Entity Formation

Limited Liability Partnership (LLP) Registration

A Limited Liability Partnership (LLP) blends the operational ease of a traditional partnership with the corporate safeguard of limited liability under the LLP Act, 2008. It is particularly well-suited for professional firms, consultancies, service providers, and closely held businesses that do not require venture capital equity dilution.

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Key Benefits & Strategic Protection

Limited Liability: Partners are not personally liable for the debts or liabilities of the partnership or actions of other partners
No Minimum Capital Mandate: Incorporation can occur with any mutually agreed contribution amount
Lower Compliance Overhead: No requirement to hold mandatory quarterly board meetings or maintain complex secretarial registers
Audit Exemption: Statutory audit is not mandatory if turnover remains below ₹40 lakhs and capital contribution is under ₹25 lakhs
Tax Efficiency: Profits distributed to partners after entity-level taxation are exempt in the hands of partners under Section 10(23A)

Incorporation & Setup Process

1. DSC Procurement

Obtaining Class 3 Digital Signatures for all designated partners.

2. Name Approval (RUN-LLP)

Reserving unique LLP name on the MCA portal.

3. FiLLiP Filing

Submitting the incorporation form FiLLiP along with DPIN allotment and address proofs.

4. Certificate of Incorporation

Receipt of Certificate of Incorporation and LLP Identification Number (LLPIN).

5. LLP Agreement Execution (Form 3)

Drafting, stamping, and filing the LLP Agreement within 30 days of incorporation.

Required Documents

PAN and Government ID proof of all partners
Address proof of all partners (Bank statement, Electricity bill)
Registered office address proof (Utility bill + Rent agreement + NOC)
Draft LLP Agreement outlining profit sharing, capital contribution, and partner duties

Statutory Compliance Overview

Annual filing of Statement of Account & Solvency (Form 8) on or before October 30, and Annual Return (Form 11) on or before May 30.

Frequently Asked Questions

Can an LLP raise equity venture capital?

LLPs cannot issue shares or convertible notes. Venture capital funds and institutional investors typically mandate conversion into a Private Limited Company before investing.

What happens if the LLP Agreement is not filed within 30 days?

Filing Form 3 beyond 30 days attracts a late fee of ₹100 per day of delay under the amended LLP rules.

Need support setting up your LLP Registration?

Our incorporation desk validates naming suitability and coordinates end-to-end filings.

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