Updated on March 24, 2025 02:46:57 PM
The LLP full form is a Limited Liability Partnership. LLP is a newer form of business in India with limited liability benefits of a private limited company and the flexibility of a partnership firm. The concept of the LLP was introduced in India in 2008 and is regulated by the Limited Liability Partnership Act, 2008.
The maintenance cost and compliances are less in LLP; hence, it has become a preferred form of business organization among entrepreneurs. This form of business structure is ideal for small and medium-sized businesses.
It is easy to start and manage a Limited Liability Partnership in India. A minimum of two partners are required to register an LLP, and there is no upper limit. The LLP Agreement governs the rights and duties of the designated partners. They are directly responsible for the compliances and all the provisions specified in the LLP agreement.
LLP Registration Certificate [Sample]
Limited Liability Partnership Registration, or LLP Registration, is a company type that merges the characteristics of corporations and partnerships. The core idea behind LLP is that the partners enjoy limited liability. Business partners in LLP have nonabsolute liability. The partners are not personally liable for business losses or indebtedness that is more than their investments within the partnership enterprise.
Although LLP registration offers the flexibility and tax advantage of a partnership, it also provides protection from liabilities such as a corporation. LLP registration is favored by professional service providers such as accountants, lawyers, and consultants. They are also employed by firms operating in various industry segments. LLPs are regulated by the laws and rules of the relevant jurisdictions for incorporation and business.
Following are the advantages of incorporating an LLP in India:
Following are the requirements for incorporating an LLP in India:
The step-by-step procedure of LLP registration in India is as follows:
The first step of LLP registration in India is applying for the digital signature of all the designated partners of the proposed LLP. The incorporation of LLP is entirely digital; all the documents are filed online and must be digitally signed.
Designated partners whose signatures are to be affixed on the e-forms must obtain Class-3 Digital Signature Certificates from government-recognized certifying agencies.
You have to apply for the “Designated Partner Identification Number (DPIN)” of all the designated partners or those intending to be designated partners of the proposed LLP.
LLP-RUN (Limited Liability Partnership-Reserve Unique Name) form is filed for reservation of the name of the proposed LLP. While making the name application, it is recommended that the name should not be similar, identical or phonetically similar to existing LLPs, companies, firms, and trademarks.
You can easily check for name availability using our free LLP name search tool or company name search tool. The system will provide a list of similar or closely resembling names of existing companies or LLPs based on the search criteria.
If it fulfils all the prerequisites, the proposed name of LLP is approved by the Central Registration Centre of the Ministry of Corporate Affairs if found in the ordinance.
The FiLLip form has to be filed for incorporation of Limited Liability Partnership with the Registrar having jurisdiction over the state in which the registered office of the LLP is located. Details which has to be filed in the FiLLip form are:
The Registrar will register the LLP if the documents comply with the LLP Act's relevant provisions. Post-approval of the FiLLip form, Certificate of Incorporation is issued within 14 days in Form-16 from the Central Registration Centre of MCA under the letterhead of the Government of India.
LLP Agreement is the most important document of an LLP that governs the mutual rights and duties of the partners; also between the LLP & its partners.
The incorporation cost of registering an LLP in India, including government and professional fees, is ₹8,499 Only with Professional Utilities.
Steps | Cost (Rs.) |
---|---|
Digital Signature Certificate | ₹3,000 |
Government Fee | ₹1,500 |
Professional Fee | ₹3,999 |
Total Fee | ₹8,499 |
Note: The aforementioned Fees is exclusive of GST.
Documents of both the partners and LLP have to be submitted for incorporating a Limited Liability Partnership:
The expert team at Professional Utilities can help you incorporate a Limited Liability Partnership in India. Register your LLP online in a fast and most affordable manner in three easy steps:
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your LLP registered in 7-14 days
Depending on the application submission, document verification, and approval, the registration of an LLP company is done in 15 to 30 working days. Thus, the Limited Liability Partnership Registration in India is completed approximately in about 20 days. You can prevent unnecessary delays in registration by availing services from LLP registration consultants such as Professional Utilities.
Following are the documents you’ll receive after registering an LLP in India:
Registering a Limited Liability Partnership (LLP) in India offers businesses a flexible and legally recognized framework that merges the benefits of limited liability with ease of operation. It is especially ideal for startups, professionals, and small enterprises looking for an affordable substitute for a private limited company.
The registration of an LLP allows for smoother compliance, tax advantages, and legal protection, thus ensuring smooth business operations while protecting the interests of the partners. With Professional Utilities, you can make the registration process easier with expert support, ensuring seamless documentation and government approvals.
Start your LLP registration today and take the first step toward building a legally compliant and scalable business!
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Under the provisions of Limited Liability partnership (LLP), there are no such requirements for Minimum Capital, unlike in the case of Private Limited Companies.
Limited Liability Partnerships (LLPs) are subject to a 30% tax rate on income up to 1 crore rupees, with an additional 12% surcharge if the total income surpasses this amount. For companies, the tax rate is 25% for a turnover of up to 400 crore rupees, and 30% thereafter.
Remuneration is only permissible for working partners, precluding sleeping partners from receiving salary. It is impermissible for a limited liability partnership (LLP) to provide salary to sleeping partners.
These are the following documents required for LLP
Speak Directly to our Expert Today
Reliable
Affordable
Assured