LLP Registration in Mumbai

LLP Registration in Mumbai

Mumbai is known as the commercial and financial capital of India, attracting thousands of entrepreneurs and professionals every year. Every year, many small shops, family businesses, and startups begin their journey here, from the crowded markets to big office spaces in areas like Bandra-Kurla Complex and Lower Parel. For many of these entrepreneurs, a Limited Liability Partnership (LLP) is the preferred option because it offers the flexibility of a partnership while protecting their personal assets, similar to a company. Registering an LLP in Mumbai is easy and can be done online with proper documents.

What is an LLP?

A Limited Liability Partnership (LLP) is a hybrid type of business structure that combines the elements of a partnership and a private limited company. It offers its partners the advantage of limited liability protection against liability, at the same time allowing them the flexibility of managing their business as per their agreed terms on the LLP agreement.

Features of LLP Registration in Mumbai

• 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.
• There is no requirement for a minimum capital contribution in the business.
• There are fewer compliance requirements in the LLP as compared to a private limited company and other registered companies.

Eligibility Criteria for LLP Registration in Mumbai

• At least two partners are required to form an LLP. There is no maximum limit.
• One of the partners must be a resident of India.
• One of the Designated Partners must be an Indian resident
• At least one of the designated partners must have a DSC.
• After incorporation, at least one director should obtain a DIN (Director Identification Number).
• The proposed LLP name should be new and not similar to any existing company or LLP registered under the Ministry of Corporate Affairs (MCA).
• The LLP must have a registered office address in Mumbai.

Benefits of LLP Registration in Mumbai

• Limited Liability Protection: Liability of partners is very much limited to their agreed contribution as per the LLP Agreement. LLP provides protection for the value and assets of the partners.
• Separate Legal Entity: The LLP is distinct from its partners, which enables it to own separate property, enter into contracts, and sue or be sued in its own name.
• Low Compliance Costs: LLPs have fewer compliance requirements as compared to private limited companies in India
• Tax Benefits: LLPs enjoy tax advantages such as exemption from taxes like dividend distribution tax and lower tax rates under the Income Tax Act, 1961, as compared to companies.
• No Minimum Capital Requirement: LLPs do not require any minimum capital contribution. You can incorporate an LLP even with a few thousand rupees.
• Perpetual Existence: LLP remains in existence even though the partners leave or change. The LLP is not affected by such variations or changes in the firm.

Documents Required for LLP Registration in Mumbai

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.

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 from the property owner if the office is rented.

Online Process of LLP Registration in Mumbai

1. Obtain DSC: Obtain a Digital Signature Certificate (DSC) for the Designated partners.
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: Fill and prepare the Form “FiLLiP” for LLP incorporation and submit to the Registrar of Companies along with the documents.
4. Verification by the RoC: The RoC will verify the details and 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.
6. Apply for PAN and TAN: Once your LLP is incorporated, apply for PAN and TAN for your LLP.

Annual Compliances for LLP in Mumbai

• Annual Return – Form 11 is filed with the RoC by 30th May of each financial year.
• Statement of Accounts – Form 8 is filed with the RoC by 30th October of each financial year. An audit of yearly records is required if the capital contribution of an LLP exceeds ₹25 lakh or the sales exceed ₹40 lakh.
• Any change in the LLP shall be informed to the ROC by amending the LLP agreement and filing it in Form 3 with the RoC.
• Income Tax Return: LLPs must file their income tax return before the due date specified as prescribed by the Income Tax Department in every financial year.

Why Choose Kanakkupillai for LLP Registration in Mumbai?

Registering an LLP in Mumbai 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 specialising 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 the partners.