LLP Registration
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners.
Registration of a Limited Liability Partnership Firm
What is a Limited Liability Partnership Firm?
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence.
Why register an Limited Liability Partnership Firm?
The most vital reason for registering as LLP is the limited liability. The members of the firm are only liable for a small amount of debt incurred by it. This is entirely different from proprietorship and partnership where the personal assets of directors and partners are not protected if the business becomes bankrupt.
Difference between LLP & Company?
Private limited company registration process and the LLP registration process are very similar with some differences in the documents and forms filed for incorporation.
Cost: The cost for the incorporation of a private limited company or an LLP is
similar.
Features: Both LLP and Private Limited Company offer many of the same features. LLP
and Private Limited Company are both separate legal entities and have assets and liabilities that
are separate from that of the promoters. LLP offers more flexibility with respect to internal
governance and transfers.
Fundraising: A private limited company can raise funds from Angel Investors,
Private
Equity Funds, Venture Capitalists, banks and NBFCs. An LLP can raise funds from
Partners, Banks and NBFCs.
Benefits of forming up a LLP
Key advantages which make LLP an attractive choice for small businesses and partnerships
Separate Legal Entity
LLP is a separate legal entity from the partners. Each partner can sue or be sued in the firm's name.
Flexible Agreement
Ownership and internal arrangements are defined by LLP agreement — providing flexibility in management.
Suitable For Small Business
LLPs with turnover under statutory thresholds have simpler compliance obligations — suitable for startups and small firms.
No Owner / Manager Distinction
Partners manage and own the LLP — governance can be tailored in the LLP agreement.
Procedure of LLP Registration
A quick overview of the steps involved in forming an LLP
Document submission
Identify the 2 or more partners and submit identity, address & proof of residence.
Name Approval
Apply for proposed LLP name through RUN/LLP name reservation with MCA.
Digital Signature
Obtain DSC for proposed partners — required for signing incorporation forms.
Filing of Form FiLLiP
Submit FiLLiP/IN forms along with documents to MCA for LLP incorporation.
LLP Agreement
Draft and file LLP agreement within stipulated time after incorporation.
PAN, TAN & Current Account
Apply for PAN/TAN and open current account after certificate of incorporation.
Documents Required for Registration of LLP
Prepare these documents before beginning the LLP incorporation process
Proof of Identity
Aadhaar, Passport, Voter ID or Driving License of partners.
Proof of Residence
Utility bill, bank statement or rent agreement.
Proof of Registered Office
NOC / Rent agreement / Utility bill of office.
LLP Agreement
Drafted agreement between partners (to be filed post-incorporation).
Declaration by Partners
Consent and declaration forms signed by partners.
Other Required Info
Shareholding pattern, business proof, and additional declarations if required.
Additional Information
All documents must be self-attested. Declarations, partner consents and other statutory forms will be prepared by our legal experts during the process.
Ready to Register Your LLP?
Start your LLP with expert guidance — end-to-end support and documentation handled by professionals.