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LLP Company Registration in Mumbai Today

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Overview


Mumbai, known as the "City of Dreams," is not only the capital of Maharashtra but also the financial epicenter of India. With its bustling trade and business environment, Mumbai is an ideal location to start a business. Among the various business structures available, Limited Liability Partnership (LLP) Registration in Mumbai stands out as a great choice. An LLP is a unique blend that combines the advantages of a company with the flexibility of a partnership. LLPs are governed by the Limited Liability Partnership Act of 2008, which provides a robust framework for their operation.

Why Choose LLP Company Registration in Mumbai?


Opting for LLP Company Registration offers numerous benefits:

  1. Independent Legal Body: An LLP has a separate legal identity, meaning the partners are not personally liable for the LLP’s actions. This separation ensures that the liability of each partner is limited to their contribution.
  2. Minimal Compliance Requirements: LLPs have fewer compliance obligations compared to other business structures, making compliance cost-effective and manageable.
  3. No Minimum Capital Requirement: Unlike other business forms, LLPs do not require a minimum capital contribution. Partners can contribute capital or skills, providing flexibility in how the business is structured.

Basic Requirements for LLP Registration in Mumbai


To register an LLP in Mumbai, you must meet the following criteria:

  1. Minimum of Two Partners: Every LLP requires at least two partners for incorporation.
  2. Resident Partner: At least one partner must be an Indian citizen residing in India.
  3. Contribution: Although there is no minimum capital requirement, each partner must contribute something to the LLP, whether monetary or non-monetary.
  4. DIN/DPIN: Partners must apply for a Director Identification Number (DIN) or Designated Partnership Identification Number (DPIN).

Important Documents for LLP Registration


The following documents are essential for LLP registration:

Procedure for LLP Registration Online with LegalRaasta

LegalRaasta provides a streamlined online process for LLP registration.

1. Apply for DIN or DPIN:

At least two partners need to apply for DIN or DPIN as a minimum of two directors are required for LLP registration.

2. Obtain DSC:

At least two partners must apply for a Digital Signature Certificate (DSC).

3. Name Reservation:

Use the RUN service on the Ministry of Corporate Affairs (MCA) website to reserve the LLP name.

4. Incorporation Application:

Submit the LLP incorporation application via the e-form FiLLiP on the MCA website, providing details of partners and the registered office.

5. LLP Agreement:

Draft and submit the LLP agreement within 30 days of incorporation.

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Various LLP Registration Packages in Mumbai


LegalRaasta offers various packages to cater to different business needs:

1. Basic Package:

  • Includes government fees
  • 2 Class III Digital Signatures (DSC)
  • Name application under RUN LLP
  • Certificate of Incorporation
  • PAN and TAN numbers
  • LLP Identification Number
  • 2 Director Identification Numbers (DIN)
  • LLP Deed Drafting

2. Standard Package:

  • All features of the Basic Package
  • Application for additional name under RUN LLP
  • GST Registration Application
  • MSME Registration
  • Bank Account Opening Resolution Draft
  • Employment contract, NDA, and appointment letter drafts
  • Website and Disclaimer Policies

3. Premium Package:

  • All features of the Standard Package
  • Additional expenses and government fees
  • Accounting services for up to 250 entries per fiscal year
  • Annual compliance filing with MCA for one year
  • The initial year's ITR submission
  • GST returns (up to 100 invoices per month) for 12 months
  • For two DIN holders, DIR-3 KYC

Compliance Requirements After LLP Registration


Once your LLP is registered, the following compliance requirements must be fulfilled:

  1. File the Partnership Agreement: Submit the LLP agreement to the MCA.
  2. Apply for PAN and TAN: Obtain PAN and TAN numbers for your LLP.
  3. Open a Bank Account: Set up a bank account in the name of your LLP.

Annual Compliance for LLPs


Despite having fewer compliance requirements, LLPs must adhere to the following annual obligations:

  1. Form 8: File the Statement of Account and Solvency.
  2. Form 11: Submit the annual returns.
  3. ITR Form 5: File the Income Tax Returns.

Frequently Asked Questions


- Yes, you can register your LLP yourself, but using a professional service like LegalRaasta simplifies the process and ensures compliance with all legal requirements.

- Any two or more individuals can register an LLP in Mumbai, provided one is an Indian resident.

- GST registration is required for LLPs if their turnover exceeds the prescribed limit or if they are engaged in interstate supply of goods or services.

- Yes, LLPs must file Income Tax Returns annually using ITR Form 5.

Get Your LLP Registration in Mumbai Now!!


Starting an LLP in Mumbai with LegalRaasta is a seamless and efficient process. Our comprehensive services ensure that your LLP Company Registration is handled professionally, allowing you to focus on growing your business. Whether you need basic registration or comprehensive compliance support, LegalRaasta offers tailored packages to meet your needs. Contact us today to get started with your LLP registration in Mumbai.

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