LLP Registration in India
Empower your entrepreneurial vision with a hassle-free Limited Liability Partnership (LLP) registration. LLPs combine the flexibility of a partnership with the limited liability protection of a company.
- Guaranteed Formation within 14 days (terms & conditions apply)
- Completely Online & Hassle-Free Registration of your LLP from anywhere, anytime
- Transparent Pricing Starting at just ₹3999 + government fees
Starting an LLP was perfect for our small business. We wanted a structure where both partners had equal control without worrying about personal risk, and LLP gave us exactly that! Thanks, Tax Advisr for the best services at such affordable costs!
Trusted Clients
Professionals
Dedicated CA
Free Consultation by Expert
Right plan for Your Business
Customized plans to suit your business needs.Smart Plan
₹1499 0% off
₹1499
+ Govt. Fee
What you’ll get
- Expert assisted process
- Your company name is reserved in just 2 – 4 days
- DSC in just 4 – 7 days
- SPICe+ form filing in 14 days*
- Incorporation Certificate in 14-21 days
- Company PAN+TAN
- DIN for directors
Pro Plan
₹2499 0% off
₹2499
+ Govt. Fee
What you’ll get
- Initial Consultation
- Name Approval
- DSC Assistance upto 2 Partners
- FilliP Form
- DPIN upto 2 Partners
- Registration Certificate
- LLP’s PAN & TAN
- Dedicated Business Account Manager
- DSC Assistance with Token
- Digital Welcome Kit after formation
- Post registration Consultancy
Premium Plan
Everything within 7 working days
₹7999 0% off
₹7999
+ Govt. FeeWhat you’ll get
- Initial Consultation
- Name Approval
- DSC Assistance upto 2 Partners
- FilliP Form
- DPIN upto 2 Partners
- Registration Certificate
- LLP’s PAN & TAN
- Dedicated Business Account Manager
- Complete digital signature
- Digital Welcome Kit after formation
- Post registration Consultancy
- DPIN upto 5 Partners
- Form 3 submission
- Expert Consultation Provided (immediate on-call availability)
Note: All prices are excluding GST. Tax & Government fees should be payable directly to the respective government portal. Also, plan is subject to approval after the discussion of scope of work. All rights reserved by Taxadvisr.T&C
Not sure about the packages?
Talk to our experts to kickstart your business registration process.
Talk to registration expert
Who is Eligible for LLP registration?
Form an LLP with ease! Two or more individuals or even entities, including foreigners and NRIs, can join forces. This structure is popular with professionals like accountants, lawyers, and consultants, allowing them to pool their expertise while limiting liability.
Essential Documents for Smooth LLP Registration (India)
Identity & Address Proof (Partners):
- PAN Card (scanned copy) or Passport (foreign nationals & NRIs)
- Voter ID/Passport/Driving License (scanned copy)
- Latest Bank Statement/Utility Bill (scanned copy) – Electricity, Phone, Mobile
- Passport-sized Photo & Signature (scanned copy) – Signature on blank document (partners only)
Registered Office Proof:
- Latest Bank Statement/Utility Bill (scanned copy) – Electricity, Phone, Mobile
- Notarized Rental Agreement (scanned copy, English)
- No-Objection Certificate from Property Owner (scanned copy)
- Sale Deed/Property Deed (scanned copy, English) – For owned property
Limited Liability Partnership (LLP) in India
A Limited Liability Partnership (LLP) is a popular business structure where partners enjoy the protection of their personal assets from the debts, liabilities, and damages of the business. Registered under the LLP Act, 2008, an LLP is a corporate body and legal entity separate from its partners, with perpetual succession across states.
An LLP offers the benefit of limited liability similar to that of a company while allowing partners to manage internal affairs based on mutually agreed-upon terms, akin to a partnership firm. This hybrid structure combines the best features of both corporate and partnership entities. Partners in an LLP have reduced personal liabilities for any future debts incurred during business operations.
Contributions from partners are specified in the LLP Agreement and can take various forms, such as tangible or intangible assets, movable or immovable property, money, or cash. The LLP itself is liable for any business losses or debts, ensuring that individual members are not personally responsible for such financial obligations.
Features of LLP Company
1. Perpetual Succession:
Unlike a general partnership, an LLP enjoys perpetual succession, meaning it can continue its operations despite changes in partners due to retirement, insolvency, incapacity, or death.
2. Separate Legal Entity:
An LLP is recognized as a distinct legal entity from its partners, capable of entering contracts, owning property, and assuming liabilities independently.
3. LLP Agreement:
Partners define their rights and duties through the LLP Agreement, which governs their mutual obligations unless otherwise specified by law.
4. Artificial Legal Person:
Legally, an LLP is treated as an artificial legal entity with rights akin to an individual, existing perpetually with real existence.
5. Common Seal:
While optional, an LLP may have a common seal for official use, managed and affixed by designated partners.
6. Limited Liability:
Each partner’s liability is limited to their agreed contribution, protecting personal assets from the LLP’s debts and obligations.
7. Minimum and Maximum Number of Partners:
An LLP must have at least two partners, with at least two being designated partners, one of whom must be a resident Indian.
8. Business Management and Structure:
Partners manage the business collectively, with designated partners responsible for legal compliance.
9. Business for Profit Only:
LLPs are formed exclusively for lawful business activities aimed at generating profit.
10. Investigation:
The Central Government can investigate an LLP’s affairs and appoint authorities for this purpose.
11. Mutual Agency:
Actions of one partner do not bind others without authorization, distinguishing LLPs from traditional partnerships in terms of liability.
12. Body of Corporate:
Under the LLP Act, an LLP is established as a corporate body with a separate legal identity from its partners.
Different Types of LLP Forms in India
The Advantages of LLP Registration in India
Limited Liability Partnerships (LLPs) offer a flexible and secure business structure for entrepreneurs. Below is a breakdown of the key benefits LLP registration provides in India:
- Limited Liability: LLPs provide partners with limited liability protection, shielding their personal assets from the debts and liabilities of the LLP. Partners are not personally liable for the actions or debts of other partners, offering security in business dealings.
- Separate Entity: An LLP is distinct from its partners, functioning as a separate legal entity. It can enter into contracts, own assets, sue others, and be sued in its own name. This autonomy enhances business credibility and operational flexibility.
- Flexibility: LLPs offer flexibility in management and organizational structure. Partners can tailor internal operations according to their specific business needs through the LLP Agreement, which governs rights, responsibilities, and decision-making processes.
- Minimal Compliance Requirements: Compared to companies, LLPs face fewer compliance burdens. Annual filings and regulatory obligations are simpler and more straightforward, reducing administrative overhead and costs.
- Tax Benefits: LLPs are taxed as partnerships, avoiding corporate tax. Profits are distributed to partners, who pay taxes at individual rates, thereby optimizing tax efficiency and savings for partners.
- Perpetual Succession: LLPs enjoy perpetual succession, meaning changes in partners (such as retirement, death, or bankruptcy) do not affect the LLP’s continuity. The LLP continues until formally dissolved under the provisions of the LLP Act.
- No Minimum Capital Requirement: LLPs are not required to maintain a minimum capital at the time of incorporation, allowing partners to contribute capital as agreed upon in the LLP agreement, fostering financial flexibility and ease of starting operations.
- Ease of Transferability: LLPs facilitate easy transferability of ownership interests as per the terms of the LLP agreement. This feature enables seamless inclusion of new partners or transfer of ownership, supporting business continuity and growth.
- Preferred by Professionals: Professionals such as lawyers, consultants, architects, and accountants prefer LLPs due to the congenial work environment and limited personal liability protection. It combines professionalism with business advantages.
- Globally Recognized: LLP is a globally recognized business structure, offering domestic partners opportunities to expand operations internationally while adhering to recognized legal frameworks and business practices.
Pre-requisites for Incorporating an LLP
To incorporate a Limited Liability Partnership (LLP) in India, the following prerequisites must be met:
- Required for filing online forms with the MCA.
- The DSC must have a validity of at least 2 years.
- Partners need to provide their PAN Card details along with other identity and address proofs as mandated.
B. Reserve LLP Name: Once the DSCs are secured, the next step is to reserve a unique name for the LLP using the web form ‘RUN-LLP’ (Reserve Unique Name – Limited Liability Partnership). Here’s how this process unfolds:
- The RUN-LLP form simplifies the name reservation process, replacing the older LLP Form 1.
- Applicants must fill in basic details and specify the significance of the proposed name.
- Up to 2 names can be provided in order of preference. If none are approved, two more options can be submitted.
- Government fees for the RUN form are as per the Registrar Office Fees Rules.
- Neither a Digital Signature Certificate nor a Director Identification Number (DIN) is necessary for filing the RUN form. However, having an active MCA portal account is mandatory.
- Once approved, the allotted name is reserved for 90 days from the date of approval. This allows sufficient time to complete the remaining incorporation formalities.
Tax Implications of LLP
Separate Taxable Entity: LLPs are treated as separate taxable entities distinct from their partners, similar to corporations. The LLP files its own tax returns and fulfills all tax obligations independently.
Tax Rates: The current applicable tax rate for LLPs is 30%, plus surcharge and cess as applicable.
Pass-Through Taxation: Income earned by the LLP is not taxed at the entity level. Instead, profits are passed through to the partners, who report and pay taxes on their respective shares of the LLP’s income based on their individual tax brackets.
Deductions and Benefits: LLPs can claim various deductions and benefits similar to those available to companies, including:
- Depreciation on assets
- Interest on loans
- Business expenses
- Research and development costs
- Other allowable deductions under the Income Tax Act
Compliance and Designated Partner: A designated partner is responsible for ensuring the LLP’s tax compliance, which includes:
- Timely and accurate filing of tax returns
- Maintenance of proper accounts and records
- Adherence to tax laws and regulations
Limited Liability for Tax Debts: Partners typically have limited liability for tax debts of the LLP, except in cases involving fraud, negligence, or wrongful trading, where personal liability may be incurred.
Documents Required for LLP Registration
Checklist for Partners:
- PAN Card: Mandatory for all partners of the LLP.
- Passport: Required for partners who are foreign nationals or NRIs.
- Aadhar Card/Voter ID/Passport/Driving License: Needed for partners who are Indian citizens as proof of identity.
- Updated Address Proof: Acceptable documents include bank statements (recent), telephone bill, gas bill, electricity bill, mobile bill
- Passport Size Photographs: Recent photographs of all partners.
- Blank Document with Sample Signature: A document with a sample signature of each partner for verification purposes.
Checklist for Registered Office:
- Electricity Bill: Recent bill indicating the electricity connection at the registered office address.
- Rent Agreement: Duly signed by the notary if the premises are rented.
- No Objection Certificate (NoC): From the owner of the registered office property, allowing its use as the LLP’s registered office.
- Sale Deed/Property Deed: Required if the registered office property is self-owned, as proof of ownership.
These documents are essential for obtaining the LLP Registration Certificate and must be submitted accurately and in compliance with the regulations set forth by the Ministry of Corporate Affairs (MCA) in India.
Procedure for Alteration of LLP Agreement
To make changes to an LLP agreement, these steps are followed:
Convene a Partners Meeting
Initiate a meeting of all partners to discuss and propose the desired alterations to the LLP agreement.Document the meeting minutes comprehensively for future reference.
Obtain Required Consent
Review the existing LLP agreement to determine the approval threshold for alterations.Depending on the agreement, this may require a simple majority, a supermajority vote, or unanimous consent from the partners.
Draft and Sign a Resolution
Prepare a detailed resolution outlining the specific changes proposed for the LLP agreement.All partners who agree to the proposed alterations must sign the resolution document.
File Form 5 with the Registrar of Companies (ROC)
Within 30 days of passing the resolution, file Form 5 (Notice of Alteration in LLP Agreement) with the ROC.Attach the signed resolution and pay the applicable filing fees as per regulatory requirements.
Await Certificate of Alteration
The ROC will examine the submitted documents and, upon approval, issue a Certificate of Alteration.This certificate legally confirms the modifications made to the LLP agreement and validates its updated terms.
Timeline for LLP Registration
TaxAdvisr specializes in LLP Registration with a team of dedicated professionals committed to delivering comprehensive services. Our LLP registration fees start from 1499 plus govt. taxes.
LLP registration typically takes between 15 to 30 working days, subject to document verification and approval processes.
Why TaxAdvisr for LLP Registration?
TaxAdvisr prioritizes client satisfaction with a customer-centric approach. Our experienced team provides end-to-end support, expert guidance, and clear communication throughout the LLP registration process, empowering entrepreneurs to achieve their business goals.
- Over 200 Experienced LLP Registration Consultants
- 500+ Successful LLP Registrations
- 99% Client Retention Rate
Choose Tax Advisr for seamless LLP registration and expert advisory services.
LLP Registration in India FAQs
An LLP agreement is a crucial document that outlines the rights, duties, and responsibilities of partners within a Limited Liability Partnership. It establishes the operational framework, including profit-sharing ratios, rules for admitting new partners, procedures for decision-making, and guidelines for managing conflicts. This agreement ensures clarity and fairness among partners while protecting their limited liability status.
Any individual, including NRIs and foreign nationals, can become a partner in an LLP in India. However, at least one designated partner must be an Indian citizen. Additionally, companies or other LLPs can also be partners, but only individuals can be designated partners responsible for the LLP’s compliance and management.
LLPs are treated as separate legal entities for tax purposes in India. The LLP itself does not pay taxes on its income. Instead, partners are individually taxed based on their share of profits from the LLP. The tax liability of partners is determined by their personal income tax slab rates.
Yes, NRIs and foreign nationals can be partners in an LLP in India, provided at least one partner is an Indian citizen. This inclusion allows LLPs to benefit from diverse skills and investments from abroad while maintaining compliance with Indian regulations.
LLPs are favored by professionals such as lawyers, consultants, architects, and accountants due to their flexibility and limited liability structure. Start-ups and small businesses that do not seek venture capital funding also opt for LLP registration to minimize personal liability and simplify compliance requirements.
Starting an LLP involves several steps:
- Name Reservation: File Form 1 to reserve the LLP’s name through the LLP portal, adhering to name availability guidelines.
- LLP Agreement: Draft and sign an LLP Agreement defining partner roles, responsibilities, and operational procedures.
- Incorporation: Obtain a Certificate of Incorporation after submitting required documents and obtaining name approval.
- Tax and Regulatory Compliance: Apply for PAN, TAN, and open a bank account to commence operations.
An LLC (Limited Liability Company) combines features of both corporations and partnerships, with members managing the business. In contrast, an LLP restricts liability to the extent of each partner’s investment and requires designated partners to manage day-to-day operations, akin to directors in a company.
Partners in an LLP are akin to shareholders, contributing capital and sharing profits as per the LLP Agreement. Designated partners, on the other hand, have additional responsibilities for statutory compliance, day-to-day operations, and ensuring that the LLP adheres to legal requirements.
LLP compliance under the Companies Act 2013 involves fulfilling statutory obligations such as filing annual returns, maintaining proper books of accounts, conducting audits (if applicable), complying with tax regulations, and adhering to other legal requirements stipulated by the Act.
LLPs in India are taxed at a flat rate of 30% on their total income, plus applicable surcharge and health and education cess based on the LLP’s annual income and prevailing tax regulations.
Free Consultation by Expert
Testimonials
Hear what our clients are saying…
Starting an LLP was perfect for our small business. We wanted a structure where both partners had equal control without worrying about personal risk, and LLP gave us exactly that! Thanks, Tax Advisr for the best services at such affordable costs!
Amit Verma
Co-founder, NexaTech Solutions LLPI have always thought these legal aspects are such a hassle to handle! But we’re so glad we chose TaxAdvisr for our LLP registration. They made everything simple and clear, and their support was excellent.
Neha Kapoor
Co-founder, BrightPath Consulting LLPOur LLP registration was done without any delay, and their service was top-notch. So happy we chose them!
Pooja Mehta
Director, CreativeEdge Solutions LLP1,000 customers and counting!
Blogs
Capital Gains Tax On Sale Of Property
Selling a property can be a significant financial milestone, but did you...
Read More
TDS Form 26AS: How to Check and Download It Online
Have you ever wondered if the TDS deducted from your income is...
Read More
TDS form 27q: Procedure, Due Dates and How to Fill It?
Did you know that tax is often deducted before your income reaches...
Read More
WhatsApp Chat 
Book A Call