Limited Liability Partnership Registration

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LLP registration in India has emerged as an alternative business structure, combining the benefits of a company with the flexibility of a partnership. This innovative concept was introduced in 2008 through the Limited Liability Partnership Act of 2008, offering an ideal framework for small and medium-sized enterprises.

Registering a Limited Liability Partnership in India is a straightforward process. It requires a minimum of two partners, with no upper limit specified. The LLP agreement delineates the rights and responsibilities of the partners. In an LLP, one partner is not held accountable for the misconduct or negligence of another partner. Instead, partners share responsibility for compliance and adhere to the provisions outlined in the LLP agreement.

Advantages of Registering an LLP

Many individuals choose LLP registration in India over incorporating a Private Limited Company for several compelling reasons. LLPs are perceived as simpler to establish and offer a more flexible business structure. Entrepreneurs find it convenient to launch their organizations, as LLPs entail fewer day-to-day operational complexities. Let’s explore the numerous benefits of opting for an LLP.

Cost-Effective Registration:

Registering an LLP in India entails lower costs in comparison to establishing a public limited or private limited company.

No Minimum Capital Requirement:

LLPs can be formed with minimal capital, eliminating the need for a minimum capital requirement during incorporation.

Unrestricted Ownership:

While an LLP necessitates at least 2 partners, there are no upper limits on the maximum number of partners. In contrast, private limited companies are subject to restrictions on the number of members, typically not exceeding 200.

Optional Audit Requirement:

Unlike public and private limited companies, LLPs are not obligated to undergo mandatory audits, which is considered a significant compliance advantage. LLPs are only required to undergo an audit if their contribution exceeds Rs. 25 lakhs or their annual turnover surpasses Rs. 40 lakhs.

Taxation Considerations for LLPs:

LLPs are responsible for income tax payment, and the partners’ shares are not subject to taxation. Consequently, there is no requirement for Dividend Distribution Tax (DDT).

What’s Included

  1. DIN (Director Identification Number) for 2 Directors
  2. Digital Signature (DSC) for 2 Directors
  3. Issuance of Incorporation Certificate
  4. Drafting of LLP Deed
  5. Incorporation fees*
  6. Approval of Company Name
  7. Assistance with Opening a Bank Account Kit

Required Documents

  • PAN Card: PAN card copies of Shareholders and Directors. In the case of Foreign Nationals, a Passport is mandatory.
  • ID Proof: Aadhaar card/Passport/Voter ID/Driving Licence (Any 1) of Shareholders and Directors.
  • Address Proof: Bank Statement/Mobile/Telephone Bill/Electricity Bill (Any 1) of Shareholders and Directors.
  • Photograph: Passport-sized photos of Shareholders and Directors.
  • Office Address Proof: Proof of the office address – Electricity Bill/Mobile Bill (Any 1).
  • No Objection Certificate (NOC) from Owner: A No Objection Certificate from the owner of the office.
  • Rent Agreement: If the property is rented, provide the Rent Agreement for the office.

Why Choose LLP over a Traditional Partnership?

The introduction of LLP in India serves the primary objective of offering owners limited liability while maintaining a business structure that is simpler to manage and less cumbersome. LLP serves as a viable alternative to traditional partnership firms. Let’s delve into the key distinctions between an LLP and a partnership firm.

  1. Limited Liability In an LLP, partners are not personally liable to external creditors. Their liability is limited to the extent of their contribution to the LLP. Conversely, in a traditional partnership firm, partners are individually responsible to creditors, which sometimes dissuades entrepreneurs from participating. An LLP offers partners the benefit of limited liability protection.
  2. Number of Partners Both LLPs and partnership firms require a minimum of 2 partners. However, there is no upper limit on the number of partners in an LLP. If the number of partners in a partnership firm drops below 2 for any reason, the firm would be dissolved. In contrast, LLPs can continue even if the number of partners falls below 2, as a sole partner can bring in a new partner without dissolving the LLP.
  3. Perpetual Existence The existence of an LLP is not dependent on its partners. Partners may change over time, but this does not affect the LLP’s continuity or operations. In a partnership firm, the resignation or death of a partner can have significant consequences and may necessitate a reconstitution of the partnership.
  4. Membership Members can join an LLP during or after incorporation. The following individuals can become partners in an LLP: It is essential to execute and file the LLP agreement within 30 days of the LLP’s incorporation. Failure to do so results in the absence of an agreement, and the relationship between partners and the LLP is governed by the First Schedule of the LLP Act. In cases where there is a written agreement but no detailed declaration concerning matters covered in the First Schedule, those matters will be administered by the First Schedule.

What Sets an LLP Apart from a Private Limited Company?

Entrepreneurs embarking on a new business venture often seek to understand the distinctions between a Private Limited Company and an LLP, as both offer similar features. Here, we compare a Private Limited Company and an LLP from the perspective of entrepreneurs looking to start a new business.

Registration Process:

The registration processes for Private Limited Companies and LLPs are quite similar, with some differences in the required documents and forms for incorporation. The following steps are involved in incorporating both Private Limited Companies and LLPs:

  1. Obtain Digital Signature Certificates (DSC) for proposed Directors.
  2. Obtain Director Identification Numbers (DIN) for proposed Directors.
  3. Secure approval for the company’s name from the MCA (Ministry of Corporate Affairs).
  4. File incorporation documents.
  5. Both LLPs and Private Limited Companies are registered with the Ministry of Corporate Affairs under the Central Government. The processing time for incorporating both types of companies typically takes around 7-10 working days.

Cost of Registration:

LLPs are specifically designed to meet the needs of small businesses, which is why the incorporation fee for an LLP is generally lower than that for a Private Limited Company. LLP registration also requires fewer documents to be printed on Non-Judicial stamp paper compared to Private Limited Company registration.


LLPs and Private Limited Companies offer similar features. Both are separate legal entities with assets and liabilities separate from their promoters. While both types of companies can be transferred, Private Limited Companies offer more flexibility in terms of transferring or sharing ownership. Unless closed by the promoters or competent authorities, both Private Limited Companies and LLPs have perpetual existence.


In an LLP, partners hold ownership and have the authority to manage and control the LLP. Therefore, a partner in an LLP plays a significant role as both an owner and manager. In contrast, Private Limited Companies offer greater flexibility to promoters when it comes to ownership and sharing of ownership.


Tax compliance for LLPs and Private Limited Companies is generally similar. However, LLPs enjoy certain advantages when it comes to compliance with the Ministry of Corporate Affairs. An LLP is not required to have its accounts audited if its annual turnover is less than Rs. 40 lakh and its capital contribution does not exceed Rs. 25 lakh. Instead, an LLP must file LLP Form 8 and LLP Form 11. Conversely, a Private Limited Company must file an annual return and the company’s balance sheet with the Ministry of Corporate Affairs each year using Form MGT-7 and AOC-4, respectively.