Are you confused about which company type suits your business plan the most? Here’s a complete guide to LLP and its registration. A Limited Liability Partnership (LLP) is a partnership in which partners have limited liability. It can exhibit characteristics of both partnerships and companies. In an LLP, an individual partner is not responsible or liable for any other partner’s misconduct or negligence. LLP was introduced in India in the Limited Liability Partnership Act, 2008. In this article information on LLP registration in Indore is mentioned. 

LLP registration process:    

• Get a digital signature (DSC)
• Apply for Director Identification Number (DIN)
• Get the name of the company approved through ‘Reserve your Unique Name’ service (RUN)
• Incorporation of LLP
• File ‘Limited Liability Partnership Agreement

What are the advantages of registering a business as an LLP?

• An LLP is easier to start and manage and the process has fewer formalities
• It has a lesser cost of registration as compared to a Company
• LLP is like a corporate body having its existence other than its partners.
• LLP can be started with any amount of minimum capital

What are the documents required for LLP registration in Indore?

The basic documents required for LLP registration in Indore are:

• Photograph of all the Partners
• PAN Card of all the Partners
• ID Proof of all the Partners (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill for the address proof of the Registered Office

What is the average time taken for LLP Registration in Indore?

The average time taken to complete the LLP registration is about 15 – 20 working days, subject to government approvals.

Indore is a city with a population of more than 4.8 million. A majority of the 500+ startups in Madhya Pradesh are in Indore and Bhopal. From a traditional business city, high on food and Maheshwari sarees, to  a vibrant ecosystem of technology and tech-enabled startups, Indore has truly arrived.. We at Ebizfiling assure the most satisfactory services in the city.