Pre-requisites for registering a LLP
Pre-requisites for registering a LLP
An LLP should have minimum 2 partners. In case any Body Corporate is a partner, then it will be required to nominate any person (natural) as its nominee FOR THE purpose of the LLP.
Partner of LLP can be consisted of
Partners of LLP
Every LLP should have minimum 2 designated partners who are inpiduals and at least one of them should be resident in India.
A person or nominee of a body corporate, intending to be appointed as who is appointed as designated partner of LLP should hold a Designated Partner Identification Number (DPIN) allotted BY THE MCA (Ministry of Corporate Affairs.)
DPIN can be obtained by submitting application along with address proof and identity proof of the inpiduals.
Digital Signature Certificate
All forms for registration of LLP shall be filed online after signing digitally and for this purpose, one of the designated partners shall take digital signature certificate.
LLP Name
It must Ensure that selected name satisfy LLP Name Guidelines of Ministry of Corporate Affairs.
LLP Agreement
Like partnership like other partnership firm can frame agreement between LLP partners for defining their terms, profit sharing ratio and other terms & Conditions etc. The basic contents of Agreement are, Name of LLP, Name of Partners and Designated Partners, and Form of contribution, Profit Sharing ratio and RIGHTS AND DUTIES of Partners.