Overview of Limited Liability Partnership Registration in Mumbai

Mumbai, renowned for its vibrant culture of entrepreneurship, is a place for a wide range of industries, encompassing finance, information technology, entertainment, manufacturing, and more. Such a supportive ecosystem sets the stage for LLPs to build connections, collaborations, and access a vast range of skilled professionals, potential customers, and strategic partners.

What Are the Benefits of Limited Liability Partnership Registration in Mumbai?

Following are the merits of Limited Liability Partnership Registration in Mumbai:

• Solid legal framework: Mumbai has a well-established legal framework for LLP registration, providing clarity and guidance for businesses.
• Skilled workforce: Mumbai is home to a diverse and skilled workforce across various sectors, making it easier to find qualified professionals to manage and grow your LLP.
• Excellent connectivity: Mumbai boasts excellent connectivity with airports, railways, and road networks, allowing for easy accessibility for domestic and international stakeholders.
• Access to markets: Mumbai's strategic location provides access to diverse markets, opening up possibilities for expansion and growth.

Basic Eligibility Criteria for Limited Liability Partnership Registration in Mumbai

The following are the essential eligibility criteria for Limited Liability Partnership Registration in Mumbai:

Minimum number of Partners

For an LLP to be registered in Mumbai, a certain number i.e., a minimum of two partners are needed. 

• LLPs are formed under the provisions of the LLP Act, 2008.

·Name of the entity must be distinct and not the same as any brand or company that already exists

An LLP needs to have a distinct name to register and run its business without confusion with existing names and registered trademarks.

LLP Agreement

An agreement to lay down the necessary formalities and clauses is also required. It is mandatory to file an LLP agreement in Form 3 online on MCA Portal within 30 days of registration.

One of the Partners must be an Indian citizen

An LLP must have at least one Indian national among its partners.

DPIN Number

An LLP requires that all of its partners get a Designated Partner Identification Number (DPIN).

DSCs for partners

All of the LLP's partners must obtain digital signature certificates, which makes it easier to store documents and signatures electronically and digitally.

Documents Required for Limited Liability Partnership Registration in Mumbai

For registering an LLP in Mumbai, the following documents are must:

Documents required from the Partners:

• PAN Card or ID Proof
• Address Proof
• Residence Proof
• Photograph
• Passport (for Foreign Nationals and NRIs)

Documents required from LLP:

• Proof of Registered Office Address
• Digital Signature Certificate 

What is the Procedure for Limited Liability Partnership Registration in Mumbai?

For registering an LLP in Mumbai, the following steps must be followed:

Making an Application for LLP registration

An application i.e. FiLLiP (Form for registration of Limited Liability Partnership) must be submitted by partners to the concerned Registrar having jurisdiction over Mumbai for the LLP to be registered.

Obtaining DPIN and DSC

The partners must submit an application for a digital signature certificate in the next stage. This certificate will enable the LLP's partners to sign papers both electronically and digitally. The partners must then obtain a unique identification number for the partnership. All partners in the partnership must have DPINs. You can do this by submitting form DIR-3.

Verification of Partnership Name

The LLP RUN form can be used to verify the name of the partnership. Once the partnership's name has been reserved, it can be used for 90 days. The name will no longer be reserved after this time frame. Any provisions of current trademark or copyright laws must not be violated by the name as also it must not be objectionable in addition.

Submitting the Documents

All of the partners must submit the necessary documentation for the partnership to the RoC after the name has been reserved. These papers would consist of registration papers as well as passports and other forms of personal identity like PAN cards and Aadhaar cards.

Drafting LLP Agreement

The LLP agreement must be carefully drafted. The limited liability partnership's partners' obligations and liabilities will be outlined in this agreement. Any partner or person who wants to register a limited liability partnership will need particular guidance while preparing the contract. Using professional services from StartupFino would be appropriate for preparing your LLP agreement. The LLP agreement must be filed with the ROC or through the MCA site within 30 days after being drafted. Form 3 must be used to accomplish this.

Obtaining the Certificate of Incorporation

The RoC will then check and verify the application after it is submitted with all required documentation before issuing the Certificate of Incorporation as the final step.

Why Choose StartupFino for Limited Liability Partnership Registration in Mumbai?

StartupFino is a company that specialises in offering complete services for Limited Liability Partnership Registration in Mumbai. We can help you with everything from providing advice in the initial phase to ensuring that you meet all the necessary requirements and keeping your LLP in good legal standing.