Domestic Joint Venture LLP Registration in India
A Domestic Joint Venture Limited Liability Partnership (LLP) is a business structure where two or more entities collaborate to form a legally recognized partnership with limited liability. This model is ideal for businesses looking to share resources, expertise, and risks while maintaining flexibility in management.
Why Choose a Domestic Joint Venture LLP?
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Limited Liability: Partners’ liabilities are limited to their agreed contributions.
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Separate Legal Entity: The LLP exists independently of its partners.
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Flexible Structure: Operational flexibility compared to a private limited company.
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Tax Benefits: LLPs are not subject to dividend distribution tax.
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No Minimum Capital Requirement: Easy to start and scale.
Types of Domestic Joint Venture LLP Registration
Equity-Based JV LLP
Partners contribute capital and share profits based on investment ratios.
Limited Duration JV LLP
Formed for a specific project or timeframe, dissolving upon completion.
Contractual JV LLP
Partnership based on contractual agreements rather than equity contributions.
Functional JV LLP
Partners collaborate for specific business functions while maintaining independent operations.
Step-by-Step Process of Registering a Domestic Joint Venture LLP
Step 1: Obtain Digital Signature Certificate (DSC)
All designated partners must obtain a DSC to sign forms electronically.
Step 2: Apply for Director Identification Number (DIN)
Every designated partner needs a DIN, which is obtained through the Ministry of Corporate Affairs (MCA).
Step 3: Name Approval from MCA
The proposed LLP name must be unique and compliant with MCA naming guidelines. Apply through the RUN-LLP form.
Step 4: Draft & File LLP Incorporation Documents
Submit FiLLiP (Form for LLP Incorporation) along with required documents, including:
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Address proof of the registered office
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Identity proof of partners
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PAN & Aadhaar of partners
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LLP Agreement draft
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NOC from the property owner (if applicable)
Step 5: Draft & Execute LLP Agreement
The LLP Agreement must outline roles, profit-sharing ratios, decision-making authority, and exit clauses.
Step 6: Apply for PAN, TAN & GST Registration
After receiving the Certificate of Incorporation (COI), register for PAN, TAN, and GST (if applicable).
Timeline for Domestic Joint Venture LLP Registration
Process Stage | Estimated Time |
|---|---|
DSC & DIN Application | 1-2 Days |
Name Approval | 2-3 Days |
LLP Incorporation | 5-7 Days |
LLP Agreement Filing | 2-3 Days |
PAN & TAN Registration | 3-5 Days |
Total Time Required | 15-20 Days |
Documents Required for Domestic JV
LLP Registration
For Indian Partners
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PAN Card
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Aadhaar Card
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Address proof (Passport, Voter ID, or Driving License)
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Passport-sized photographs
For Registered Office
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Rent agreement (if rented)
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NOC from owner
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Electricity or utility bill (not older than 2 months)
For Foreign Partners (if applicable)
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Passport (notarized and apostilled)
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Address proof (notarized and apostilled)
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Proof of registered office in India
Tax Exemptions & Benefits for LLPs
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No Dividend Distribution Tax (DDT)– Unlike companies, LLPs are exempt from DDT.
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Pass-Through Taxation– LLP profits are taxed only at the firm level; partners are not subject to additional taxation.
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Capital Gains Tax Benefits– Tax exemptions on capital gains under certain conditions.
Frequently asked questions
