Friday, January 31, 2020

How to open a LLP company in India

Limited Liability Partnership (LLP) is a partnership firm which some or all partners have limited liability which means one partner is not responsible for another partner's misconduct or negligence.
So it exhibits elements of both partnership and corporation.



Steps to open a LLP company are :

  1. Generate Digital Signature Certificate
  2. Choose a name for your company
  3. Apply for company name in RoC
  4. Apply for company registration 
  5. Arrange stamping of the memorandum
  6. Attach mandatory documents online 

Now lets discuss about all these in details:

1. Generate Digital Signature Certificate

Digital Signature Certificate or DSC are electronic form of signatures that needs to be generated before applying for LLP. You can get these DSCs generated from some offline agents or through online third party agents.

For LLP firm, you required Class 2 Digital Signature Certificates, this will include a video recording of 20 seconds where you need to tell your name and application number

Few of the online third party agents are :
   dscsignature 
   e-mudhra


2. Choosing Company Name