Limited Liability Partnership Registration

    - Ideal for starting a medium sized business and service providers
    - Hassle free, online LLP registration process provided by professionals.


Documents Cost Process FAQs

LLP Registration

LLP registration is an alternative business vehicle to carry out business. It combines the characteristics of a private company and a conventional partnership. LLP formation provides limited liability company status to its partners. Also offers the flexibility of internal arrangement.

LLP Incorporation needs 2 Designated partners. Each partner requires to deposit a contribution reflected in the LLP agreement. An LLP can have an unlimited number of partners. Also, an audit up to a turnover of 40 lacs is not needed as per the LLP Act.

It is most suitable for small to medium-scale businesses. This combination will give entrepreneurs and businessmen a more structured business vehicle. Limited liability partnership registration combines the advantages of the Company and Partnership.

A partner is not liable for another partner’s negligence. LLP has fewer compliances under the Act. LLP formation offers simple and flexible procedures for management. It has less compliance in comparison to other entities.

LLP Agreement manages flexibility in Limited Liability Partnership. LLP Act, 2008 will govern the LLP in the absence of an LLP agreement. LLP registration is a complete online procedure.

Advantages of Limited liability partnership



A LLP is a separate legal entity. LLP partners assumes limited liability only as per the law.



A LLP is a good option to generate fundings from bank or investor against profit sharing.



LLP act governs the Limited liability partnership. LLP credibility is much more as compared to other unregistered entities.



There is no limit on number of partners in a LLP. One can appoint any number of partners.



LLP have less compliances as compared to companies. LLP agreement governs the Limited liability partnerships.



LLP incorporation is easy with less documents. Fewer compliances in ROC.

Documentation for LLP registration


Passport size Photograph


Copy of PAN Card


Copy of Electricity Bil


Sale Deed (if owned)


Copy of Aadhar Card


Address Proof (Bank Statement/Mobile/Telephone Bill)


Copy of rent agreement (if rented)





Process involved in registering a Limited Liability Partnership Registration



Obtain digital signature for the partners.



Apply for the DIN (Director Identification Number) which is necessary to become a partner in the LLP.



Apply for the name approval for the LLP registration.



Registrar of Companies issues the Certificate of Incorporation which is the proof for the registration.



File for a Permanent Account Number (PAN)



File LLP agreements and open a current bank account.

Requirements for online LLP registration

    - DPIN and DSC of all the Directors
    - DPIN and DSC of all the Directors
    - There should be some amount as contribution
    - At least one Indian resident Designated Partner out of two.
    - Registered office address in India
    - Execution of LLP agreement between the partners
Sl. No. Particulars Partnership Private Limited LLP
1 Foreign Participation Foreign National cannot be the partners in a Partnership firm. Foreign national can be a member in a Company. Foreign National can be a partner in a LLP.
2 Tax Liability Taxed at 30% plus surcharge and cess as applicable. Taxed at a rate of 30% plus Surcharged education cess Taxed at a rate of 30% plus education cess
3 Transfer of Shares Not Applicable Ownership is easily transferable by the way of transfer of shares. Transfer are governed by the LLP agreement.
4 Annual Filing No return is required to be filed. Returns is required to be filed with ROC every year. Returns is required to be filed every year.
5 Audit of accounts Required to have tax audit of their accounts. Required to get their accounts audited annually. Having turnover less than 40lacs or contribution less than 25 lac in financial year required to get their accounts audited annually.
6 Rights/Duties/ Rights/Duties/ obligation of the partners/Managing Partners/ Directors Governed by Partnership deed. Governed by AOA and resolutions passed by shareholders or Directors. Governed by LLP agreement.
7 Registration Registration is optional. Registration with ROC is required. Registration with ROC is required.
8 Cost of formation Nominal cost of creating a firm. Minimum government fee for incorporation of private company is 6,000-7,000 approx/- The cost of formation of LLP is lesser than the formation of company.
Important clauses of a LLP agreement :

  • - The actual time frame of the existence of the LLP.
  • - The profit sharing model between the partners.
  • - The roles and powers to be defined for individual partner basis.
  • - Other points such as admission, expulsion, retirement, remuneration of partners.

Mandatory Compliances of a LLP every year

  • - Form 8- Statement of accounts on or before 30th, October every year
  • - Form 11-Annual return on or before 31st, march every year
  • - Statutory audit by a chartered accountant above turnover Rs 40 lac or contribution Rs 25 lac
  • - Filing of ITR

Unique Features of Limited liability partnership

    - 1. LLP firms are very flexible in terms of internal organization structure as they are simpler in nature.
    - 2. There is no limit that has been mentioned regarding the number of partners.
    - 3. Funds raising and utilization can only be done under the norms of ACT 2013.
    - 4. LLP firm is not in need to pay Dividend Distribution Tax as they are an exception by rules.
    - 5. White collar job people generally go with LLP for the flexibility it offers.
    - 6. Audit is not in LLP mandatory unlike private or public incorporations.

FAQs About Limited liability company

How can a person become a partner of an LLP?
There have to be 2 designated partners in an LLP. Any person can become a partner in an LLP by incorporation form. Forms 3 & 4 can add partners in an LLP.
Can a NRI be a partner in LLP?
Yes, provided they have valid documents. At least one of the partners should be from India and should be residing here.
Whether audit of all LLPs would be mandatory?
Not every LLP has to go for an audit by a CA. Only LLP's above turnover of 40 lacs needs to go for audit.
Can two LLP’s merge eventually?
No, it is not possible to merge two LLPs. NCLT does not allow the merger of two LLPs.
Is it possible to register a LLP as non-profit organization?
No, only Section 8 companies can be non-profit organizations
What are benefits and expectations of LLP in India?
1. From a taxation point of view LLP incorporation is like other partnership firms. 2. LLP agreement governs the LLP's. 3. LLPs have limited liability. 4. LLP is a separate legal entity. 5. Audit is not mandatory below 40 lacs turnover.
What are the guidelines for selecting the name of a LLP ?
MCA should not have an LLP name already. It should be unique and should not be obscene.

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