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. Since, its introduction in 2010, LLPs have been well received with over 1 lakhs registrations so far until September 2014.

The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. An LLP also provides limited liability protection for the owners from the debts of the LLP. Therefore, all partners in an LLP enjoy a form of limited liability protection for each individual’s protection within the partnership, similar to that of the shareholders of a private limited company. However, unlike privately limited company shareholder, the partners of an LLP have the right to manage the business directly.

LLP is one of the easiest forms of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its lifecycle.

How it's Done

Purchase of Plan


DSC Application


Filing of LLP and DPIN with ROC


Receipt of Incorporation Certificate


Limited Liability Partnership Features

Limited Liability Protection to Directors, personal assets

Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the Partners are safe.

Continuity of Business

LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.

Better image and credibility in Market

Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.

No Audit Requirement & Minimal Compliances

LLP is easy to manage and statutory audit is not required for Limited Liability Partnership. LLP is most ideal for small enterprises. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.

Information Guide

    • Filing of E-forms
    • Drafting of LLP Deed
    • Designated Partner Identification Numbers-DPINs (2 nos.)
    • Digital Signature Certificates-DSCs (2 nos.)
    • Issue of Incorporation Certificate
    • Includes Government Fees up to Rs. 1 Lakh Capital Contribution by Designated Partners
    • Stamp Duty up to Rs. 2000/- and its Notarisation in any state in India for LLP Deed

    • Photo ID proof of partners
    • Address proof of partners
    • Specimen signature
    • No objection certificate from the owner of the property of the property
    • Ownership proof
    • Rent agreement of your registered office

    • Minimum two directors and two shareholders
    • Companies, body corporates or already existing partnerships
    • LLPs registered outside India
    • Startups and SMEs looking for carrying business with minimal legal formalities

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