it in account to the LLP registration name check. This article from @SwaritAdvisors will provide you full information about limited liability partnership Registration that can help you a lot in forming your new firm.

What is Limited Liability Partnership Registration in India?

A limited liability partnership firm is one of the best business organization structure in India that provides more benefits to the respective owners as compared with a general partnership. It offers the benefits of both a general partnership as well as a company. It is that’s why more preferred by the professional service providers and small scale business owners.

Limited liability Partnership Registration is governed under the Limited Liability Partnership Act, 2008, and all the necessary documents are submitted to the Ministry of Corporate Affairs to obtain the registration certificate in India.

What are the Minimum requirements for Limited Liability Partnership Registration in India?

1. Partners:To start an LLP firm, you require a minimum number of two designated partners. There is no limit for the maximum number of partners in LLP registration, and they can be either a body corporate or individual entity.
2. DPIN: DPIN stands for Designated Partners Identification Number. It is mandatory to be acquired by all the designated partners.
3. DSC: DSC stands for Digital Signature Certificate. All the partners must have a DSC to sign an online form.
4. One Indian resident partner: At least one designated partner should be an Indian resident.
5. Proof for Registered office: address proof for the registered office whether it is commercial or residential place needs to be submitted with the application.

What are the benefits of limited liability partnership registration in India?

LLP Registration has various benefits for its owners that are given as follow:

Limited liability:It is one of the main advantages of LLP registration. According to it, personal assets of the partners remain safe in case the company faces any loss. All the partners are immune to the results that occur due to wrongdoings of any other partner in the company.

No audit Requirement: There is no requirement of submitting an audit until the annual turnover of the company crosses the limit of Rs. 40 lakhs.

No minimum capital requirement: You do not require any minimum capital to incorporate an LLP firm in India.

Separate legal entity: An LLP firm in India follows the principle of perpetual succession and is a separate legal entity in its capacity. Death or loss of the partner does not have any impact on the formation and working of the company.

How to get your LLP name approval from the name check availability in India?

Name approval is one of the steps to obtain the certificate of incorporation for an LLP firm. MCA portal has all the facilities regarding the name check availability in India. You just have to file a name approval form to the ROC through the LLP RUN available at the portal of Ministry of Corporate Affairs. RUN basically stands for Reserve Unique Name, and you can apply up to two names for the name approval procedure. It takes about three working days to get the name approval from the registrar of the limited liability partnership firm. Get your name approval done under the guidance and supervision of Swarit Advisors.

Conclusion:

LLP registration has various benefits for its owner including limited liability, no audit, and minimum capital investment, etc. LLP firm serves as a separate legal entity and follows the principle of perpetual succession. Swarit advisors help you in limited liability partnership registration with name check availability in a very convenient way. So get your registration now by dropping a mail to @SwaritAdvisors at [email protected].