LLP Name Change
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You may be interested in changing the name of your Limited Liability Partnership (LLP) due to a business reason, personal reasons or based on the directions of the Central Government. Central Government could order a change of LLP name, if the name is considered to be undesirable or similar with or too closely bearing resemblance with the name of an existing LLP.
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Introduction
LLP Name Change
The name of a business is a crucial part of Limited Liability Partnership (LLP) registration. It represents the face of the company and appears everywhere, like on documents, letterheads, pamphlets, banners, and more. Sometimes, LLPs need to change their name with the agreement of the partners or under the direction of the Central Government, or for other reasons. However, the name change process requires approval from the ROC and follows the rules and regulations of the Limited Liability Partnership Act, 2008. In this article, we will explain the process of changing the name of an LLP in simple terms. LLPs can confidently navigate the name modification process by understanding the steps and requirements while maintaining their brand identity.
Benefits
Benefits of LLP
Own Legal Identity
An LLP is like its own person, just like big companies. This helps people trust and work with it, as it can do legal things independently.
Less Risk for Partners
LLP partners are only responsible for what they put in. They don't have to pay for all the debts or losses, which is good for their reputation.
Saves Money and Time
Starting an LLP costs less and has fewer rules than big companies. There's less paperwork to do every year.
No Fixed Money Needed
You don't need much money to start an LLP. Partners can put in whatever amount they want.
Process
LLP Name Change In Easy Steps
Document Checklist
Documents required to LLP Name Change
Consent Letter of the Partners
A letter from the partners of the LLP providing their consent for the name change.
Copy of Resolution Passed in the Meeting of the Partners
A copy of the resolution passed during a meeting of the partners authorizing the name change.
Copy of Trademark certificate
A copy of the Trademark certificate should be provided if the LLP name is registered under the Trademark Act.
LLP Agreement
The existing LLP agreement may need to be amended to reflect the name change.
NOC from the Trademark Owner
If the LLP name is registered under someone else’s ownership, a (NOC) from the owner is needed.
Notice of Name Change
A formal notice announcing the change of name for the LLP.
New Names
A list of proposed new names for the LLP, in order of preference.
Supplementary Agreement
In some cases, an additional agreement may be required to document the name change officially.
