A Limited Liability Partnership (LLP) combines the flexibility of a partnership with the limited liability protection of a company. It is governed by the LLP Act, 2008, and is ideal for professionals, consultants, and small to medium businesses. Here is your complete guide to LLP registration in India.
LLP vs Traditional Partnership
| Feature | LLP | Partnership |
|---|---|---|
| Liability | Limited to contribution | Unlimited personal liability |
| Legal Entity | Separate legal entity | Not a separate entity |
| Perpetual Succession | Yes | No |
| Audit Requirement | Only if turnover > Rs. 40 lakhs | If turnover exceeds threshold |
| Annual Compliance | Form 8 & Form 11 with MCA | Income tax return only |
| Minimum Members | 2 Designated Partners | 2 Partners |
Step-by-Step LLP Registration Process
Obtain DSC for Designated Partners
All designated partners must obtain Digital Signature Certificates from an authorized certifying agency. This is required for digitally signing MCA forms.
Apply for DPIN (Designated Partner Identification Number)
DPIN is now allotted through the FiLLiP form. Submit identity and address proofs for all designated partners.
Name Reservation via RUN-LLP
File the RUN-LLP form with MCA to reserve your preferred LLP name. You can suggest up to 2 names. MCA approves or rejects within 1-3 days.
File FiLLiP Form (Incorporation Form)
Submit the FiLLiP (Form for Incorporation of LLP) with details of LLP, registered office, partners, and their contributions. Pay the applicable fees.
Upload Documents
Upload consent of partners (Form 9), subscriber sheet, address proof of registered office, identity & address proof of partners, and NOC from property owner.
Certificate of Incorporation
After verification by ROC, the Certificate of Incorporation is issued with the unique LLPIN. Your LLP is now a legally registered entity.
File LLP Agreement (Form 3)
The LLP Agreement must be filed with MCA within 30 days of incorporation. This defines the rights, duties, and obligations of partners and the LLP.
Obtain PAN, TAN & Bank Account
Apply for PAN and TAN for the LLP (if not allotted via FiLLiP). Open a current bank account in the LLP name and complete GST registration if applicable.
Annual Compliance for LLPs
Statement of Account & Solvency
Annual Return
Income Tax Return
Tax Audit under Section 44AB
Need Help with LLP Registration?
Pujara & Co handles the complete LLP formation process. From name reservation to LLP agreement filing, we take care of every step.