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Limited Liability Partnership (LLP) Meaning
LLP means a partnership formed and registered under the Limited Liability Partnership Act, 2008. LLP is an alternate corporate business entity that has the advantages of indebtedness of an organization but allows its members the flexibility of organizing their internal management supported by a mutually arrived agreement just like a partnership.
Minimum Requirements
A minimum of two individuals are required as Designated Partners. One of the Designated Partners necessarily should be resident in India.

The Registration Process of LLP:
Step 1: Procurement of DSC:
Before commencing the process of registration, you must apply for the digital signature of the designated partners of the proposed LLP. All the documents/ forms for LLP are filed online and are required to be digitally signed by the designated partners.
Step 2: Reserve LLP Name
LLP-RUN (Limited Liability Partnership-Reserve Unique Name) is filed for the reservation of the name of the proposed LLP. The registrar will approve the name only if the name is not objectionable in the opinion of the Central Government and does not bear a resemblance to any existing name of partnership firm or an LLP or a company or a trademark.
Step 3: DIN and Incorporation Application
You have to apply for the DIN of all the designated partners or those intending to be designated partners of the proposed LLP. The application for obtaining DPIN/ DIN has to be made in Form DIR-3. The scanned copy of documents (usually Aadhaar and PAN) have to be attached to the form.
The form FiLLiP (Form for incorporation of Limited Liability Partnership) is used for incorporation. This form shall be filed with the Registrar who has jurisdiction over the state in which the registered office of the LLP is situated.
Step 4: Drafting and Filing LLP Agreement
The mutual rights and duties amongst the partners and also between the LLP and its partners are governed by the LLP agreement.
- LLP agreement must be filed in form 3 on MCA Portal online.
- Form 3 for the LLP agreement has to be filed within 30 days of the date of incorporation.
- The LLP Agreement should be printed on Stamp Paper.
- The value of Stamp Paper varies for every state.
Documents Required

Aadhaar Card

Pan Card

Voter ID

Bank Statement

Electricity Bill

NOC

Passport Size Photo

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