1. Identity Proof: Documents establishing the identity of the proposed partners, such as passport copies, driver’s licenses, or national identification cards.
2. Address Proof: Documents verifying the residential address of the proposed partners, such as utility bills, bank statements, or rental agreements.
3. Partnership Deed: This is a crucial document that outlines the rights, duties, and responsibilities of designated partners, as well as the profit-sharing ratio, capital contributions, and other essential provisions. The partnership deed should be prepared on non-judicial stamp paper and signed by all partners.
4. LLP registration certificate: Along with the partnership deed, an LLP agreement needs to be prepared. This document contains information about the LLP’s name, registered office address, duration, activities, and other operational details. It is also signed by all the designated partners.
5. Consent and Affidavit: All bodies corporate partners must provide their consent to become partners of the LLP, and they may need to submit an affidavit affirming their eligibility, non-disqualification, and compliance with relevant laws.
All the Documents verifying the address of the LLP’s registered office, such as a rental agreement, lease deed, or ownership documents.
6. Digital Signature Certificate (DSC): DSCs may be required for at least one designated partner to digitally sign the application and other required forms. These certificates can be obtained from certified authorities.
7. LLP Name Approval: In some jurisdictions, you may need to provide a list of desired LLP names in order of preference. The registrar will approve the name based on availability and adherence to naming guidelines.
8. Additional LLP Documents: Depending on the specific requirements of the jurisdiction, additional documents such as No Objection Certificates (NOCs) from the property owner, declaration of compliance, and other relevant documents may be required.
When transitioning from an existing partnership firm to a Limited Liability Partnership (LLP), filling LLP form becomes a pivotal document. The process involves LLP registration at the Central Registration Centre, where digital signature certificates (DSC) play a crucial role. Limited liability partnerships offer the advantage of limited liability, a key distinction between existing LLP companies and general partnership firms.
The designated partner, as defined by the Limited Liability Partnership Agreement, governs the LLP’s operations and ensures compliance with corporate affairs regulations. Capital contribution, a requisite for limited liability partnership registration, is also outlined in the Limited Liability Partnership Agreement, further solidifying the legal foundation of the newly formed LLP company. This evolution not only provides the benefits of a separate legal entity but also establishes a structure with clear guidelines and reduced personal liability for its members.