What is an LLP?

A Limited Liability Partnership (LLP) is registered under the Limited Liability Partnership Act, 2008. In an LLP, partners have limited liability, and the LLP has a separate legal identity distinct from its partners.

This means:

  • Partners are not personally liable for business losses
  • The LLP can own property and enter contracts in its own name
  • Business continues even if partners change

Who Should Choose an LLP?

Professionals (CA, CS, consultants, designers, etc.)
Small and medium businesses
Family-run businesses
Startups with low initial turnover
Businesses not planning external funding

Key Benefits of LLP

Limited Liability Protection

Partners' personal assets are protected.

Separate Legal Entity

The LLP is independent from its partners.

Flexible Management

No rigid rules like board meetings.

Lower Compliance Burden

Fewer legal compliances compared to a Private Limited Company.

No Minimum Capital

LLP can be started with any amount of capital.

Key Benefits of LLP

Limited Liability Protection

Partners' personal assets are protected.

Separate Legal Identity

The LLP is independent from its partners.

Flexible Management

No rigid rules like board meetings.

Easy Ownership Transfer

Shares can be transferred easily compared to other structures.

Long-Term Growth

Best suited for structured and scalable businesses.

Minimum Requirements for LLP Registration

  • Minimum 2 Partners
  • At least 2 Designated Partners
  • At least 1 Designated Partner must be a resident of India
  • A registered office address in India
  • A unique LLP name approved by MCA

(Partners and Designated Partners can be the same persons)

Documents Required

For Partners / Designated Partners:

  • PAN Card
  • Aadhaar Card / Passport
  • Address Proof (Bank statement / utility bill – not older than 2 months)
  • Passport-size photograph
  • Email ID & Mobile number

For Registered Office:

  • Electricity bill / property tax receipt
  • Rent agreement or ownership proof
  • No Objection Certificate (NOC) from the owner (if rented)

LLP Registration Process

1

Digital Signature Certificate (DSC)

DSC is required for signing LLP forms online.

2

DPIN Allotment

Designated Partner Identification Number (DPIN) is allotted through incorporation forms.

3

Name Approval

LLP name is applied through RUN-LLP or FiLLiP form with MCA.

4

Filing Incorporation Form

FiLLiP form along with partner details and documents is filed.

5

Certificate of Incorporation

After approval, MCA issues the Certificate of Incorporation with LLPIN.

⏱ Approximate Time: 7–10 working days (subject to government approval)

LLP Agreement (Mandatory)

  • • LLP Agreement defines rights and duties of partners
  • • Must be filed in Form 3 within 30 days of incorporation
  • • Delay attracts additional fees

Annual Compliance Requirements for LLP

Stay compliant and avoid penalties with our comprehensive LLP compliance services. We handle all your annual filing requirements professionally.

Mandatory Annual Filings

01

Annual Return – Form 11

  • Filed: Every year
  • Due date: 30th May
02

Statement of Accounts – Form 8

  • Filed: Annually
  • Due date: 30th October
03

Income Tax Return

  • Mandatory: Filing every year
  • Audit: Required if turnover exceeds prescribed limits
04

GST & TDS Returns

  • Applicable: Only if registered under respective laws

Penalties for
Non-Compliance

Heavy late fees
Monetary penalties
Disqualification of Designated Partners
Risk of LLP being struck off

Our Compliance
Promise

Timely filing guaranteed
Expert CA/CS assistance
Penalty protection
100% accuracy assured

Our Pricing

Most Popular

Standard

₹4,999

*Excluding Govt. Fees

  • LLP Registration at MCA
  • Drafting & Filing by CA/CS
  • Expert advice by CA/CS
  • MCA processing and LLPIN
  • LLP Agreement Drafting
  • Allotment of 2 DPINs
  • PAN & TAN Application
  • Call, Chat, Email Support
Get Started

Government Fee: As applicable. Prices shown are exclusive of government fees, DSC, stamp duty, and third-party charges.

Frequently Asked Questions

What is the difference between LLP and Partnership Firm?

In a Partnership Firm, partners have unlimited liability and are personally liable for business debts. In an LLP, liability is limited to the capital contribution. LLP is a separate legal entity, while Partnership is not.

Can an LLP be converted to a Private Limited Company?

Yes, an LLP can be converted to a Private Limited Company under Section 366 of the Companies Act, 2013. The process involves filing specific forms with the ROC.

What are the annual compliance requirements for LLP?

LLPs must file Form 8 (Statement of Accounts) and Form 11 (Annual Return) every year. Additionally, Income Tax Return must be filed annually. LLPs with turnover above ₹40 lakhs or contribution above ₹25 lakhs need audit.

Is audit mandatory for LLP?

Audit is required only if turnover exceeds prescribed limits.

Can LLP be converted into a company later?

Yes, LLP can be converted into a Private Limited Company.

Is physical presence required?

No, the entire process is online.