Limited Liability Partnership
Simplifying the process of company incorporation for your business.
What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a corporate business structure that combines the advantages of a partnership with those of a limited liability company. It is suitable for businesses seeking flexibility and minimal compliance requirements.
- Limited liability for all partners.
- Separate legal entity from its partners.
- No requirement for minimum capital contribution.
- Flexible structure with fewer compliance obligations.
Why Choose LLP Registration?
- Limited Liability Protection – Partners’ personal assets are safe, with liability limited to their investment.
- Ideal for Professionals & Small Businesses – Perfect for consultants, legal firms, accountants, and startups.
- Easy Ownership Transfer & Management – Partners can be added or removed without business disruption.
- Tax Advantages – Lower tax burdens, no dividend tax, and flexible profit-sharing.
- Separate Legal Entity – Can own property, enter contracts, and operate independently.
- Less Compliance Burden – Fewer regulations and reporting requirements than private companies.
- No Minimum Capital – Start with minimal investment, making it cost-effective.
Documents Required for LLP Registration
- Partners’ Documents:
- PAN Card (mandatory for all partners)
- Passport-size photograph
- Aadhaar Card, Voter ID, or Driver’s License (as address proof)
- Registered Office Proof:
- Electricity, Water, Telephone Bill, or Latest Bank Statement
- Sale Deed/Property Deed (if owned)
- Notarized Rental Agreement (if rented)
- NOC from the Property Owner (format provided)
- Additional Requirements:
- Digital Signature Certificate (DSC) for designated partners
- Passport (for Foreign Nationals/NRIs)
Mandatory Criteria for LLP Registration
To register a Limited Liability Partnership (LLP) in India, the following requirements must be met:
- Minimum Two Partners – At least two individuals or entities are required to form an LLP. There is no upper limit on the number of partners.
- At Least One Designated Partner Must Be a Resident of India – One of the designated partners must have stayed in India for at least 182 days in the preceding financial year.
- Unique LLP Name Approval – The proposed name must be unique and compliant with the Ministry of Corporate Affairs (MCA) guidelines.
- Registered Office Address – The LLP must have a valid office address in India (residential or commercial). Proof such as an electricity bill and a No Objection Certificate (NOC) from the owner is required.
- Digital Signature Certificate (DSC) – All designated partners must obtain a DSC to sign electronic documents during the registration process.
- Director Identification Number (DIN) or Designated Partner Identification Number (DPIN) – Each designated partner must obtain a DPIN/DIN from the MCA portal.
- LLP Agreement Filing – An LLP agreement outlining partners’ roles, profit-sharing, and operational structure must be executed and filed with the registrar within 30 days of incorporation.
- Compliance with FDI Rules (If Applicable) – If the LLP has foreign investment, it must comply with Foreign Direct Investment (FDI) regulations set by the Reserve Bank of India (RBI).
Steps to Register
Choose a Business Name
Select a unique name that aligns with your business activities and is not trademarked.
Obtain a PAN Card
Each designated partner must apply for a DPIN/DIN through the Ministry of Corporate Affairs (MCA) portal.
Register the Business Address
Provide address proof with utility bills, a rental agreement, or property documents.
Apply for Business Registrations (If Required)
GST registration is required for turnover above ₹20 lakh (₹10 lakh in special states), along with licenses like Shop & Establishment, MSME (Udyam), FSSAI for food businesses, and IEC for import-export.
Open a Business Bank Account
Use PAN, business address proof, and registration documents to open a current account.
Maintain Tax & Compliance Filings
File income tax returns under the proprietor’s PAN. Submit GST returns if registered under GST.