LLP Registration

Overview

A Limited Liability Partnership (LLP) combines the flexibility of a partnership with the limited liability of a company. Registered under the LLP Act, 2008, it is a separate legal entity where partners are not personally liable for each other's actions, and it carries lighter annual compliance than a private limited company.

Objective

To give professionals and small businesses a low-compliance structure with limited liability and a separate legal identity.

Characteristics

• Separate legal entity under the LLP Act, 2008
• Partners' liability limited to their agreed contribution
• No minimum capital requirement
• At least 2 designated partners, one resident in India
• Lighter annual compliance than a company

Eligibility

• At least 2 partners, with no upper limit
• At least 2 designated partners who are individuals, one resident in India
• A unique LLP name
• A registered office address in India

Governing law

• Limited Liability Partnership Act, 2008
• LLP Rules, 2009

The process

1. 1
   DSC & DPIN

   We obtain Digital Signatures and Designated Partner Identification Numbers.

2. 2
   Name reservation

   We reserve the LLP name through the RUN-LLP service.

3. 3
   Incorporation (FiLLiP)

   We file the incorporation form with the MCA.

4. 4
   LLP Agreement

   We draft and file the LLP Agreement within 30 days of incorporation.

Documents required

• PAN card and photo of each partner
• Identity and address proof of each partner
• Registered office proof with a no-objection letter
• Passport for any foreign partner

Benefits

• Limited liability for all partners
• Lower compliance and cost than a company
• No minimum capital requirement
• Separate legal entity with perpetual succession

What you get

Certificate of Incorporation of the LLP, LLPIN, PAN, TAN and the filed LLP Agreement.

Frequently asked questions