LLP Registration in Mumbai - Process, Documents, Fees

Updated on July 06, 2024 11:51:36 PM

Limited Liability Partnership (LLP) is an upgraded form of Partnership, which has limited liability features of a Private Limited Company and the flexibility of a Partnership firm.

The maintenance cost of an LLP and simplicity in formation is one of the prime reasons it has become a preferred choice for company incorporation in India. Read to know about the process, documents required, and fees of LLP registration in Mumbai.

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What is LLP Registration?

LLP is a form of a partnership registered under the Limited Liability Partnership Act, 2008, where liabilities of all the partners are limited to the extent of contribution bought by them. It helps owners limit their liabilities while enjoying the advantages of a limited company which is an edge over a traditional partnership firm.

No partner is liable for unauthorized actions of other partners; thus, individual partners can safeguard them from joint liability arising from the misconduct of other partners. Professionals, micro and small businesses mostly prefer LLP as an organization.

Minimum two partners are required to incorporate an LLP. However, there is no upper limit on the maximum number of partners of an LLP. There should be a minimum of two designated partners who shall be individuals, and at least one of them should be residents in India.

The LLP agreement governs the rights and duties of designated partners. They are directly responsible for complying with all the provisions of the LLP Act, 2008 and provisions specified in the LLP agreement.

LLP registration in India
LLP registration in Delhi LLP registration in Mumbai LLP registration in Ahmedabad
LLP registration in Chennai LLP registration in Bangalore LLP registration in Gujrat
LLP registration in Kerala LLP registration in Pune LLP registration in Uttar Pradesh
LLP registration in Coimbatore LLP registration in Hyderabad LLP registration in Kolkata
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Checklist for LLP Registration in Mumbai

  1. Minimum two partners
  2. At least one partner should be a resident of India
  3. Each partner has to contribute towards the capital of LLP
  4. Address proof of business
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LLP Registration Process in Mumbai

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The procedure of LLP registration in Mumbai is as follows:

  1. Reserve your LLP Name
  2. Reserve your LLP Name
  3. Obtain Digital Signature Certificate
  4. Application for LLP Registration
  5. Issuance of LLP Incorporation Certificate
  6. Drafting and Filing of LLP Agreement
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Documents Required for LLP Registration in Mumbai

  1. Copy of Aadhar Card
  2. Copy of PAN Card of all partners
  3. Copy of Driving License or Voter ID
  4. Passport size photograph of all partners
  5. Bank Statement (not older than 2 months)
  6. Electricity or any other utility bill for office address proof
  7. No Objection Certificate from the owner of the property (if rented)
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LLP Registration Fees in Mumbai

The total cost of LLP incorporation, including government and professional fees, is ₹8,499 Only. The LLP formation process takes around 10 working days subject to document verification by the Ministry of Corporate Affairs (MCA).

# Item Cost
1 Digital Signature Certificate of 2 Partners ₹3,000
2 Govt Fee ₹1,500
3 Professional Fee ₹3,999
Total Cost ₹8,499 Only
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Documents you’ll get after LLP Registration in Mumbai

  1. Certificate of Incorporation
  2. Digital Signature Certificate (DSC)
  3. Designated Partner Identification Number (DPIN)
  4. LLP PAN
  5. LLP TAN
  6. Company Master Data
  7. LLP Agreement
  8. Company Name Approval
  9. Bank Account Opening Assistance

Note: The aforementioned Fees is exclusive of GST.

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