Get LLP Registration in Salem, Trichy, Erode | Smart Auditor
                     Are you aware of 
these features of 
LLP? If not, You 
must Read it!!!!
Limited Liability Partnership in 
short we can say LLP is a Hybrid 
structure. Hybrid of a Company 
and a Partnership Firm. It is a 
unique corporate structure that 
has certain features of limited 
liability of the company and the 
flexibility of a Partnership Firm.
If you are applying for an LLP 
Partners of LLP Registration, then you should be 
aware of the types of partners. 
In a Limited Liability Partnership, 
there are two types of partners, 
designated partner and managing 
partners. Partners who are managing 
the whole business are called 
managing partners. Partners those 
who are dealing with Compliances of 
LLP Act, Income tax, etc are known as 
Designated partners. Sometimes, the 
designated partners can act as 
managing partner. But it is not true 
for all the cases.
Why do most of the 
people choose LLP 
instead of other 
business forms?
The greatest advantage which 
attracts more people is LLP’s 
Flexibility. LLP offers flexibility to 
process the business. There are no 
complex legal provisions and it is 
free to process and manage. Also, 
these advantages are not available 
in any other business forms. So, 
most of the companies have started 
to convert or incorporate their 
business in a Limited Liability 
Partnership. Here are some key 
points of Why do most of the people 
choose LLP Registration instead of 
other business forms.
• The cost of registration is Low.
• Separate Legal EntityPartner’s Liabilities are 
Limited
•  Easy to incorporate
• There is no minimum Capital Contribution
• Unlimited number of Partners
• Personal Assets of the partners does not have any 
impact on the company except in fraudulent cases
• Unlike a company, there is no tax that may charge 
in case of profit distribution to the partners.
• LLP is flexible since the rules are framed by 
partners
• Les Compliance as compared to Company
Which are the firms where 
LLP is Suitable for?
• Small to medium scale businesses
• Most of the service based industries
• A business where multiple partners and they have 
multiple roles
• Businesses are driven by owners but have investors who 
play as a silent partner role.
• Start-ups
What are the minimum requirements to 
form a Limited Liability Partnership?
• There should be a minimum of two partners 
• There should be a minimum of two designated partners 
among the total partners of Limited Liability Partnership
• Registered Office Address should be in India
• At Least 1 partner should be an Indian Resident
• You can incorporate Limited Liability Partnership only for 
Profit-making
What are the processes 
in LLP Registration?
D E C I D I N G  P A R T N E R S
The very first step of LLP Registration is 
deciding the partners.  Individuals who are 
resident in or outside India, LLP Registered 
in or outside India and the companies or 
body corporate which are registered in or 
outside India can apply as a partner in LLP.
Obtaining Digital Signatures of 
Designated Partners
A digital signature is a mandatory thing for 
all Legal Services. It is an electronic 
fingerprint. It reduces the processing time 
and allows the company registration to be 
done without the physical presence of the 
director.
Applying for DIN of Designated 
Partners
DIN or Director Identification Number is a 
unique 8 digit code. Every existing or 
proposed director should acquire that DIN. 
At first, Din was introduced in the 
Companies Amendment Act, 2006.
Checking Name Availability of LLP
After getting DSC and DIN we have to check 
the name availability of LLP. Name 
availability can be checked on the MCA 
Website. This is mainly to avoid further legal 
problems based on similarity in the 
company name. If any other company 
registered in the same name we cannot 
apply for the same name. If we should have 
done so it results in objection and further 
denial of the name.
Applying for Name Approval
If the name is available, then we can 
apply for approval. This guarantees 
100% approval since the name is not 
registered as any other company 
name.
Preparing & Filing Incorporation 
documents
• All partners latest Passport Size Photo
• PAN (Permanent Account Number ) of minimum 2 partners
• Each Partner’s Identity Proof (Aadhar Card, Passport, Driving 
License or Voter ID Card)
• Each partner’s  Present address Proof (Bank Statement or 
Passbook Copy, Electricity Bill, telephone bill, or any utility 
bill)
• Registered Office Address Proof (Electricity Bill, Rental 
agreement or the ownership proof of registered office)
• Stamp paper for LLP Agreement of State where LLP is to be 
registered.
Generating LLP Incorporation 
Certificate
If every mentioned process gets over 
and there is no objection, the next step 
is generating the certificate of LLP 
Incorporation.
Preparation & Filing of LLP 
Agreement
The last step involves the preparation & 
filing of the LLP Agreement. This 
agreement is the overall functioning of LLP 
and partners or between partners. After 
generating the agreement you can 
confidently run your Business.
LLP is the most suitable form for most of the business. As we mentioned above 
Limited Liability Partnership has certain features that make the entity unique 
among other business forms. We Smartauditor Provide LLP Registration in 
Salem, Trichy, and Erode. At the beginning of each registration service, we are 
providing Business consultation that you can get free of cost. 
That consultation helped lots of people to clarify which business form is suitable 
for their business. Our Services include Company Registration, Trademark 
registration, Patent registration, Copyright registration, and GST registration & 
filing. We have experienced company registration secretaries and IPR attorneys 
to solve out all your hindrances. 
Forget about your worries, we are here to serve an outstanding service for you!!
Thank You!!
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p-registration-features-aware/