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Limited-Liability-Partnership
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What is Limited Liability Partnership?
A Limited Liability Partnership (LLP) in India is a modern business structure that combines the flexibility of a traditional partnership with the benefits of limited liability offered by a company. It provides partners with protection from personal liability while allowing easy management and fewer compliance requirements, making it an ideal choice for startups and small businesses.
LLP Registration in India is highly preferred due to its simple formation process and easy maintenance with minimal compliance requirements. It offers the key advantage of limited liability protection, ensuring that partners’ personal assets are safeguarded. Compared to a traditional partnership firm, a Limited Liability Partnership (LLP) provides greater security, flexibility, and credibility for startups and small businesses.
LLP Incorporation in India combines the benefits of limited liability, similar to a Private Limited Company, with the operational flexibility of a partnership firm. In a Limited Liability Partnership (LLP), partners are not held responsible for the unauthorized actions or misconduct of other partners, ensuring strong legal and financial protection. Due to its low compliance requirements and flexible structure, LLP registration is widely preferred by professionals, startups, and small or family-owned businesses.
- Selection of a suitable name
- Application to concerned ROC
- MOA and AOA
- Filing of the Forms and Documents
With the introduction of Limited Liability Partnership (Second Amendment) Rules, 2022, MCA has now made LLP registration procedure even more easier and transparent as now all the LLP forms will be web based forms. An LLP can now be incorporated with up to 5 instead of 2 Designated Partners (without DPIN). Also, with the LLP (2nd Amendment) Rules, 2022, LLPs shall be allotted their PAN and TAN along with the Certificate of Incorporation itself. Hence, no need of separate application for PAN and TAN. Procedure of LLP registration is not lengthy as you can file your incorporation form online. Online LLP registration procedure will save you a lot of time and energy. LLP registration process includes following steps:
- Obtain Digital Signature
- LLP Name Application through RUN-LLP
- Incorporation of LLP- Form FiLLiP- (Includes DIN Application and PAN and TAN Application)
- File LLP Agreement
Also, there are a few more important changes have been made through LLP (Second Amendment) Rule, 2022, which are as follows:
- There can be 5 instead of 2 Designated Partners (without having DIN) at the time of Incorporation.
- All the forms of LLP have now become web-based.
- LLPs shall be allotted their PAN and TAN along with the Certificate of Incorporation itself.
- The Statement of Account and Solvency shall now be signed on behalf of the LLP by its an interim resolution professional.
- For filing Consent of Partners, a web-based Form 9 shall be made available.
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Pricing Plan
Choose the best plan that fits you
ESSENTIAL
₹ 6,399/-
Feature :
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- LLP Incorporation Certificate
- LLP Agreement
- PAN
- TAN
- SSI/MSME Registration
- Trademark(1 application 1 class) (start ups, proprietorship and small business)
- GST Registration
- LLP Agreement
- 1st Income Tax filing for non audit assessee
- 1 Year TDS Filing upto 500 entries
- 1st Annual Filing upto turnover of Rs. 40 Lakhs
- LLP Form 8 (Statement of account and solvency)
- LLP Form 11 (Annual Return)
- DIR 3 eKYC for two Designated Partners
- Accounting and Book Keeping (up to 50 transactions)
ENHANCED
₹ 14,199/-
Feature :
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- LLP Incorporation Certificate
- LLP Agreement
- PAN
- TAN
- SSI/MSME Registration
- Trademark(1 application 1 class) (start ups, proprietorship and small business)
- GST Registration
- LLP Agreement
- 1st Income Tax filing for non audit assessee
- 1 Year TDS Filing upto 500 entries
- 1st Annual Filing upto turnover of Rs. 40 Lakhs
- LLP Form 8 (Statement of account and solvency)
- LLP Form 11 (Annual Return)
- DIR 3 eKYC for two Designated Partners
- Accounting and Book Keeping (up to 50 transactions)
ULTIMATE
₹ 22,199/-
Feature :
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- LLP Incorporation Certificate
- LLP Agreement
- PAN
- TAN
- SSI/MSME Registration
- Trademark(1 application 1 class) (start ups, proprietorship and small business)
- GST Registration
- LLP Agreement
- 1st Income Tax filing for non audit assessee
- 1 Year TDS Filing upto 500 entries
- 1st Annual Filing upto turnover of Rs. 40 Lakhs
- LLP Form 8 (Statement of account and solvency)
- LLP Form 11 (Annual Return)
- DIR 3 eKYC for two Designated Partners
- Accounting and Book Keeping (up to 50 transactions)
Frequently Asked Questions
A Limited Liability Partnership (LLP) is a business structure that combines the flexibility of a partnership with the benefit of limited liability protection for its partners.
A minimum of 2 partners is required to register an LLP, and at least one partner must be an Indian resident.
LLP offers limited liability protection, lower compliance requirements, flexible management, and cost-effective business operations compared to companies.
The LLP registration process typically takes 7–14 working days, depending on document verification and approvals.
Timely submission of TDS returns to avoid penalties.
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