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Start your business with the flexibility of a partnership and the benefits of limited liability through our hassle-free LLP incorporation service.
Get your LLP registered along with complete compliance support to ensure your business stays legally compliant and stress-free throughout the year.
A Limited Liability Partnership (LLP) is a contemporary business structure that combines the flexibility of a partnership with the limited liability protection of a company. Introduced in India in 2008 under the Limited Liability Partnership Act, it offers partners protection from personal liability for business debts while maintaining operational simplicity.
For businesses operating within India with Indian partners only.
For LLPs with foreign partners or foreign LLPs establishing in India.
For professionals like CAs, lawyers, architects, company secretaries.
For innovative ventures seeking Startup India recognition.
Existing partnerships/companies converting to LLP structure.
Single-member LLP allowed for limited period (6 months).
LLP exists as distinct legal entity separate from partners. Can own assets, incur liabilities, and enter contracts in its own name.
Partners' liability limited to agreed contribution. Personal assets protected from business debts and losses.
Continues to exist regardless of partnership changes. Death, retirement, or insolvency doesn't affect LLP existence.
Minimum 2 partners required, no maximum limit. At least 2 designated partners (individuals), one must be Indian resident.
No minimum capital requirement for formation. Partners contribute as per mutual agreement in LLP Agreement.
Fewer regulatory requirements than companies. No statutory audit if turnover ≤ ₹40 lakhs.
Shields partners' personal assets from business liabilities. Financial risk limited to capital contribution only.
Avoids double taxation. No dividend distribution tax on profit distribution to partners.
Fewer statutory compliances than private companies. Audit required only if turnover > ₹40 lakhs.
Internal management as per LLP Agreement. Easy entry/exit of partners with mutual consent.
Enhances business reputation and trust. Better access to credit facilities and government tenders.
No limit on number of partners. Easy to add new partners for business expansion.
Despite advantages, LLPs have certain restrictions that businesses should evaluate.
Cannot issue shares like companies. Limited options for equity funding from investors.
Strict penalties for delayed filings. Even dormant LLPs must file annual returns.
Must have minimum 2 partners. Can be dissolved if partners <2 for 6 months or unable to pay debts.
Cannot be formed for non-profit activities. Certain prohibited sectors by government.
RUN-LLP: Name reservation
Form FiLLiP: Incorporation form
Form 3: LLP Agreement filing
Mandatory Requirement: All designated partners must obtain DSC from licensed authorities (eMudhra, Sify, NSDL). Required for signing electronic documents on MCA portal.
Designated Partner Identification: File Form DIR-3 with PAN, photograph, address proof. DPIN issued upon approval - valid for entire LLP tenure.
Name Approval: File RUN-LLP form with up to 6 name options. Must comply with MCA guidelines and end with "LLP" or "Limited Liability Partnership".
Submit FiLLiP Form: With subscriber sheet, DIR-9 consent, registered office details, partner information, and capital contribution details.
Draft & File Agreement: Detailed LLP Agreement outlining rights, duties, profit-sharing. Must file Form 3 within 30 days of incorporation.
ROC Approval: Registrar issues Certificate of Incorporation with LLPIN (7-digit alphanumeric code). Official proof of LLP existence.
Essential Setup: Obtain PAN & TAN, open bank account, register for GST (if applicable), file ITR-5, and comply with annual filings (Form 11 & Form 8).
What is LLPIN? Unique 7-digit alphanumeric code issued by Registrar of Companies upon incorporation.
What it is: Official MCA document confirming successful LLP registration.
Steps to Check Status:
Limited liability ✓
Separate legal entity ✓
Perpetual succession ✓
Lower compliance ✓
No dividend tax ✓
Flexible management ✓
Liability protection ✓
Credibility ✓
Growth potential ✓
Scope: Foundational framework for formation, operation, and dissolution of LLPs. Defines legal structure and partner rights.
Scope: Procedural aspects including registration, conversion, and compliance requirements. Operational guidelines.
Scope: Provisions for conversion of companies into LLPs. Guidelines for transition from company to LLP structure.
Scope: Taxation framework for LLPs. Defines tax treatment, deductions, and exemptions for LLP entities.
Scope: Regulates foreign investment in LLPs. Compliance requirements for LLPs with foreign partners.
Scope: Governs LLP Agreement validity. Ensures enforceability of partnership terms and conditions.
Connect with Compliance 360 and let our experts handle the legal hassle while you grow your business.
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Our team has practical experience in handling LLP registrations across multiple industries, ensuring accurate and compliant setup.
We assist you at every stage of LLP registration, from name approval to incorporation and initial compliance.
We help structure your LLP in a way that supports operational flexibility and long-term tax efficiency.
Our pricing is straightforward with no hidden costs, giving you complete clarity before starting the registration.
We prepare and file all LLP documents and forms, including submissions with the Ministry of Corporate Affairs.
By managing filings and follow-ups on your behalf, we save your time and let you focus on growing your business.
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