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Limited Liability Partnership (LLP)

The LLP is a body corporate and a legal entity separate from its partners. Limited Liability Partnership Registration is ideal for small and medium-sized businesses with LLP, it is a hybrid of Private Limited Company and traditional Partnership Firm.

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@ 7900/-

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Required Documents

Identity and Address Proof- Only scanned copy required

  • Self-attested PAN Card or Passport (For Foreign Nationals & NRIs)
  • Self Attested Identity Proof (Voter’s ID/Passport/Driver’s License/Aadhar Card)
  • Copy of the latest 2-month old (Bank statement/Telephone or Mobile bill/Electricity /Gas bill)
  • Passport-sized photograph
  • Email Id and Mobile Number

Notes:All the documents submitted should be valid. The residence proof documents such as the electricity bill or bank statement must be less than 2 months old.

Registered Office Proof - Only Scanned Copy

  • Copy of Notarized rental agreement in English if the premises are rented
  • Copy of No-objection certificate from the property owner
  • Copy of Electricity Bill / Gas Bill / Telephone Bill / Mobile Bill in English (in case of owned/Rented property)

Note: It is not necessary to have a commercial space as registered office of the company; you can use your house address as registered office for communication purpose as well.

Required Information:

Advantage
Separate Legal Entity
LLP enjoys the advantages of a separate legal identity within the meaning of the law, which clearly states that company assets and liabilities are not partner assets and liabilities.
Limited Liability of Partners
The partners of an LLP are not liable to bring any further personal contribution for settlement of dues of the company, over and above their capital contribution.
Perpetual Succession
Like a company, its existence continues even after the exit/retirement/death of partners.
No Minimum Capital
No minimum capital is required for LLP incorporation. It can be even registered with Rs. 1,000 as total capital contribution from a partner.
Simple procedures for transfer of Ownership
The interest in limited partnerships has no influence on their existence, as they can be easily transferred through the introduction of a new designated partner in the LLP and are independent legal en... View More
Audit is not compulsory
LLPs having a capital amount of lower than Rs. 25 lakh and turnover below Rs. 40 lakh per year do not require any formal audits.

REGISTRATION PROCESS

Process To Start Limited Liability Partnership

01
Obtain DSC & Reserve LLP Name
Apply for DSC and DIN of proposed partners. Check for LLP’s Name availability, apply for LLP Name Approval.
02
Filing for Incorporation
The application of New LLP Registration is filed in FILIP Form immediately after name approval. The issuance of the registration certificate of LLP is conclusive proof of the LLP registration by ROC.
03
Filing of LLP Agreement
The LLP agreement defines the mutual rights and duties of the partners. The duly signed & Notary Attested LLP Agreement is then filed with ROC in Form -3 within 30 days of the LLP Incorporation.
04
Obtain PAN & TAN
Apply for PAN &TAN. Once PAN and TAN is received, you may then proceed to open the Bank Account in the name of your Limited Liability Partnership, once PAN is allotted.
COMPLIANCE REQUIRED BY LIMITED LIABILITY PARTNERSHIP
GST REGISTRATION

Every LLP is required to get their GST registration. GST Registration Process is 100% online and there is no requirement of submission of physical documents to GST Department. GST registration must be... View More

GST RETURN

Once a Limited Liability Partnership gets registered under GST It becomes necessary to file GST returns for LLPs. As filing of GST returns is mandatory for all the registered Taxpayers including LLPs.... View More

ACCOUNTING

Every LLP shall maintain and keep the accounting records which sufficient to show and explain the transaction of an LLP and which discloses with reasonable accuracy the financial position of the LLP. ... View More

ROC ANNUAL FILING

LLPs are required to file ROC Form 8 before 30th October every year. Form 8 contains details of the Statement of Accounts and solvency. Also, LLPs are required to file ROC Form 11 before 30th May ever... View More

AUDIT UNDER IT ACT

Every Limited Liability Partnership whose turnover exceeds INR 2 Cr. In case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited under section 44... View More

IT RETURNS

Every Limited Liability Partnership has to file the Income Tax Returns every year, irrespective of its transactions. It must be filed by LLP on or before 31st July (if not covered under audit) or 30th... View More

FORM 3 CEB FOR LLP

For LLPs which have entered into any international transactions with associated enterprises or have undertaken specified Domestic Transactions, need to file Form 3CEB. This form should be certified by... View More

MAT AUDIT FOR LLP

It is mandatory for the LLPs to get their accounts audited under MAT i.e. Minimum Alternate Tax. A report in form 29b is to be issued by a Practicing Chartered Accountant which certifies that MAT has ... View More

OUR PRICING PLANS

Choose Your Affordable Pricing plans.

Basic Package

7900/-

Rs. 7000+ GST Rs.900/
(All Inclusive)
  • 2 Digital Signature Certificates Class 3
  • Designated Partner Identification Number (DPIN)
  • LLP Name Approval
  • LLP Deed Drafting
  • Incorporation Fees
  • 1 Lakh Capital
  • Incorporation Certificate
  • GST Registration
choose plan

Standard Package

14300/-

Rs. 12500+ GST Rs.1800/
(All Inclusive)
  • 2 Digital Signature Certificates Class 3
  • Designated Partner Identification Number (DPIN)
  • LLP Name Approval
  • LLP Deed Drafting
  • Incorporation Fees
  • 1 Lakh Capital
  • Incorporation Certificate
  • GST Registration
  • PAN & TAN
  • 6 Month GST Return Filing GSTR 3B & GSTR 1
choose plan

Premium Package

20880/-

Rs. 18000+ GST Rs.2880/
(All Inclusive)
  • 2 Digital Signature Certificates Class 3
  • Designated Partner Identification Number (DPIN)
  • LLP Name Approval
  • LLP Deed Drafting
  • Incorporation Fees
  • 1 Lakh Capital
  • Incorporation Certificate
  • GST Registration
  • PAN & TAN
  • 12 Month GST Return Filing GSTR 3B & GSTR 1
choose plan
FAQs
What is an LLP?

An LLP is a new form of body corporate introduced in India through the LLP Act, 2008. An LLP in India is an advancement over the existing partnership firm with advantages of corporate structure such as the limitation on the liability of the partners. An LLP is considered as a separate legal entity, perpetual succession, with the liability of partners limited to the capital being contributed by them. Hence, a shareholder is not personally liable for the debts of the company.

Is LLP a better business type to raise funds from private investors?

We are of the considered view that a private limited company is a better option for raising investment from the private investor as the company’s act have elaborate provisions dealing with shares and its transfer. The LLP Agreement governs the relationship between the partners and their capital structure. Hence in case your business is capital intensive, or you intend to raise money from investors, it is better to incorporate a company.

Who prefers to register LLPs?

An LLP is an advancement over a partnership firm with the features of the corporate form of business, and the LLP's are most suitable for professionals like CAs, CS, Advocates, Engineers, Doctors and small businesses with low turnover. Kindly note that there is no restriction in the law concerning the suitability of the LLP vis a vis any form of business.

Who can be a partner in an LLP?

Any person capable of entering into contracts such as an individual, company or foreign national can be a partner in an LLP.

What is the difference between Partners and Designated Partners?

In contrast, a designated partner is a designation of responsibility and is responsible for the compliance of all the laws applicable on the LLP and the LLP Act 2008 in particular. In case there is any default then the designated partners are penalised with fine, additional fee and penalty.

Who will be appointed as designated partners in case all the partners are corporate bodies?

The designated partners need to be an individual. In case, all the designated partners can be the nominee or authorised representative of such corporate partners. Please note that there must be two designated partners in the LLP. A company can also be partner in an LLP.

What are the responsibilities of a designated partner in the LLP?

The most important responsibility is the compliance with several laws applicable on the LLP, such as LLP Act, GST and income tax. A designated partner is liable for misconduct or fraud or if found guilty of default.

How to add partners in LLP?

The new partner can be added with the consent of all other partners of the LLP and in compliance with the LLP Agreement. The process of appointing a new partner is to convene a meeting of all the existing partners and then pass a resolution. The reporting of the new partner addition is made to the ROC in form 4 as the LLP agreement shall also change, the same need to be filed with the ROC in Form 3.

Can a Salaried person become a Partner in LLP?

Yes, there is no legal restriction on a person in the employment to become a partner of a designated partner in the LLP. However, you should check the employment documents such as offer letter, appointment letter, terms of employment and the general policy of HR to find if there is any restriction imposed by the employer upon you.

How to add partners in LLP?

The new partner can be added with the consent of all other partners of the LLP and in compliance with the LLP Agreement. The process of appointing a new partner is to convene a meeting of all the existing partners and then pass a resolution. The reporting of the new partner addition is made to the ROC in form 4 as the LLP agreement shall also change, the same need to be filed with the ROC in Form 3.

I wish to start my business but I am confused between Private Limited Company and LLP, what should I select?

Private Limited Company and LLP have a lot of similarities yet they both are different in many of its characteristics and structures. When you wish to start your business, there are many factors that one needs to think upon before selecting any business structures. However, before selecting any business structure, you may refer Partnership Firm vs. Private Limited Company vs. LLP

Can an existing partnership firm be converted to LLP?

Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of the LLP Act.

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 the LLP Act.

Whether any Annual Return would be required to be filed by an LLP?

Every LLP would be required to file Annual Return with ROC. A duly authenticated Annual Return in e- Form-11, is to be filed with the Registrar, together with the prescribed fee, within a period of 60 days from the closure of every financial year.

What are the documents required to be filed by a LLP annually?

LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually. The ‘Annual Return’ is required to be filed within 60 days of close of the financial year and ‘Statement of Accounts & Solvency’ shall be filed within 30 days from the end of six months of the financial year to which it relates. Every LLP has to maintain uniform financial year ending on 31st March of a year.