{"id":53512,"date":"2023-03-17T14:49:44","date_gmt":"2023-03-17T09:19:44","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=53512"},"modified":"2023-03-17T14:49:46","modified_gmt":"2023-03-17T09:19:46","slug":"how-much-does-it-cost-to-register-an-llp-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-much-does-it-cost-to-register-an-llp-in-india\/","title":{"rendered":"How Much Does It Cost To Register An LLP In India?"},"content":{"rendered":"\n<p>A Limited Liability Partnership is\nthe phrase&#8217;s complete form (LLP). A limited liability partnership (LLP) is a\nkind of hybrid business form that combines elements of conventional\npartnerships with those of corporations. Certain aspects of an LLP are\ncomparable to those of a company, while others are comparable to those of a\npartnership. The ease with which one may establish and run a limited liability\npartnership (LLP) is a major factor in the rising popularity of LLPs. It is a\nwonderful tool for safeguarding property owners from legal action, and it is\navailable at a reasonable cost. The primary advantage that a Limited Liability\nPartnership has over a traditional Partnership Business is that its members are\nnot personally responsible for the debts and liabilities of the company. This\nis not the case with a traditional Partnership Business. This is the primary\nadvantage that a Limited Liability Partnership has over a traditional Partnership\nBusiness. In this blog we will discuss how much does it cost to register an LLP\nin India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/how-much-does-it-cost-to-register-an-llp-in-india\/#Advantages_of_a_Limited_Liability_Partnership\" >Advantages of\na Limited Liability Partnership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/how-much-does-it-cost-to-register-an-llp-in-india\/#Procedure_to_Register_an_LLP_in_India\" >Procedure to\nRegister an LLP in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/how-much-does-it-cost-to-register-an-llp-in-india\/#Cost_to_Register_an_LLP_in_India\" >Cost to Register an LLP in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/how-much-does-it-cost-to-register-an-llp-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages_of_a_Limited_Liability_Partnership\"><\/span>Advantages of\na Limited Liability Partnership<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before we discuss the cost to\nregister an LLP in India, let\u2019s discuss the advantages &amp; procedure to\nregister an LLP in India. A Corporation and the adaptability of a Partnership\nBusiness are combined in an LLP organization. As neither partner is responsible\nfor the dishonest behavior of another Partners, individual partners are\nprotected from the joint liability that arises as a consequence of another\npartner&#8217;s transgressions since there is no joint liability. LLPs are often used\nby privately held professional practices, in addition to micro and small\ncorporations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_Register_an_LLP_in_India\"><\/span>Procedure to\nRegister an LLP in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The process to register an LLP has\nbeen streamlined and made more transparent as a result of the implementation of\nthe Limited Liability Partnership (Second Amendment) Regulations, 2022 by the\nMinistry of Corporate Affairs <strong>(MCA)<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html\"><strong>[1]<\/strong><\/a><\/sup>.<\/p>\n\n\n\n<p>A Limited Liability Partnership\n(LLP) may now have a maximum of five Designated Partners, up from the previous\nlimit of two (without DPIN). According to the LLP (2nd Amendment) Regulations,\n2022, limited liability partnerships (LLPs) are required to have their PAN and\nTAN numbers issued at the same time as their certificates of incorporation. It\nis possible for you to avoid the hassle of applying for both a PAN and a TAN in\nthis way. The time it takes to form a limited liability partnership (LLP) is\nsignificantly reduced by the availability of online filing options. It may be\npossible to reduce the amount of time and effort required to establish an LLP\ntraditionally by completing the registration process online instead.<\/p>\n\n\n\n<p><strong>The Process Of Registering A Limited\nLiability Partnership (LLP) Consists Of The Following Steps:<\/strong><\/p>\n\n\n\n<ul><li>Your Personal Digital Signature<\/li><li>When you want to register a new LLP name, use the RUN-LLP\nform.<\/li><li>Form of Organization for Limited Liability Partnership\n(Includes DIN Application and PAN and TAN Application)<\/li><\/ul>\n\n\n\n<p><strong>The LLP (Second Amendment) Regulation,\n2022 Has A Number Of Other Similarly Significant Revisions, Including The\nFollowing:<\/strong><\/p>\n\n\n\n<ul><li>At the time of incorporation, there can be 5 Designated Partners instead of only 2. (Without DIN).<\/li><li>LLP paperwork may now be completed in its whole and fully online. <\/li><li>Upon the granting of the LLP&#8217;s Certificate of Incorporation, the issuing of a PAN as well as a TAN will take place.<\/li><li>To sign the Statement of Account and Solvency on behalf of the LLP, an expert in interim resolution has been designated.<\/li><li>It is imperative that Form 9 be made accessible over the internet so that partners may provide their consent.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cost_to_Register_an_LLP_in_India\"><\/span>Cost to Register an LLP in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The following steps need to be\nperformed in order to register an LLP or to convert an existing business,\nprivate corporation, or unlisted public company into a Limited Liability\nPartnership:<\/p>\n\n\n\n<table class=\"wp-block-table table table-bordered\"><tbody><tr><td>\n  a\n  <\/td><td>\n  A Limited Liability Partnership that may accept a maximum\n  contribution of Rs. 1,00,000\n  <\/td><td>\n  INR 500\n  <\/td><\/tr><tr><td>\n  b\n  <\/td><td>\n  Limited Liability Partnerships that have contributions\n  ranging from one lakh rupees to five lakh rupees\n  <\/td><td>\n  INR 2000\n  <\/td><\/tr><tr><td>\n  c\n  <\/td><td>\n  A Limited Liability Partnership with a contribution that\n  falls in between 5 and 10 lakhs of rupees.\n  <\/td><td>\n  INR 4000\n  <\/td><\/tr><tr><td>\n  d\n  <\/td><td>\n  Limited Liability Partnerships (LLPs) whose contributions\n  is more than Rs. 10 lakh rupees.\n  &nbsp;\n  <\/td><td>\n  INR 5000\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>In accordance with the Act or by\nthese regulations, the following information must be included in any and all\ndocuments, forms, statements, notices, the Statement of Accounts and Solvency,\nannual returns, and applications for the conversion of a business, private\ncompany, or unlisted public company into a Limited Liability Partnership (LLP):<\/p>\n\n\n\n<table class=\"wp-block-table table table-bordered\"><tbody><tr><td>\n  a\n  <\/td><td>\n  Excluded from consideration is any Limited Liability\n  Partnership with a total capital contribution of less than one lakh rupees\n  <\/td><td>\n  INR 50\n  <\/td><\/tr><tr><td>\n  b\n  <\/td><td>\n  Limited Liability Partnerships with contributions\n  comprising more than one lakh rupees but less than five lakh rupees\n  &nbsp;\n  <\/td><td>\n  INR 100\n  <\/td><\/tr><tr><td>\n  c\n  <\/td><td>\n  A Limited Liability Partnership with a contribution that\n  falls in between 5 and 10 lakhs of rupees.\n  <\/td><td>\n  INR 150\n  <\/td><\/tr><tr><td>\n  d\n  <\/td><td>\n  Limited Liability Partnerships with a contribution of more\n  than 10 lakh rupees\n  <\/td><td>\n  INR 200\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>The following fees are applicable,\nwith the exception of those associated with applications to convert pre-existing\nfirms, private corporations, or unlisted public companies into LLPs:<\/p>\n\n\n\n<ol><li>A two-hundred-rupee application fee\nis required in order to reserve a name in accordance with Section 16(a).<\/li><li>Ten thousand rupees for an\napplication to change one&#8217;s name in accordance with Section 18<\/li><li>The costs for submitting a Name\nReservation Application are Rs. 10,000 per Rule 18(3).<\/li><li>A charge of Rs 5,000 must be paid in\norder to re-register the company name in accordance with Regulation 18. (3).<\/li><li>The application to get a DPIN, which\nis required by Rule 10(5), has a charge of one hundred rupees attached to it.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p> LLP, limited liability partnership, is a modern form of partnership with many more benefits as compared to a partnership firm under the partnership Act. <strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/llp-registration\">LLP registration<\/a><\/strong> has been made easier by the Indian government by providing all kind of necessary information on the portal along with the prescribed fees and charges. Some of the important information related to the cost of registration of not to register an LLP but also related to the conversion of various types of firms into LLP. The costs are fixed at a very minimal and affordable rate so that no person who aspires to incorporate an LLP does not get forbidden to do so just due to high incorporation efforts and costs.<\/p>\n\n\n\n<p><strong>Also Read<\/strong>: <br><a href=\"https:\/\/corpbiz.io\/learning\/apply-for-llp-registration-in-india\/\">How To Apply For LLP Registration In India\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Limited Liability Partnership is the phrase&#8217;s complete form (LLP). A limited liability partnership (LLP) is a kind of hybrid business form that combines elements of conventional partnerships with those of corporations. Certain aspects of an LLP are comparable to those of a company, while others are comparable to those of a partnership. The ease [&hellip;]<\/p>\n","protected":false},"author":51,"featured_media":53513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[155],"tags":[3249],"acf":{"service_id":"3"},"authorName":"Aditee Arya","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-51-1.jpg","authorDescription":"Aditee is a legal researcher and writer. She has completed her graduation in BBALLB from IP University, New Delhi. She has a keen interest in insolvency and bankruptcy law and the companies Act. She likes to watch a lot of movies and series in her free time and hang around with her friends and travel across.","postViews":3744,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53512"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=53512"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53512\/revisions"}],"predecessor-version":[{"id":53515,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53512\/revisions\/53515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/53513"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=53512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=53512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=53512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}