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LLP Registration

Online Limited Liability Partnership Registration (LLP)

Limited Liability Partnership (LLP) is a contemporary and advantageous business structure. Blending the strengths of partnership dynamics and the security of limited liability, an LLP registration in India offers a versatile platform for entrepreneurs to collaborate and innovate confidently.
  • DPIN and DSC
  • Fees & Stamp duty
  • LLP Incorporation Certificate
  • LLP PAN and TAN
  • Draft of LLP agreement

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    Starter Plan

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    Table of Content

    • Limited Liability Partnership (LLP) Registration - Overview
    • Main Features of Limited Liability Partnership (LLP)
    • LLP Incorporation Process
    • Documents Required for LLP Registration in India
    • Taxation of LLP & Its Partners
    • Key Income Tax & ROC Filing Compliances for LLPs

    Limited Liability Registration (LLP) Registration in India

    Entrepreneurs who are planning for large-scale business operations can start a Public Limited Company registration in India. Unlike private companies, PLCs can raise funds from the general public by offering shares on stock exchanges. This allows them to access a wider pool of capital for growth.
    Getting your LLP registered in India is super easy with bookmycompliance. Many businesses trust us to help them register their Limited Liability Partnerships and ensure they follow the rules. Our team of experts will guide you through the online registration process from beginning to end. It’s the fastest and cheapest way of LLP company registration, all you have to do is just reach out to us. Start now and set yourself up for a successful business future with LLP registration online.

    Public Limited Company Registration - Overview

    The Limited Liability Partnership (LLP) Act, 2008 is the legislation that governs the formation, regulation, and dissolution of Limited Liability Partnerships (LLPs) in India. t provides businesses with a structure that combines the flexibility of a partnership with the limited liability of a company, making it an attractive option for entrepreneurs, professionals, and small-to-medium enterprises looking for a cost-effective and adaptable way to do business in India. The Ministry of Corporate Affairs (MCA) is the regulatory authority responsible for overseeing LLP registrations, compliance, and related processes in India.
    A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership with the benefits of limited liability (similar to a company). Here are the main features of an LLP:

    Main Features of Limited Liability Partnership (LLP)

    Limited Liability

    Limited Liability Partners have limited liability to the extent of their capital contribution, protecting personal assets from business debts.

    Separate Legal Entity

    Separate Legal Entity LLP is a separate legal entity, distinct from its partners, capable of owning property and entering contracts.

    Flexibility in Management

    Flexibility in Management LLP allows flexible management and operations, unlike a traditional company, with decisions made by partners.

    No Minimum Capital Requirement

    No Minimum Capital Requirement There is no minimum capital requirement to form an LLP, offering a low entry barrier.

    Perpetual Succession

    Perpetual Succession LLP continues to exist even if partners change, ensuring business continuity.

    Taxation

    Taxation LLPs are taxed as separate entities, and income is taxed at a lower rate compared to other business structures.

    No Requirement for Annual AGM

    No Requirement for Annual AGM Unlike companies, LLPs are not required to hold Annual General Meetings (AGMs), reducing formalities.

    Fewer Compliance Requirements

    Fewer Compliance Requirements LLPs face less stringent compliance regulations and minimal reporting compared to corporations.

    Ownership & Partnership Flexibility

    Ownership & Partnership Flexibility Partners can transfer ownership by altering the partnership agreement, with no restrictions on shareholding.

    No Audit Requirement (Below Limit)

    No Audit Requirement (Below Limit) LLPs with an annual turnover of less than ₹40 lakhs or capital below ₹25 lakhs are exempt from mandatory audits.

    These features make the LLP an attractive option for small and medium businesses, professionals, and entrepreneurs looking for a flexible, cost-effective, and safe business structure.

    LLP Incorporation Process

    Here’s a detailed and expanded checklist for incorporating a Limited Liability Partnership (LLP) in India:
    1. Choose a Unique LLP Name

    • Check Name Availability: Ensure the name is unique and doesn’t conflict with existing trademarks or company names. You can check name availability on the MCA portal.
    • Naming Guidelines: The name must end with “LLP” or “Limited Liability Partnership.”
    • Reserve Name: If needed, file Form 1 for name approval via the MCA portal.

    2. Obtain Digital Signature Certificate (DSC)

    • Required for Filing: A valid DSC is needed for all partners (designated partners) to sign forms and documents electronically.
    • Process: Obtain a DSC from a government-recognized certifying authority.

    3. Obtain Director Identification Number (DIN)

    • Mandatory for Designated Partners: At least two designated partners need to have a valid DIN. If they don’t have one, they must apply using Form DIR-3.
    • Verification: Verify the identification and documents of each designated partner (e.g., passport, Aadhaar).

    4. Draft the LLP Agreement

    • Key Components: The agreement should outline:
    o Profit-sharing ratio
    o Roles and responsibilities of partners
    o Contribution of each partner
    o Management structure
    o Termination, resignation, or transfer of ownership
    • Notarization: Once the agreement is drafted, it must be signed and notarized by all partners.

    5. File the Incorporation Documents with the MCA

    • Form FiLLiP (Filing of Incorporation for LLP): This form needs to be filed online through the MCA portal. Attach the following documents:
    o Proof of Address: Utility bills, rental agreement, or any valid document showing the office address.
    o PAN Card of Partners: A copy of the PAN cards for all designated partners.
    o ID Proof: Valid identity proof for each partner (Aadhaar, passport, voter ID, etc.).
    o Photographs: Passport-sized photographs of all partners.
    o DSC of Partners: Attach the DSC for electronic submission.

    6. Obtain Certificate of Incorporation

    • Once the forms and documents are successfully submitted and verified, the MCA will issue the Certificate of Incorporation.
    • The LLP is now a legal entity and can begin operations officially.

    7. Apply for PAN and TAN

    • PAN (Permanent Account Number): Apply for the LLP’s PAN card, which is essential for tax purposes.
    • TAN (Tax Deduction and Collection Account Number): If the LLP plans to deduct taxes at source (TDS), it must apply for a TAN.

    8. Register for GST (Goods and Services Tax)
    • Threshold Limit: If the LLP’s annual turnover exceeds the prescribed GST threshold or if it deals in interstate supplies, GST registration is mandatory.
    • Process: Apply for GST registration on the GST portal after receiving the PAN.
    9. Open a Bank Account

    • After receiving the Certificate of Incorporation, PAN, and TAN, open a business bank account in the name of the LLP. The bank will require:
    o Certificate of Incorporation
    o LLP Agreement
    o PAN of the LLP
    o Proof of address for the registered office
    o Identity proof of the partners

    10. Obtain Other Licenses and Registrations (if applicable)

    • MSME Registration: If the LLP qualifies as a Micro, Small, or Medium Enterprise, it can benefit from government schemes and subsidies.
    • FSSAI Registration: If the LLP deals in food products, it will require FSSAI registration.
    • Import Export Code (IEC): For businesses engaged in international trade.
    • Industry-Specific Licenses: Depending on the nature of the business, additional licenses may be needed (e.g., trade licenses, pollution control permits, labour law registrations).

    11. Comply with Post-Incorporation Requirements

    • Statutory Filings: LLPs are required to file an Annual Return (Form 11) and Statement of Accounts and Solvency (Form 8) every year with the MCA.
    • Accounting Records: Maintain proper accounting records, even if the LLP is not required to undergo an audit (for LLPs with turnover below the prescribed limit).

    Tax Filing: File income tax returns on time and maintain compliance with GST regulations.

    Related Business Registrations

    In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.

    Private Limited Company Registration

    Public Limited Company Registration

    One Person Company Registration

    GST
    Registration

    Producer Company Registration

    Income
    Tax Audit

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