LLP Registration in Pune

LLP Registration in Pune

Are you starting a business in Pune?

The city is full of energy with young entrepreneurs, family shops in crowded lanes, and tech startups in modern office complexes. If you are thinking of incorporating a business entity with fewer compliance requirements, then an LLP might be a perfect choice for your business. An LLP, or Limited Liability Partnership, is a partnership but with a safety net. You can run your business with your partners the way you want, but if things go wrong, your personal assets are not at risk. An LLP is a partnership with a shield.  Registering an LLP in Pune is easy and can be done online with some basic documents. You don’t have to wait in the long queues for approvals.

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 in Pune

• An LLP is its own legal entity, separate from the people running it. It stands on its own.
• Even if a partner leaves, passes away, the LLP continues without losing its identity.
• Partners are only responsible for the money they put in. Personal assets are generally safe.
• There’s no rule about putting in a minimum amount of capital—any contribution works.
• As compared to a private limited company, LLPs have fewer rules and compliance requirements, making them easier to manage for small businesses.

Eligibility Criteria for LLP Registration in Pune

• 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 Pune.

Benefits of LLP Registration in Pune

• Limited Liability Protection: Partners are only responsible for the money they put in. The personal assets of the partners are safe from the debt and liability of the firm.
• Separate Legal Entity: An LLP exists separately from its partners. It can own property, sign contracts, and even sue or be sued in its own name.
• Low Compliance Costs: Compared to private limited companies, LLPs have fewer rules to follow and fewer compliance requirements, which saves time and money.
• 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: You don’t need a huge investment to start; an LLP can be set up with just 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 Pune

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 from the property owner if the office is rented.

Online Process of LLP Registration in Pune

1. Obtain DSC: At least one of the designated partners must acquire a DSC.
2. Reserve the name: Use the MCA portal to apply for name approval. Once the name is approved, it is reserved for three months from the date of approval.
3. File the LLP Form: Fill and prepare the Form “FiLLiP” for LLP incorporation and file it on the MCA portal.
4. Verification by the RoC: The RoC will review your application and documents. If everything is in order, you'll receive a Certificate of Incorporation.
5. LLP Incorporated: Within 30 days of incorporation, draft the LLP agreement and file it with the RoC using the Form 3.
6. Apply for PAN and TAN: After incorporation,  apply for PAN and TAN for your LLP.

Annual Compliances for LLPs in Pune

• 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 notified to the ROC by amending the LLP agreement and filing the amended agreement 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 Pune?

LLP registration in Pune 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.