Overview
What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the benefits of a Partnership Firm and a Private Limited Company. Governed by the LLP Act, 2008, it provides limited liability to partners while maintaining the flexibility of a partnership. Each partner's liability is limited to their agreed contribution to the LLP.
LLP has a separate legal identity from its partners, meaning it can own property, sue, and be sued in its own name. It requires at least 2 Designated Partners with DPIN (Designated Partner Identification Number), both of whom must be Indian residents.
Best for: CA firms, law firms, architect firms, consulting businesses, IT services, and any professional services where two or more individuals want to partner with limited personal liability.
Benefits
Why Choose LLP Registration?
Limited Liability
Partners' personal assets are protected. Liability limited to agreed capital contribution only.
Separate Legal Entity
LLP has its own PAN, bank account, and can enter contracts in its own name.
No Minimum Capital
No minimum capital requirement to register an LLP. Start with any amount you agree upon.
Lower Compliance vs Pvt Ltd
LLP has fewer mandatory filings compared to a Private Limited Company. No board meetings required.
Tax Advantages
LLP is taxed at 30% flat rate. No dividend distribution tax. Partners' remuneration is deductible.
Perpetual Existence
LLP continues to exist even if a partner leaves or dies — unlike a Partnership Firm.
Documents Required
Documents Needed from All Partners
PAN Card of All Partners
Aadhaar Card of All Partners
Passport Photos of All Partners
Registered Office Address Proof
Electricity / Rent Bill (Office)
Proposed LLP Name (2 options)
Capital Contribution Details
Profit Sharing Ratio (agreed)
Process
LLP Registration Process
1
DSC & DPIN for Partners
Digital Signature Certificate and Designated Partner Identification Number (DPIN) obtained for minimum 2 designated partners.
2
LLP Name Approval (RUN-LLP)
We file for LLP name approval on MCA portal. Name reservation is confirmed within 1–2 working days.
3
FiLLiP Form Filing
Incorporation document filed via FiLLiP (Form for Incorporation of LLP) with all partner details, office address, and capital contribution.
4
LLP Agreement Drafting & Filing
We draft the LLP Agreement covering profit sharing, partner roles, and governance. Filed within 30 days of incorporation via Form 3.
5
Certificate of Incorporation
Receive your LLP Incorporation Certificate, PAN, and TAN on email and WhatsApp within 10–15 working days.
FAQs
Frequently Asked Questions
What is the difference between LLP and Private Limited Company?
LLP has fewer compliance requirements and no concept of shareholders or share capital. It cannot raise equity funding from investors. A Private Limited Company has more compliance but can raise equity investment, issue shares, and is better for businesses planning to raise venture capital or angel funding.
Can an LLP have foreign partners?
Yes, Foreign Nationals and Foreign Companies can be partners in an Indian LLP. However, at least one designated partner must be an Indian resident. Foreign Direct Investment (FDI) in LLP requires RBI approval in some cases.
What are the annual compliance requirements for LLP?
LLP must file Form 11 (Annual Return) and Form 8 (Statement of Account & Solvency) with MCA every year. Income tax return must also be filed. If turnover exceeds ₹40 lakhs or capital exceeds ₹25 lakhs, accounts must be audited by a CA.
What is the MCA government fee for LLP registration?
MCA government fees for LLP registration depend on the total capital contribution. For capital up to ₹1 lakh, the fee is ₹500. For capital between ₹1 lakh to ₹5 lakhs, it is ₹2,000. For higher capital, fees increase proportionally. Our professional fee of ₹4,999 is separate from this government fee.
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