LLP Registration

Overview

A Limited Liability Partnership (LLP) is a modern business structure that combines the flexibility of a partnership with the limited liability of a company. Governed by the Limited Liability Partnership Act, 2008, an LLP is a separate legal entity in which the personal assets of partners stay protected from the debts of the business. LLPs are an ideal choice for professional service firms, consultancies, startups and small businesses that want a credible corporate structure without the heavy compliance load of a private limited company.

Understanding Limited Liability Partnership (LLP)

An LLP is a distinctive business structure that blends the features of partnerships and companies. The key characteristic of an LLP is the limited liability it provides to individual partners: personal assets stay protected from the financial obligations of the business. At the same time, LLPs grant partners the autonomy to manage the business collectively, without the extensive formalities of corporate governance. This balance of protection and flexibility makes LLPs an attractive choice for professionals and small businesses.

Why LLP registration is necessary

LLP registration gives the business formal legal recognition as a separate entity, which is essential for entering contracts, owning assets and conducting operations. Equally important is the limited liability protection it provides to partners. Without registration, partners can be held personally responsible for the debts of the business. Registration also enhances credibility with clients, banks and government bodies, opening doors to better business opportunities.

Eligibility for LLP registration

• Minimum of 2 partners; no upper limit on the maximum number of partners
• At least 2 designated partners, of which one must be a resident of India
• A resident in India means a person who has stayed in India for at least 182 days in the preceding financial year
• Designated partners must have a DPIN and a valid DSC
• The proposed LLP name should be unique and must not infringe an existing trademark
• A registered office address in India is mandatory

Annual compliance for LLPs

• Form 11 - Annual Return of the LLP, to be filed by 30th May every year
• Form 8 - Statement of Account and Solvency, to be filed by 30th October every year
• Income Tax Return of the LLP every financial year
• Tax audit if turnover exceeds the prescribed limit
• Maintenance of books of account on cash or accrual basis

Why choose us

• Limited liability protection for every partner
• Separate legal entity that can own assets and enter contracts
• No minimum capital requirement
• Lower compliance and audit costs than a private limited company
• Flexible internal structure governed by the LLP Agreement
• Perpetual succession unaffected by changes in partners
• Tax efficient with no dividend distribution tax

Documents required

• PAN card of all designated partners
• Aadhaar card or any government ID of all partners
• Passport-size photographs of all designated partners
• Address proof of partners (bank statement, electricity or mobile bill not older than 2 months)
• Registered office proof (rent agreement plus NOC, or ownership proof)
• Latest utility bill of the registered office
• Digital Signature Certificate (DSC) for the designated partners
• Designated Partner Identification Number (DPIN), if already allotted
• Subscribers' sheet and LLP Agreement on stamp paper

Our process

1. 1

   Obtain DSC

   Apply for Class-3 Digital Signature Certificates for the designated partners.

2. 2

   Apply for DPIN

   DPIN is applied through the FiLLiP form along with incorporation.

3. 3

   Name reservation (RUN-LLP)

   Reserve a unique LLP name by filing the RUN-LLP form on the MCA portal.

4. 4

   File FiLLiP for incorporation

   FiLLiP (Form for Incorporation of LLP) is filed with subscriber and partner details and address proofs.

5. 5

   Certificate of Incorporation

   Once approved, the Registrar issues the LLP Certificate of Incorporation with the LLPIN.

6. 6

   Drafting and filing the LLP Agreement

   The LLP Agreement is drafted, executed on stamp paper and filed in Form-3 within 30 days of incorporation.

7. 7

   PAN, TAN and bank account

   We help you apply for the LLP's PAN and TAN and open a current bank account.