Incorporating a Limited Liability Partnership (LLP) in India requires careful planning and preparation. Here's a comprehensive LLP incorporation checklist to guide you through the process.
Choose the Name of Your LLP Check the availability of the name on the MCA portal and ensure it complies with the LLP Act, 2008. Obtain a No Objection Certificate (NOC) from any existing company or LLP with the same or similar name.
Obtain Digital Signature Certificates (DSC) Obtain Class II DSC for designated partners who will sign the e-forms. Apply for DSC through Certifying Authorities registered with the Controller of Certifying Authorities.
Obtain Director Identification Number (DIN) Apply for DIN for designated partners through Form DIR-3 on the MCA portal. Attach ID and address proof of the designated partners and pay the applicable fee.
Draft LLP Agreement Draft the LLP Agreement which outlines the mutual rights and duties of the partners and the LLP. Ensure the agreement complies with the LLP Act, 2008, and the Rules made thereunder.
File Incorporation Documents File Form FiLLiP (Form for incorporation of LLP) on the MCA portal. Attach the necessary documents such as the LLP Agreement, proof of registered office address, and the NOC.
Obtain Certificate of Incorporation After verifying the incorporation documents, the Registrar of Companies will issue a Certificate of Incorporation.
Apply for PAN and TAN Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP.
Submit the necessary documents to the Income Tax Department and pay the applicable fees. In conclusion, incorporating an LLP requires careful planning and preparation. By following this llp incorporation checklist, you can ensure a smooth and hassle-free process. Remember to comply with all the rules and regulations to avoid any legal issues in the future.