LLP Registration in Telangana

Introduction

In India, managing a Limited Liability Partnership is simpler than any other business structure. An LLP may have an infinite number of partners, however, two partners are necessary for registration. The partners' rights and responsibilities are laid out in the LLP agreement. Despite the fact that both forms offer the same characteristics, it is always preferable to form an LLP rather than a Private Limited Company. An LLP can be built for less money than a Private Limited Company. The LLP's owner also manages and has control over the company. Compared to a Private Limited Company, the LLP has fewer compliances.

The state's anticipated Gross State Domestic Product (GSDP) for 2022–2023 will be ₹13.04 lakh crore (at current rates). The primary industries in Telangana are the automotive and auto component industries, spices, mining and minerals, textiles and clothing, pharmaceuticals, horticulture, and poultry farming. To accommodate particular sectors, the state government is creating Industrial Parks in various locations.

Documents for LLP Registration in Telangana

Here is a list of all the documents required for LLP registration in Telangana. 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 through the process, from start to end.

• 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

Rules to Keep in Mind While Naming an LLP

Apart from the fact that an limited liability partnership 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.
• 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 Telangana

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

• Gathering digital signatures from each prospective partner is the first step in Telangana
• 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 online company registration 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 Telangana 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 Telangana. 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! We are India’s largest legal service provider because of the trust you have upon us.