LLP Registration in Bihar

Introduction

In India, managing and forming a Limited Liability Partnership is quite simple. A minimum of two partners are needed to register an LLP and there is no maximum number. The partners' obligations and rights are outlined in the LLP agreement. One partner in an LLP is not liable for the misconduct and carelessness of the other partner. The compliances are the partners' responsibility.

In 2022–2023, Bihar's Gross State Domestic Product (GSDP) is anticipated to be ₹ 7,45,310 billion (at current prices). In comparison to the updated GSDP forecast for 2021–22, this implies an increase of 9.7%. (₹ 6,79,473 crore). One of the strongest agricultural states in the nation is Bihar. Around 80% of the population of Bihar is employed in agricultural production, which is significantly higher than the national average. It ranks eighth in fruit production and fourth in vegetable production in India. Some of the industries in the state that are expanding quickly include food processing, dairy, sugar, manufacturing, and healthcare.

Documents for LLP Registration in Bihar

Here is a list of all the documents required for LLP registration in Bihar. Please note that if there are any issues with the documents submitted, the process will get delayed. However, the legal experts at Vakilsearch are there to assist you.

• PAN Card of all the partners
• Photograph of all the partners
• ID Proof of all the partners (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill for the address proof of the registered office

What to Keep in Mind While Naming an LLP?

Apart from the fact that an LLP requires a unique name that is non-existent, we have to avoid these names:

• Usage of language that offends any group of people.
• The suggested names should not be similar to or the same as those of another LLP company. It uses both Sahakari and the word cooperative.
• It denotes the involvement of the Central or State Government, which is permitted under certain conditions.
• 'British India' appears in the suggested name.
• The suggested name suggests affiliation or connection with any Embassy, Consulate, Municipality, Panchayat, Zila Parishad, or other organisation linked to the Union or Central Government.
• It contains the name of a trademark that is registered, and its lawful owner has not given permission to use it.
• For a period of five years, it is the same as the firm name that is dismissed.
• Without the regulatory authority's approval, it uses terms like a bank, insurance, banking, venture capital, mutual fund, etc.
• The names of any foreign nations are included. If the company can demonstrate any ties to or cooperation with the specific country, it may be listed.
• Without receiving proper clearance from the Council overseeing that profession or any other designated authority, the proposed name is indicative of a profession.

Process for LLP Registration in Bihar

Here are the 5 steps we have to follow for registering an LLP in Bihar:

• Gathering digital signatures from each prospective partner is the first step in Bihar
• The next step is to submit a request to the MCA to reserve the LLP's name.
• The incorporation documents are prepared by us, and they are delivered to the partners for signature. The documents must be scanned and uploaded to the Vakilsearch website, and our experts will provide you with the necessary information.
• The MCA must approve the signed copy of the documents before they are sent to our company.
• The final step in registering an LLP in Bihar is that our legal professionals confirm and submit the LLP deed which has to be signed by all the partners

Why Vakilsearch?

Vakilsearch offers the best services from the best legal experts in India to assist you with LLP registration in Bihar. Under the given time frame, we assure you to submit the LLP deed at your convenience. 100% online and hassle-free services, which makes legal services comprehensive for our 500k+ trusted customers! Also, every minute we set up 9 business setups! So, we are India’s largest legal service provider.