LLP Registration in India Online - Process, Documents Required, Fees
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Limited Liability Partnership (LLP) Registration

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LLP Registration is an upgraded form of Partnership, which has limited liability features of Private Limited Company and the flexibility of a Partnership firm. Maintenance cost of an LLP and simplicity in formation is one of the prime reasons why it has become a preferred choice for entity incorporation.

What is Limited Liability Partnership?


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LLP is a form of partnership which is registered under Limited liability Partnership Act, 2008 where liabilities of all the partners is limited to the extent of contribution bought by them. It helps owners to limit their liabilities while enjoying advantages of a limited company which is an edge over a traditional partnership firm.


No partner is liable on account of unauthorized actions of other partners, thus individual partners can safeguard them from joint liability arising from misconduct of other partners. LLP as an organization is mostly preferred by professionals, micro and small businesses.

Benefits of LLP Registration


Let’s take a look at the advantages of an LLP firm:

  1. Separate Legal Entity: An LLP is a separate legal entity than its partners. It is a major advantage that is not available for normal partnerships.
  2. Limited Liability: It helps in protecting personal assets of the owners with limited liability protection.
  3. Lower cost: The cost of registering an LLP is comparatively lower than public/private limited companies.
  4. No Minimum Capital required: An LLP can be formed with least amount of capital as there is no minimum capital requirement for incorporating an LLP.
  5. Minimal Compliances: One of the key benefits of registering an LLP is lower compliance requirement. Mandatory criteria for annual compliances of an LLP are on lower side as when turnover is less than 40 lakhs, LLP audit is optional.
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Procedure of LLP Registration in India

Procedure of Private Limited Company Registration

  Step 1: Reserve your LLP Name

LLP RUN (Limited Liability Partnership-Reserve Unique Name) form is filed for reservation of proposed name. While making the name application it is recommended that the name should not be similar, identical or phonetically similar to existing companies, firms, LLPs and trademarks. You can easily check the name availability by using our LLP name search tool or company name search tool. If it fulfils all the prerequisites, the proposed name is approved by the Central Registration Center of the Ministry of Corporate Affairs if found in ordinance.

Note: It should be ensured that business name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950). You can easily check the name availability by using our LLP name search tool to verify the same.

  Step 2: Obtain Digital Signature Certificate

  Step 3: Application for LLP

FiLLip form has to be filed with the registrar of companies for incorporation of Limited Liability Partnership. Details which has to be filed in the FiLLip form are:

  1. Address of the registered office
  2. ROC
  3. Business activity code
  4. Number of designated partners and partners
  5. Personal details of designated partners and partners
  6. Contribution of designated partners and partners
  7. Certification by a professional (CA, CS, CMA)

  Step 4: Issuance of COI (Certificate of Incorporation)

Post approval of FiLLip form, Certificate of Incorporation is issued in form 16 from Central Registration Center of MCA under the letterhead of Government of India. LLP identification number is a part of certificate of incorporation.

  Step 5: Drafting & Filing of LLP Agreement

Register your Limited Liability Partnership Online with Professional Utilities


The process of registering your business as an LLP is complicated and involves various compliances. Our experts at Professional Utilities can simplify the whole registration process for you. Register your company online in 3 easy steps:

  1. Fill our simple form and receive a callback from our team of experts.
  2. Provide all the required documents for registration of the company and make 50% payment in advance.
  3. Your incorporation certificate including other documents will be delivered to you and you’ll have to make the balance payment.

Checklist for LLP registration


There are certain minimum requirements for LLP registration that need to be met. Here's the quick checklist:

  1. Minimum two partners
  2. At least one partner should be the resident of India
  3. DPIN and DSC for all designated partners
  4. Each partner has to contribute towards capital of LLP
  5. Address proof for the office of LLP

Documents required for LLP Registration


As per Limited Liability Partnership Act 2008, you are required to provide proper identity proof of partners and address proof of office for llp registration.

Documents of partners
  1. Passport size photographs of all partners
  2. Copy of PAN Card of all Partners
  3. Copy of Aadhar Card
  4. Passport (in case of Foreign Nationals or NRIs)
  5. Copy of Driving License or Voter ID
  6. Bank statement (not older than two months)
Documents of registered office
  1. Electricity Bill or any other utility bill for the address proof
  2. If it is a rented property, No Objection Certificate from the owner of the property is required
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What are the documents you’ll get after registration?


  1. Certificate of Incorporation
  2. Company Master data
  3. LLP PAN
  4. LLP TAN
  5. DSC and DPIN for designated partners
  6. LLP Agreement

LLP Registration Fees


For registration of Limited Liability Partnership, the total cost involved in the whole process is described below:

Particulars Fees
DSC for two partners Around ₹ 3000
DPIN for two partners FREE of cost!
Stamp Duty Depends on the state where LLP is formed. For New Delhi, stamp duty for capital contribution upto 1 lakh is Rs. 750.
Name reservation ₹ 200
Incorporation
  1. Contribution upto 1 lakh -- ₹500
  2. Contribution between 1 to 5 lakhs -- ₹2000
  3. Contribution between 5 to 10 lakhs -- ₹4000
  4. Contribution above 10 lakhs -- ₹5000
LLP Form 3
  1. Contribution upto 1 lakh -- ₹50
  2. Contribution between 1 to 5 lakhs -- ₹100
  3. Contribution between 5 to 10 lakhs -- ₹150
  4. Contribution above 10 lakhs -- ₹200

How much time is required for registering an LLP?


The LLP formation process takes around 10 days.

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FAQ


  What is LLP registration?

Limited Liability Partnership is a hybrid of partnership firm and private limited company. It has the features of limited company and flexibility of partnership.

 How do I register an LLP?

You can arrange the required documents and fulfill all the requirements as per Limited Liability Partnership Act, 2008. You can opt for professional service easily from Professional Utilities as we simplify the registration process for you.

 Is LLP registration compulsory?

Yes, if you want to run a business legally with your partners then you have to incorporate LLP. Otherwise, it would not be considered a registered firm until you get incorporation certificate from MCA and approval of LLP agreement from the Government of India.

 What documents are required for LLP?

In order to register an LLP in India, you need to provide proper identity and address proof of all partners along with address proof of the registered LLP office.

 Is GST required for LLP?

No, GST is not required for LLP registration.

 How much does an LLP cost?

The cost of an LLP registration depends upon the no. of partners, capital contribution and location of the registered office. The standard fees for 2
Partners and capital contribution of upto 1 lakh would be around Rs. 4,999 (all included).

 Which is better LLP or Pvt Ltd Company?

LLP and Pvt Ltd Company both have their own pros and cons. It completely depends upon the requirement of the business.

 What are LLP Annual Filing?

LLP Annual filing includes following components: Annual Return Statement of the Accounts or you can say Financial Statements of the LLP Income Tax Returns Filings.