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LLP Registration in India

Start Your Own Limited Liability Firm

Limited Liability Partnership (LLP) Registration is easy, online and fast. We provide DIN, DSC, Name Approval, and LLP Registration Certificate in all our packages. Post Incorporation we assist in LLP Agreement filing and getting the LLP’s PAN and TAN Numbers.

Package Inclusions

  • Two Digital Signature
  • DIN for Two Partners
  • Name Availability Search
  • Certificate of Incorporation
  • LLP Agreement Drafting
  • LLP e-PAN and TAN
  • Filing of Form -3
  • E-Kit With Application Copies

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Simple Pricing
Market Price
:
₹10,000
Setindiabiz Price
:
₹3,499/- (Prof Fee)
You Save
:
₹6,501/- (65%)
Government Fee
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On Actual
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LLP Registration in India - Overview

Limited Liability Partnership is a new form of Partnership Structure introduced in India under the LLP Act of 2008. The purpose behind its introduction is to overcome all traditional partnership flaws and provide a better alternative to startups. The flaws an LLP overcomes include unlimited liability, no separate management structure, and limited existence of the firm. These flaws bring immense challenges in operating a firm and for the want of a better alternative, the LLP was introduced.

LLP is Best Suited For:

  • Partnership Businesses
  • Having Multiple Partners
  • Seeking Continued Existence
  • Flexibility in Management
  • Easy Transfer of Ownership
Play Video about LLP Registration | Complete Guide on Limited Liability Partnership Registration | SetIndiaBiz

Checklist & Documents

The table below contains two checklists. The first checklist mentions all the minimum requirements for LLP incorporation. The second checklist refers to the LLP registration documents and include the documents of Partners and Registered Office Premises. Both these checklists are necessary for a successful LLP Registration in India.
Minimum Requirements List of Documents
  • Minimum 2 Partners
  • No Maximum Limit for Partners
  • 2 to 15 Designated Partners
  • Any Level of Capital
  • A New & Unique Name
  • A Registered Office Address
    Documents of Partners
  1. Colour Photo
  2. PAN Card
  3. Aadhar Card
  4. Latest Address Proof
    Registered Premises
  1. Latest electricity or water bill
  2. NOC from the owner

Note

The Address Proof Should not be more than Two months old

Note:
  1. Partners include Partners as well as Designated Partners of the LLP.
  2. We recommend you send the soft copies of all documents. Also, send us the filled questionnaire that our startup advisors will share with you. We will verify the information and legal documents sent to us. Please contact us for clarification and a copy of the prescribed NOC format.

How to Register LLP in India? - Stepwise Process

With digitization of all MCA services, the LLP Registration process has become quicker, easier and way more hassle-free than before. There is no requirement for visiting the ROC’s Office to submit the required application and documents now. The entire process has been shifted online and can be completed in just a few simple steps.

Step-1: Documentation

The LLP Registration process in India begins with preparing all the documents required for LLP registration. These documents are crucial for the approval of the LLP Registration form. Among the LLP Registration documents list, we require the KYC documents of all partners. Added to that is the proof of registered office address and no objection from the office property owner.

Step-2: Get DSCs of All Partners

After arranging all the required documents, the next step is to obtain the Digital Signatures of all partners. Digital Signatures are required to sign and authenticate the application for LLP Registration. Other than that, the partners use their DSCs to attest the documents submitted as well.

Step-3: Select & Reserve LLP Name

The name of your LLP should not only be practically appropriate but also in compliance with necessary MCA guidelines. Once you have selected an appropriate name, you are required to get it approved and reserved by the ROC. For this, you can either use the FiLLiP or the RUN-LLP (Reserve Unique Name) forms. Both these forms are available on the MCA website.

Step-4: Apply for LLP Registration Online

The application for Limited Liability Partnership Registration online can be found on the MCA website. Once you access the application (FiLLiP), you can fill in all the details. To complete it, also upload the scanned, self-attested copies of the documents. Next, attach a Class 3 Digital Signature of the authorised designated partner and submit the form after paying the prescribed fee.

Step-5: Get Certificate of Incorporation for your LLP

The submitted application reaches the Registrar of Companies and upon thorough examination, gets either approved or rejected. If approved, the ROC immediately grants a Certificate of Incorporation to the LLP confirming its registration. Besides the certificate, the LLP also receives its LLPIN, PAN & TAN.

Step-6: Submit LLP Agreement

LLP Agreement is an important constitution document of the LLP which includes the terms and conditions mutually agreed between its partners. It must be submitted within 30 days after the incorporation. The submission of LLP Agreement marks the completion of the process.

Benefits of LLP Registration in India

A Limited Liability Partnership was introduced with the primary objective of overcoming all the flaws of a traditional Partnership structure. So, most of its features closely resemble a Limited Company rather than a traditional Partnership Firm. This enables it to offer multiple benefits that a Firm does not. The table below lists all such LLP benefits in detail for your comprehensive understanding.

Limited Liability

Liability of Partners is limited as per the terms mentioned in the LLP Agreement. Their personal assets are not at risk while paying-off the LLP’s liability.

Attractive for Investors

A distinct legal identity of the LLP lends it credibility and makes it attractive for investors. Investors can inspect the LLP’s data before investing their capital into it.

Preferred by Creditors

Banks and Financial Institutions prefer to lend funds to businesses that are registered with the government. This is because their credentials and financial status are verifiable in real time.

Easy to Incorporate

An LLP is quick, easy and affordable to incorporate, thanks to a 100% online mode of application. Every step is completed online from filing to documents and authorised signature.

Lower Compliances

An LLP is only required to file its annual returns and financial statements to the ROC every financial year. Such a low number of Compliance makes operating an LLP extremely affordable and hassle-free.

Flexible to Manage

An LLP is managed according to the terms of the LLP Agreement. Also, partners from among themselves choose and appoint designated partners as sole authority to control the management.

Partnership Firm vs LLP Registration

If you’re looking forward to setting up a Partnership business, an LLP can be your best choice! To know why, refer to the table below. We have compared a traditional partnership firm with an LLP here, highlighting both their advantages and disadvantages. Weighing LLP advantages and disadvantages against a Partnership Firm will help you make an informed choice among the available options.

Limited Liability Partnership (LLP)

  • Merits (Pros)
  • Limited Liability
  • Perpetual Existence
  • Distinct Legal Identity
  • Low Compliances
  • Quick & Affordable Incorporation
  • Low Tax Rate
  • High Investment Potential
  • Separate & Flexible Management
  • Demerits (Cons)
  • Ownership Transfer Can be Challenging
  • Lack of Strong Management Structure
  • High Penalties for Non-Compliances
  • Public Disclosure of Records & Documents

Partnership Firm

  • Merits (Pros)
  • Optional Registration
  • Low Compliance
  • Flexible in Operating
  • Simple Formation
  • Demerits (Cons)
  • Unlimited Liability for Partners
  • Limited Existence
  • Limited Investment Potential
  • No Transfer of Ownership
  • No Separate Management
  • No Tax Benefits for Partners

Incorporate LLP in India with Setindiabiz!

We at Setindiabiz offer comprehensive legal assistance for the formation of Limited Liability Partnerships. Our services cover everything from documentation to incorporation and compliance, with a team of experienced CAs, CSs, and lawyers working on our behalf. Additionally, our customer support is available 24/7 to address any questions you may have.
  • 18+ Years of Experience
  • Online Documentation
  • Free Consultation
  • 24*7 Customer Support
Our Customers ❤️ Our Work!
shivam sharma<br><span class="cat-title">LLP Registration</span>
shivam sharma
LLP Registration
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End to end experience for Llp was really well and special thanks for Misba for her support. They followed up and completed the registration on time.
khushi upadhyay<br><span class="cat-title">LLP Registration</span>
khushi upadhyay
LLP Registration
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Reliable with service satisfaction, employees are very helping & cooperative. Am grateful & thank you to the entire team of SetIndiabiz was helping me In the entire process of company registration...
Anil Gidla<br><span class="cat-title">LLP Registration</span>
Anil Gidla
LLP Registration
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Shaily is prompt and cooperative, i had a smooth experience in filing my annual returns and also during LLP establishment. I thank her and wish good luck 🙂
Amlan Jyoti Dutta<br><span class="cat-title">LLP Registration</span>
Amlan Jyoti Dutta
LLP Registration
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Setindiabiz is a Great Company for registration of PVT. LTD. , LLP or any other company. Their process is fast but due to Durga puja holiday my company is incorporated little bit late.
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FAQs on LLP Registration

The LLP Act does not prescribe any minimum or maximum limits of capital for a limited liability partnership. This means you can start an LLP with any amount of capital as per the requirement of the LLP. However, the capital of the LLP cannot remain nil. after 6 months of LLP registration. Moreover, the ROC fee of LLP registration, and the stamp duty payable on the stamping of the LLP agreement is dependent on the capital of an LLP.
An LLP is the most suitable structure for small businesses in India, as there are fewer regulations to comply with. For instance, auditing its account books is not mandatory until the turnover exceeds 40 Lac or the capital exceeds 25 lac.
The decision over choice of business structures depends upon several factors. These include the number of owners, amount of capital, mode and scale of operations, objective of business, etc. We recommend that, as an entrepreneur, you closely analyse all LLP advantages and disadvantages before you make your decision. If you need further help, contact us.
The overall cost of LLP Registration in India can be divided into:
  1. LLP Registration fees
  2. Professional Charges
The LLP Registration fees include ROC fees, DSC fees and DPIN fees of all partners. We will help you calculate the overall fees for new LLP Company Registration in India. Contact us, for further queries.
LLPIN is a unique number allotted to the LLP for its identification by the Registrar of Companies. Its allotment is made after the LLP registration, and it is mentioned on the Certificate of LLP registration as well.
Compared to a traditional partnership, it is easier to raise funds for an LLP. This is because it restricts the liability of its owners to a pre-fixed, mutually agreed ratio. On the contrary, a traditional partnership burdens its partners with unlimited or 100% liability. Moreover, unlike a traditional partnership, the existence of an LLP does not depend on the life of its partners.
The capital in an LLP must be introduced by its partners. The share of capital contribution is mutually decided among partners, and is mentioned in the LLP deed.
The LLP Act does not prescribe any minimum or maximum limits of capital for a limited liability partnership. This means you can start an LLP with any amount of capital provided it does not remain nil. after 6 months of LLP registration.
LLP Registration Process in 4 steps:
  • Step 1: Documentation
  • Step 2: Select & Reserve the name of the LLP
  • Step 3: Fill Out the FiLLiP Form for LLP registration online
  • Step 4: Issue of Certificate of Incorporation
LLP documents required for registration include the KYC documents of all partners. Also, the registered address proof of LLP is required. This must be accompanied by the no objection certificate from the owner of the registered office address. After incorporation, you also need to submit the stamped and notarised LLP deed to the ROC.
A few LLP advantages include:
  • Limited Liability
  • Distinct Legal Identity of the business
  • Separate Management Structure
  • Perpetual Existence
  • Lower Compliances
A few LLP disadvantages include:
  • Public Disclosure of Financial Information
  • Extremely High Penalties for Non-Compliance with tax and regulatory laws
  • No Scope of Equity Investment
  • High Income Tax Rates
An LLP has very few compliance requirements. This makes it an even more attractive option for Startups. The only major LLP compliances include:
  • Filing of LLP annual returns in Form 8
  • Filing of LLP annual Financial Statements in Form 11
  • Filing of annual Income Tax Returns