Limited Liability Partnership Registration

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Only ₹ 3999 *Govt. Fees Applicable

Why choose an LLP?

Limited liability partnership is a hybrid form of incorporated business structure with limited liability and features of a partnership.

The benefits of a partnership and a limited liability company are combined in a Limited Liability Partnership (LLP). This unique concept of limited liability partnership is most adaptable for establishing small and medium-sized businesses. The mission of LLP is to establish a simple business structure that benefits owners with limited liability.

Documents Required for
LLP Registration

Copy of PAN Card of partners

Copy of Aadhaar Card

Copy of rental agreement (if business premises is rented)

Electricity/ Water bill/ Telephone bill/ bank statement (latest two months) as proof of address

Passport size photograph of partners

Copy of Voter identity card/ Driver’s license as Identity proof

Passport (in case of Foreign Nationals/ NRIs)

Copy of NOC from the property owner

Minimum Requirements to
Register LLP in India

Minimum 2 Partners

At least one designated partner should be an Indian resident.

Each partner is required to contribute towards capital on an agreed basis

Minimum Authorized capital of 1 lakh

If a body corporate is a partner, a natural person should be nominated as its Nominee

Benefits of a
Limited Liability Partnership

Minimal Compliance

LLP’s does not have many compliance requirements. LLP’s are only required to annually file Statement of Accounts and Solvency and an Account return, the LLP is mandate to file only these respective two statements a year.

Minimum Capital requirement

The LLP can be formed in the absence of a minimum capital requirement. An LLP can be formed with the least possible capital. Moreover, the contribution of a partner can consist of tangible, movable or immovable or intangible property or other benefits to the LLP

Separate Legal Entity

An LLP is a separate legal entity from the partners in it, which means the entity is separate from its members and officers. Limited liability protects the member’s personal assets from the liabilities of the business.

Better flexibility

The functioning of LLP is quiet flexible compared to other types of company as the operations of an LLP are determined by LLP agreement or contract, which is based on the mutual decisions of the company’s members . In addition to that transfer of ownership can be done by simply inducting an individual as designated partner in LLP.

Process of Registering LLP

Obtaining DSC and DPIN

Because digital signatures must be obtained initially for two partners, they are required for all online form submissions. Along with DSC partners should obtain Designated Partner Identification Number (DPIN) from Ministry of Corporate affairs.

Application For Name Approval

Name approval can be done online, and the registrar will only approve the name if it is acceptable. The name should not be similar to any of the existing partnership firms, LLPs, trademarks, or body corporates.

Drafting LLP Deed

Next step is drafting LLP Agreement; the partnership deed is the charter document of a partnership firm. It is very crucial in a limited liability partnership as it determines the mutual rights and duties amongst the partners, and between the LLP and the partners.

Submission of required forms for registration

Next step is submission of necessary forms and documents with registrar. Once the registrar approves all the documents LLP incorporation certificate will be issued along with PAN and TAN of the LLP.

Frequently Asked Questions

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Is it possible to convert an existing partnership firm to an LLP?

Yes, an existing partnership firm can be converted into an LLP by following the requirements of clause 58 and Schedule II of the LLP Act.

What is DPIN?
A Designated Partner Identification Number is a unique identifier assigned to all existing and proposed Designated Partners of an LLP. No individual can be appointed as a designated partner, unless the Ministry of Corporate Affairs has allotted DPIN to him/her.
What is the minimum capital requirement in an LLP?
There is no minimum capital requirement to start an LLP. In addition to that partner can contribute both tangible and intangible assets into the LLP.
What is an LLP agreement?
The mutual rights and duties of partners inter se and those of the LLP and its partners shall be governed by the agreement between partners or between the LLP and the partners. This Agreement would be known as “LLP Agreement”.
Can an existing company be converted to LLP?
Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act.
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