In India, entrepreneurs increasingly favor the Limited Liability Partnership (LLP) structure. An LLP combines elements of both a corporation and a traditional partnership. As indicated by its name, a Limited Liability Partnership is formed by a minimum of two partners who enter into an LLP agreement. One of the key features of an LLP is that partners enjoy limited liability, and the firm has perpetual succession.

Introduced in 2008, the Limited Liability Partnership (LLP) Act governs the operations of LLPs in India. To establish an LLP, at least two partners are necessary, with no cap on the maximum number of partners allowed.

Each LLP must designate at least two partners, with one being a resident of India. The responsibilities and rights of these designated partners are outlined in the LLP agreement, and they are directly accountable for adhering to the LLP Act, 2008, as well as the provisions of their agreement.

Required Documents for LLP Registration

1. Partner Documents:
All partners must provide their PAN cards during the registration process to verify their identities. The PAN card serves as a primary identification document.

2. Proof of Residence:
Partners need to confirm their residence by submitting an ID card, passport, driving license, Aadhaar card, or a utility bill dated within the last two months. The name and details on these documents should match those on the PAN card.

3. Photographs:
Each partner must also submit a passport-sized photograph with a white background.

4. Documents for Foreign Nationals/NRIs:
Foreign partners and NRIs are required to submit their passports, which must be notarized or apostilled by the appropriate authorities in their country. They may also include a driving license, bank statement, residence card, or any government-issued identity proof. If these documents are not in English, a notarized translation must be provided.

5. Proof of Registered Office:
A document verifying the registered office is necessary during registration or within 30 days of incorporation. If the office space is rented, a rental agreement and a No Objection Certificate (NOC) from the landlord must be submitted. The NOC signifies the landlord’s consent for the LLP to utilize the premises. Additionally, a utility bill (electricity, gas, or telephone) should be included, displaying the full address and owner’s name, dated no more than two months ago.

6. Electronic Signature Certificate:
One designated partner must obtain a digital signature certificate, as all applications and documents will require digital signing.