LLP Registration
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership firm with the limited liability feature of a private limited company. LLPs are governed by the Limited Liability Partnership Act, 2008, making them a popular choice for startups, professionals, and small businesses in India.
Why Choose LLP Over Other Business Structures?
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Limited Liability: Protects personal assets of partners.
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Separate Legal Entity: LLP exists independently of its partners.
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Low Compliance Cost: Compared to a Private Limited Company.
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No Minimum Capital Requirement: Start with any amount of capital.
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Tax Benefits: LLPs are not subject to Dividend Distribution Tax (DDT).
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Joint Venture LLP
A Joint Venture Limited Liability Partnership (LLP) is a strategic partnership where two or more entities collaborate to achieve a common business goal while benefiting from the advantages of an LLP structure. This model is widely preferred by businesses looking to expand operations without forming a private limited company.
Step-by-Step Process of LLP Registration in India
Registering an LLP in India involves several steps. Here’s a detailed breakdown:
Step 1: Obtain Digital Signature Certificate (DSC)
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Every designated partner must obtain a Class 3 DSC from a government-recognized certifying authority.
Step 2: Apply for Director Identification Number (DIN)
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Each designated partner requires a unique DIN from the MCA portal.
Step 3: Name Reservation (RUN-LLP Form)
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Submit the Reserve Unique Name (RUN-LLP) form to MCA.
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Choose a unique business name as per LLP Naming Guidelines.
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The name must not resemble any existing company or trademark.
Step 4: Incorporation of LLP (FiLLiP Form)
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File the FiLLiP (Form for LLP Incorporation) on the MCA portal.
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Submit required documents (listed below).
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Pay the government fees based on capital contribution.
Step 5: LLP Agreement Drafting & Filing
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Prepare an LLP Agreement defining partner roles, profit-sharing, and governance structure.
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File Form 3 with MCA within 30 days of incorporation.
Step 6: Get PAN & TAN for LLP
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Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.
Step 7: Open a Bank Account & Start Operations
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Once the LLP is registered, open a current bank account under the LLP name.
Documents Required for LLP Registration
1. For Partners
✔ PAN Card (mandatory)
✔ Aadhaar Card / Passport / Driving License / Voter ID
✔ Address Proof (Bank Statement, Electricity Bill, or Telephone Bill)
✔ Passport-size Photograph
✔ Digital Signature Certificate (DSC)
2. For LLP
✔ LLP Agreement
✔ Proof of Registered Office Address (Rent Agreement + NOC from Owner)
✔ Utility Bill (Electricity/Water Bill) – Not older than 2 months
Timeline for LLP Registration in India
The entire LLP registration process takes around 15-20 days, provided all documents are in order.
Exemptions & Benefits for LLPs in India
✅ No Minimum Capital Requirement – Start with any amount.
✅ Lower Compliance Requirements – Fewer filings than Pvt Ltd companies.
✅ No Mandatory Audit – If annual turnover is less than ₹40 lakh or capital is below ₹25 lakh.
✅ Tax Exemptions – LLPs are taxed at 30% but do not pay DDT.
Frequently asked questions
