What is an LLP?
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership with the limited liability features of a company. LLPs are governed by the Limited Liability Partnership Act, 2008, and have a distinct legal identity, perpetual succession, and limited liability for all partners.
Who Should Register an LLP?
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Startups and small to medium businesses seeking limited liability and minimal compliance
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Professional service firms (consultants, architects, CA/CS firms)
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Businesses with two or more partners who want flexibility and scalability
Key Features & Benefits of LLP
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Separate Legal Entity: LLP is distinct from its partners, enabling it to own assets and incur liabilities in its own name.
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Limited Liability: Partners’ liability is limited to their agreed contribution; personal assets are protected.
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No Maximum Partner Limit: Minimum two partners required; no upper limit on the number of partners.
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Less Compliance: Fewer regulatory requirements compared to private limited companies.
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Flexible Management: Partners can manage the LLP directly or appoint designated partners.
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No Minimum Capital Requirement: Partners can contribute any amount as per business needs.
Eligibility Criteria for LLP Registration
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Minimum two partners (at least two must be designated partners)
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At least one designated partner must be a resident
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Each designated partner must have a valid Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN/DIN)
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Agreed capital contribution (no minimum requirement)
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Unique LLP name, not similar to existing companies or trademarks
Required Documents for LLP Registration
| Document Type | Details/Description |
|---|---|
| PAN Card (Partners) | Self-attested copy for each partner |
| Address Proof (Partners) | Aadhaar, passport, voter ID, or driver’s license |
| Passport (Foreign Nationals) | Mandatory for foreign partners, along with proof of address (notarized/apostilled) |
| Photographs | Passport-sized photos of all partners |
| Proof of Registered Office | Utility bill, rent agreement, or property document (not older than 2 months) |
| NOC from Owner | If office premises are rented/leased |
| LLP Agreement | Drafted and executed on stamp paper after incorporation |
| Digital Signature Certificate | For all designated partners |
| Other Supporting Documents | Bank statement, board resolution (if applicable), and any additional required docs |
Step-by-Step LLP Registration Process
1. Obtain Digital Signature Certificate (DSC)
All designated partners must obtain a DSC for online document signing.
2. Apply for Designated Partner Identification Number (DPIN/DIN)
Each designated partner must have a DPIN/DIN. Apply online via the MCA portal if not already allotted.
3. Reserve LLP Name
File the RUN-LLP form on the MCA portal to reserve a unique name for your LLP. Ensure the name is not identical to any existing entity or trademark.
4. File Incorporation Form (FiLLiP)
Submit the Form FiLLiP online with all required documents, details of partners, registered office, and the reserved name. Pay the government fee as per capital contribution.
5. Obtain Certificate of Incorporation
After document verification, the Registrar of Companies (RoC) issues the Certificate of Incorporation, officially recognizing your LLP.
6. Draft and File LLP Agreement
Prepare the LLP Agreement (defining partner roles, rights, and profit sharing) and file Form 3 within 30 days of incorporation. The agreement must be executed on stamp paper as per state rules.
7. Apply for PAN & TAN
Apply for Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) for the LLP after incorporation.
LLP Registration Compliance Checklist
| Step/Requirement | Description |
|---|---|
| Eligibility Check | Minimum two partners, at least one resident designated partner |
| DSC & DIN/DPIN | Obtain for all designated partners |
| Name Approval | Reserve unique LLP name via RUN-LLP |
| Document Collection | Gather all required documents and proofs |
| Incorporation Filing | File FiLLiP form with MCA and pay fees |
| Certificate of Incorporation | Obtain from RoC after approval |
| LLP Agreement | Draft, execute, and file Form 3 within 30 days |
| PAN & TAN Application | Apply post-incorporation |
| Statutory Registers | Maintain as per LLP Act |
| Annual Filings | File Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) |
Frequently Asked Questions (FAQs)
How long does LLP registration take?
The process typically takes 10–20 working days, depending on document submission and RoC processing.
Is physical presence required for LLP registration?
No, the entire process is online through the MCA portal; no physical presence is needed.
What is the minimum capital required for LLP registration?
There is no minimum capital requirement. Partners can contribute any amount as agreed.
Can a foreign national be a partner in an LLP?
Yes, foreign nationals/NRIs can be partners, but at least one designated partner must be a resident.
What are the post-registration compliances for LLPs?
LLPs must file annual returns (Form 11), statement of accounts (Form 8), and maintain statutory records.
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