Limited Liability Partnership

Combine flexibility with limited liability for your business success.

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What is Limited Liability Partnership?

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route Process

How We Work

1

Digital Signature & Partner Identification

Initially, we apply for the Director Identification Number (DIN) and then go ahead with obtaining the partners' Digital Signature Certificate (DSC), which facilitates online filings and legal formalities.

2

LLP Name Reservation & Incorporation Filing

We assist you in choosing a unique name for the LLP in accordance with governmental regulations and in filing FiLLiP a for the incorporation of an LLP, along with necessary information regarding the partners and registered office address once that is done.

3

Drafting & Filing the LLP Agreement

Every partner's obligations are stated in a specific LLP Agreement, drafted by our legal experts. We ensure it is duly notarised and filed with the Ministry of Corporate Affairs within time.

4

Compliance Support & Documentation

We ensure that all necessary compliance documents—such as consent letters, address proofs, and affidavits—are collected, formatted, and submitted as per regulatory requirements to avoid any delays or rejections.

5

Final Incorporation & Tax Registrations

We get your Certificate of Incorporation from the Registrar of Companies after it has been validated. Finally, we take care of your PAN and TAN application so that you have your LLP fully operational.

6

Post-Incorporation Assistance (optional)

After incorporation, we assist with initial compliance tasks like opening a bank account, GST registration (if needed), and guiding you through your LLP’s first filings and returns to ensure smooth operations from day one on a paid basis (optional).

checklist Prerequisites

Information Required

PAN Card (Indian Nationals) or Passport (Foreign Nationals) / Aadhaar Card / Voter ID Card / Passport-sized photograph / Passport or Driving License / Utility bills
If rented, the lease or rent agreement; if owned, the property tax receipt or ownership deed; and if rented, the landlord's NOC (No Objection Certificate).
Drafted an LLP agreement outlining the partners' roles, duties, profit-sharing and decision-making procedures.
DSC of each partner submitting an application to register an LLP.
Form 2: LLP incorporation application, including partner information, registered office address, LLP agreement, etc.
Each partner's declaration on LLP Form 1 attests to their compliance with all LLP incorporation criteria and their consent to operate as partners of the LLP on Form 9.

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Key Benefits

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What You Receive

vpn_key Digital Signature Certificates for 2 Designated Partners — DSCs for secure electronic filings, issued for the LLP’s designated partners.
badge Director Identification Numbers for 2 Designated Partners — DINs assigned by the MCA, mandatory for LLP designated partners.
check_circle LLP Name Approval — Official MCA approval of your LLP’s unique name.
article Draft LLP Agreement — Draft agreement will be shared for Stamping and notarization, outlining partner roles and LLP terms. Notarised agreement will be filed (Form 3) with MCA.
verified Certificate of Incorporation — Proof of your LLP’s registration as a legal entity under the LLP Act, 2008.
credit_card PAN Number — Permanent Account Number for the LLP’s tax obligations.
credit_card TAN Number — Tax Deduction and Collection Account Number for TDS compliance.
fact_check Verified LLP Details — Confirmation of your LLP’s name, address, and partner details registered with the MCA.
account_balance Bank Account Opening Document Support — Assistance with documents to open a business bank account for your LLP.
menu_book Compliance Guidelines for LLPs — A guide to manage annual filings (e.g., Form 8, Form 11) and tax compliance.
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Frequently Asked Questions

Whether an LLP outshines a Private Limited Company (Pvt Ltd) depends on your business goals. A Pvt Ltd often edges out with better access to funding and credibility, especially for growth-focused ventures. Meanwhile, an LLP shines with its flexibility, lighter compliance load and simpler management structure.
An LLP in India is a separate legal entity, distinct from its partners. It requires at least two individuals to come together as partners, with no cap on the maximum number. You’ll need at least two designated partners and one must be a resident of India.
In a Limited Liability Partnership (LLP), each partner’s personal responsibility for the firm’s debts is capped. While partners may still be liable for contractual obligations (depending on local laws), they’re generally not on the hook for damages caused by other partners’ actions.
एक निजी लिमिटेड कंपनी उन लोगों के लिए बेहतर है जो पूंजी जुटाने और तेजी से विस्तार की योजना बना रहे हैं। दूसरी ओर, एलएलपी अधिक लचीलापन और कम अनुपालन जरूरतों के साथ आता है। दोनों देयता को सीमित करते हैं, लेकिन निजी कंपनियां बाहरी निवेश के लिए ज्यादा अवसर देती हैं।
One key drawback of an LLP is public disclosure. Financial statements must be filed with Companies House, available for anyone to see. This could reveal partners’ income—details they might prefer to keep private. Plus, that income is taxed at personal rates.
Unlike a sole proprietorship, where the owner faces unlimited liability with no legal divide between personal and business assets, an LLP offers partners limited liability. This protects their personal wealth from business debts or claims.
No, in India, a single individual cannot form an LLP. The law requires at least two partners to establish it.
Minors, individuals deemed mentally incompetent, undischarged insolvents or those who’ve applied to be declared insolvent cannot become partners in an LLP.
An LLP is a hybrid structure blending partnership flexibility with company-style liability protection. It keeps each partner’s personal assets safe from the LLP’s debts or obligations.
An LLP suits professional service firms with shared management duties, while an LLC (Limited Liability Company) offers more ownership flexibility, often favored by startups. Both shield liability, but their legal frameworks and compliance needs vary.
In economic terms, an LLP is a business setup where two or more people run the show, sharing management duties while keeping their personal liability for the firm’s debts in check.
Think law firms, accounting practices or consulting groups—big names like PwC and Ernst & Young often operate as LLPs in various countries.
The LLP Agreement is the backbone of the partnership. It spells out each partner’s role, responsibilities, profit shares and decision-making power, setting the rules for how the LLP operates.
A Limited Partnership has at least one partner with unlimited liability, while an LLP ensures all partners have limited liability. LLPs are a newer option, often chosen for equal protection across the board.
No, only specific types like Limited Liability Partnerships (LLPs) and Limited Liability Limited Partnerships (LLLPs) provide limited liability. Traditional partnerships leave partners fully exposed to business risks.
Limited liability shields partners’ personal assets from business debts or lawsuits. It lowers the stakes, making it easier to take smart risks and grow.
Yes, ownership can shift in an LLP, but it follows the terms laid out in the LLP Agreement. This flexibility supports long-term planning and scalability.
Advantages include liability protection for general partners and options for structuring investments. On the flip side, setup can be trickier and it’s not available everywhere.
No, an LLP can’t be set up for nonprofit purposes in India. It’s built for business, not charity and can’t raise public funds. Plus, at least one designated partner must live in India and under Part IX of the Companies Act of 1956, seven partners are needed for certain conversions.
An LLP faces a flat 30% tax rate on its profits in India, though partners pay personal income tax on their shares.
If an LLP’s annual turnover tops ₹40 lakhs or its contributions exceed ₹25 lakhs, a qualified chartered accountant must audit its finances.
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