LLP Incorporation Checklist
After registering your LLP you must follow certain important compliances and process requirements that have to be followed after registering an LLP. Here is a detailed outline for the same:
Pre-Filing Requirements
It is essential to fulfill the following requirements prior to filing for LLP incorporation:
- Name Reservation: Select a distinct name for the LLP and reserve the name with the Registrar of Companies (ROC). Name approval is fundamental for LLP registration.
- Partnership Agreement: Draft an LLP agreement specifying roles, duties, profit-sharing, and decision-making among partners.
- Partner Identification: Get Digital Signature Certificates (DSC) of all partners who are going to be part of the LLP.
- Registered Office: Give evidence of the registered office address of the LLP.
Filing Processes
Proceed with the below steps for filing incorporation of LLP:
- Document Preparation: Prepare documents required such as LLP agreement, identity proof, address proof, and partners' consent
- Form Submission: Complete and file Form 2 with the ROC along with the documents and fees
- Verification: ROC authenticates documents and approves the application for incorporation of LLP
- Certificate Issuance: On approval, ROC issues the Certificate of Incorporation, which records the legal existence of the LLP.
Post-Filing Compliance
Post-LLP incorporation, be in compliance with continuing requirements:
- LLP Agreement Registration: File the LLP agreement with the ROC within 30 days of incorporation
- PAN and TAN Application: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the LLP
- Annual Compliance: File annual returns and maintain financial records as per LLP Act requirements
- Changes in LLP: Notify ROC of any changes in partners, addresses, or LLP agreements through prescribed forms.