LLP Registration (Limited Liability Partnership)

LLP (Limited Liability Partnership) Registration in India:

LLP Registration in India – Complete Guide

 What is an LLP?
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the benefits of a partnership and a private limited company. It offers limited liability protection to partners while allowing flexibility in operations and management.

Introduced under the Limited Liability Partnership Act, 2008, LLPs are ideal for small and medium-sized businesses, professionals, and startups.

Key Features:

•     Minimum 2 partners (no maximum limit)  
•     At least one Designated Partner must be a resident of India  
•     Separate legal entity
•     Limited liability for all partners
•     No requirement for minimum capital contribution

Advantages of LLP:

•     Easy to form and manage   
•     Low cost of compliance    
•     Protection of personal assets     
•     No audit required up to ₹40 lakhs turnover or ₹25 lakhs capital    
•     No dividend distribution tax (DDT)    
•     Tax benefits and operational flexibility    

Documents Required:

For Partners:

•     PAN Card (mandatory)     
•     Aadhaar Card / Passport / Voter ID / Driving License   
•     Passport-size photo    
•     Address proof (Bank Statement / Utility Bill – recent)    

For Registered Office  

•     Rent agreement or property ownership proof      
•     Utility bill (electricity, water, gas, etc.)     
•     NOC from owner (if rented)    

LLP Registration Process:   

1. Obtain Digital Signature Certificate (DSC)
       For all designated partner   

2. Apply for DIN (Director Identification Number)
       Included in the FiLLiP form.  

3. Name Reservation (RUN-LLP)
       Propose names for the LLP and get approval through MCA.   

4. File FiLLiP Form
       Submit incorporation form with required documents to MCA.

5. Obtain Certificate of Incorporation
       Issued by Ministry of Corporate Affairs (MCA) with LLPIN   

6. Draft & File LLP Agreement (Form 3)
       Must be filed within 30 days of incorporation.

Time Required:

Usually 10–15 working days, depending on name approval and document submission.

Cost of Registration:

Starts from ₹5,000 to ₹12,000, depending on professional fees and state-wise stamp duty.

Post-Incorporation Compliances:

•     PAN & TAN application     
•     Opening of bank account      
•     Filing LLP Agreement (Form 3)    
•     GST Registration (if applicable)    
•     Annual filing: Form 11 (Annual Return) and Form 8 (Statement of Accounts)    

LLP vs Private Limited Company