LLP registration in India
A Limited Liability Partnership gives its partners limited liability with lighter annual compliance than a company. We file the name reservation and incorporation on the MCA V3 portal, with digital signatures and DINs for your designated partners.
What you need
The Limited Liability Partnership Act, 2008 sets the basics.
- PartnersAt least two partners, and at least two designated partners who are individuals, at least one of them resident in India.
- ContributionNo minimum. Each partner's contribution and profit share are set out in the LLP agreement.
- NameMust end with "LLP" or "Limited Liability Partnership" and must not clash with an existing name or trademark.
- Registered officeAn address in India with proof of ownership or tenancy, a recent utility bill and the owner's no-objection.
- LLP agreementFiled on Form 3 within 30 days of incorporation.
- Documents per partnerPAN, Aadhaar or passport, address proof and a photograph.
From name to LLPIN
Reserve the name
RUN-LLP on MCA V3, after we check the name against existing companies and LLPs.
Signatures and IDs
Digital signatures and DINs for the designated partners.
File FiLLiP
The incorporation form. The certificate of incorporation comes with the LLPIN, PAN and TAN.
Agreement and bank
LLP agreement on Form 3 within 30 days, a bank account, and GST registration if you need it.
Annual LLP compliance
Lighter than a company, but late annual forms get expensive quickly.
- Form 11Annual return, by 30 May.
- Form 8Statement of account and solvency, by 30 October.
- AuditRequired when turnover exceeds ₹40 lakh or partner contribution exceeds ₹25 lakh.
- Income-tax return31 August without an audit, 31 October with one.
- DIR-3 KYCEvery designated partner with a DIN, once every three financial years, by 30 June.
- Late feesA multiple of the normal filing fee that rises with the delay, plus a daily fee once a form is more than 360 days late.
LLP vs Private Limited company
| LLP | Private Limited company | |
|---|---|---|
| Minimum people | 2 partners, 2 designated partners | 2 directors and 2 shareholders |
| Annual ROC forms | Form 11 and Form 8 | AOC-4 and MGT-7 (MGT-7A for small companies) |
| Statutory audit | Only above ₹40 lakh turnover or ₹25 lakh contribution | Every year |
| Board meetings and AGM | Not required | 4 board meetings a year and an AGM by 30 September |
| Raising equity and ESOPs | No shares, so harder | Shares and ESOPs |
Register
- Private Limited or LLP
- Digital signatures and DINs for two designated partners
- Name approval and the incorporation filing
- PAN, TAN and GST
Government fees and stamp duty are charged at actuals and shown separately.
LLP registration questions
Does an LLP need an audit?
Only when turnover exceeds ₹40 lakh or total partner contribution exceeds ₹25 lakh. Companies need one every year.
Can foreign nationals be partners in an LLP?
Yes, in sectors where 100% foreign investment is allowed under the automatic route without performance conditions. Foreign investment in an LLP is reported to the RBI on the FDI-LLP forms.
What happens if Form 8 or Form 11 is late?
The fee multiplies with the length of the delay, and a daily fee is added once a form is more than 360 days late, with no upper limit.
Ready to set up your LLP?
Tell us the partners, the state and the business. We reply within one working day with a document checklist and a fixed quote.