A complete guide to LLP Registration in Mumbai

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.

LLP registration process   

• Obtain Digital Signature
• LLP Name Application through RUN-LLP
• Incorporation of LLP- Form FiLLiP- (Includes DIN Application)
• PAN and TAN Application
• File LLP 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 Mumbai?

The basic documents required for LLP registration in Mumbai 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 Mumbai?

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

Mumbai generates around 6.16% of the total GDPT. All you need to have is a list of business ideas that can work well in cities like Mumbai and look for the best option for yourself. We at Ebizfiling assure the most satisfactory services in the city.

If you need any assistance for registering your LLP in Mumbai, feel free to contact us for a free consultation. Experts at EbizFiling shall be pleased to be at your service. call 9643203209.