LLP Registration in Hyderabad

LLP Registration in Hyderabad

Hyderabad is a growing commercial and IT hub in India. Every year, it attracts thousands of entrepreneurs and professionals due to the abundant opportunities available to businesses of all sizes. LLP is the preferred business choice for Chartered Accountants (CAs), Company Secretaries (CS), Advocates and legal advisors, Architects, Doctors/Healthcare Professionals, Consultants/IT Professionals, Design Professionals, as it combines the flexibility of a partnership with the limited liability protection of a company in India. The partners are only liable to the extent of their contributions to the firm. Registering an LLP in Hyderabad is easy and can be done online with proper guidance and documents.

What is an LLP?

A Limited Liability Partnership (LLP) is a hybrid business structure that combines elements of a partnership and a private limited company. LLPs in Hyderabad are governed by the Limited Liability Act, 2008. It offers its partners the advantage of limited liability protection, allowing them the flexibility of managing their business as per their agreed terms on the LLP agreement.

Features of LLP in Hyderabad

• It is a separate legal entity, independent of its partners.
• It does not lose its identity upon the death or the inability of the partners to act as partners.
• Partners are liable only up to their contribution amount invested in the LLP.
• There is no requirement for a minimum capital contribution in the business.
• There are fewer compliance requirements for an LLP compared to a private limited company and other registered companies.

Eligibility Criteria for LLP Registration in Hyderabad

• Minimum of two partners required; no maximum limit of partners
• At least one partner must be a resident of India
• At least one Designated Partner must be an Indian resident
• At least one Designated Partner must have a Digital Signature Certificate (DSC)
• After incorporation, at least one partner must obtain a Director Identification Number (DIN)
• The proposed LLP name should be unique and not resemble any existing LLP or company registered with MCA
• LLP must have a registered office in Hyderabad

Benefits of LLP Registration in Hyderabad

1. Limited Liability Protection: Liability of partners is limited to the contribution made in the LLP.

2. Separate legal entity: The LLP can own separate property, enter into different contracts, and sue or be sued in its own name.

3. Fewer compliances: LLPs have fewer compliance requirements as compared to private limited companies in India.

4. Tax Benefits: LLPs in Hyderabad enjoy various tax advantages under the Income Tax Act, 1961:

• No Dividend Distribution Tax (DDT)
• Lower Tax Rate on Profits
• Deductible Business Expenses on salaries to partners, rent, utilities, and professional fees
• Set-off and Carry-forward of Losses
• No Minimum Alternate Tax (MAT)
• Pass-Through for Partners’ Income

5. No Minimum Capital Requirement: LLPs do not require any minimum capital contribution. You can incorporate an LLP even with a few thousand rupees.

6. Perpetual Existence: LLP remains in existence even though the partners leave or change.

Documents Required for LLP Registration in Hyderabad

1. For Partners and the Designated Partners

• PAN Card
• Aadhaar Card or any government-issued ID proof
• Address proof, including Utility bills (6 months), bank statement, or rental agreement of all partners and the Designated Partners
• Recent passport-sized photographs
• A Digital Signature Certificate is required for at least one designated partner.

2. For LLP Registration

• Proposed LLP name approval from the MCA.
• LLP Agreement specifying the roles and responsibilities of partners and the Designated partners.
• Provide proof of the registered office address of the LLP. You can attach the rent agreement/ property ownership document/ lease agreement, or even utility bills.
• A no-objection certificate (NoC)from the property owner if the office is rented.

Online Process of LLP Registration in Hyderabad

1. Obtain DSC: Obtain a Digital Signature Certificate (DSC) for the Designated partners from an authorised agency.
2. Reserve the name: File the application for name approval at the MCA portal. The approved name shall be reserved for 3 months from the date of approval.
3. File the LLP Form at the MCA portal. Prepare the Form “FiLLiP” for LLP incorporation and file it online at the MCA portal along with the documents
4. Verification by the RoC: The RoC will verify the details of the Form and the documents, and if everything is in order, you will receive your Certificate of Incorporation.
5. LLP Incorporated: Once your LLP is incorporated, draft and execute the LLP agreement and file it within 30 days of its incorporation in Form 3 online at the MCA portal.
6. Apply for PAN and TAN: Once your LLP is incorporated, apply for PAN and TAN for your LLP.

Annual Compliance of LLP in Hyderabad

• The Annual Return (Form 11) must be filed with the RoC by 30th May of each financial year.
• The Statement of Accounts (Form 8) must be filed with the RoC by 30th October of each financial year.
• An audit of yearly records is mandatory if the capital contribution of an LLP exceeds ₹25 lakhs or the annual turnover exceeds ₹40 lakhs.
• Any change in the LLP must be reported to the RoC by amending the LLP agreement and filing Form 3.
• LLPs must file their Income Tax Return (ITR) within the due date prescribed by the Income Tax Department for each financial year.

Why Choose Kanakkupillai for LLP Registration in Hyderabad?

Registering an LLP in Hyderabad can be confusing without expert help, especially when dealing with MCA filings, RoC checks, and legal paperwork. Kanakkupillai makes the process simple by providing:

• Expert Guidance – Kanakkupillai has a team of professionals specializing in corporate registrations and compliance. We are here to help you with everything from name approval to incorporation.
• End-to-End Support – The process, including filing FiLLiP, drafting LLP agreements, and getting the Certificate of Incorporation.
• Transparent Pricing – Affordable packages without hidden costs.
• Dedicated Relationship Manager – Clients receive personalized assistance at each stage of registration for better communication and guidance.
• Tax and Legal Advisory – Post-registration, our team also provides support in GST registration, PAN/TAN application, and annual filings, ensuring full compliance with the law.
• Technology-Driven Process – Kanakkupillai uses an online system that simplifies documentation and tracking, saving effort and resources for its partners.