Menu
Home
Business Creation
Private Limited Company Limited Liability Partnership One Person Company Sole Proprietorship Partnership Firm Any Other Firm Registration
Tax Filing
GST & Other Indirect Taxes
GST Registration GST Filing GST Annual Return (GSTR 9) GST Audit (GSTR 9C) GST Notices Handling
Income Tax
Salaried Business / Profession Income Tax Notices & Assessments Income Tax Audit
More
About Contact
Limited Liability Partnership (LLP)

Incorporate Limited Liability Partnership with Confidence

Enjoy limited liability with partnership-style control and lighter annual compliance. We manage RUN-LLP, FiLLiP, LLP Agreement & PAN/TAN while you focus on delivery.

Compare with Private Limited Company
MCA-compliant Fast processing CA-reviewed
LLP AGREEMENT
Overview

What is a Limited Liability Partnership?

A separate legal entity combining partnership flexibility with limited liability. Governed by the LLP Act and administered by the MCA.

Separate Entity

Owns property, signs contracts, and is sued/sues in its own name.

Limited Liability

Partner liability typically capped to agreed contribution.

Flexible Governance

Rights & duties are contractual via the LLP Agreement.

Perspective

Advantages & limitations

Choose after balancing flexibility, compliance appetite, and funding plans.

Advantages
  • Lower ongoing compliance vs companies
  • Contractual freedom in roles & profit share
  • Pass-through style economics in many scenarios
  • Easy to add/retire partners with clear clauses
Limitations
  • Not ideal for VC equity/ESOP heavy plans
  • Banking & enterprise vendor onboarding can prefer Pvt Ltd
  • Some sectors need specific regulator approvals
Process

LLP registration timeline

Indicative; depends on name approval & ROC queries.

Day Step What happens Status
0–1 KYC & Scoping Collect partner KYC, contribution split, office proofs, and object line. Start
1–3 DSC + RUN-LLP DSCs; submit 2 name options with clear activity description. Fast
3–6 FiLLiP Drafting Prepare FiLLiP, subscribers’ sheet, consents, proofs attached. Draft
6–8 ROC Filing File FiLLiP; respond promptly to resubmissions if any. Varies
Varies COI + PAN/TAN COI issued; PAN/TAN when bundled. Approved
+7–20 LLP Agreement & Form-3 Stamp (state-wise), execute & file Form-3 in time. File
Requirements

Eligibility & documents

Mobile cards summarize what you need.

Eligibility
  • Minimum 2 partners (DPs must be individuals)
  • At least 1 resident Designated Partner
  • No minimum capital; cash/kind contribution allowed
  • Unique name & lawful objects
Documents
  • PAN/Passport; Address proof; recent bank/utility (≤3 months)
  • Office proofs: utility bill + Rent Agreement/Title & Owner NOC
  • Photos, emails, mobiles; DSC paperwork
  • Subscribers’ sheet & consents
Agreement

LLP Agreement essentials

Your internal rulebook for roles, profits, decisions & exits.

Must-have clauses
  • Contribution & profit share; drawings policy
  • DP powers; reserved matters with thresholds
  • Remuneration/interest limits per tax rules
  • Admission/retirement/expulsion; exit valuation
  • Non-compete, confidentiality, IP & dispute resolution
Common mistakes
  • Vague voting thresholds → deadlocks
  • No exit/valuation method → disputes later
  • Not updating Agreement after partner change
Calendar

Annual & event-based compliances

Stay current to avoid penalties.

When What Notes Flag
April Close books; collect proofs Prep for Form-11 & Form-8 Prep
May Form-11 Annual Return (typically by 30 May) File
Jun–Jul Tax provisioning Advance tax/TDS where applicable Tax
Oct Form-8 Statement of A/c & Solvency (by 30 Oct) File
Jul/Oct ITR (LLP) Non-audit vs audit timelines ITR
Event-based Partner/Contribution/Office change File respective forms promptly Event
Fitment

Who should choose an LLP?

Great for professionals, service firms, and small partnerships prioritizing control & simplicity.

Professional firms

Agencies, consultancies, tech services, design studios.

Family partnerships

Clear roles, capital/withdrawal rules, and smooth exits.

Capital-light

Where VC/ESOP isn’t the primary plan for now.

Compare

LLP vs Private Limited Company (quick look)

Same content in both views; phones see cards, desktops see an animated colorful table.

Feature LLP Pvt Ltd Note
Ownership Partners Shareholders LLP Agreement vs MoA/AoA
Governance Contractual Companies Act heavy Trade-off
Funding Limited VC appetite VC-friendly ESOPs easier in Pvt Ltd
Compliance Lighter Heavier Annual filings differ
Tax Partnership tax regime Corporate regime Subject to changes
Touchpoints

Government touchpoints & documents flow

What you’ll interact with during the journey.

Stage Portal/Form Output Notes
Name Reservation RUN-LLP Approved name 2 options Clear activity description helps
Incorporation FiLLiP COI, PAN/TAN (bundled) Respond fast to resubmissions
Agreement Form-3 Agreement on record State stamp duty varies by capital
Stamp duty differs by state and contribution—ensure correct valuation & stamping window.
Next steps

Post-incorporation checklist

What to do immediately after receiving the COI.

Open current account

Board/partner resolution + KYC, COI & PAN/TAN.

Deposit contribution

Record entries; issue capital acknowledgement.

Registers & minutes

Maintain partner register, minutes, resolutions.

Tax & GST

Assess GST threshold & TDS applicability early.

Vendor onboarding

Share statutory docs with key clients/vendors.

Event filings

File timely on partner/office/contribution changes.

Naming

Name & trademark tips

Reduce resubmissions with strong choices.

Check conflicts
  • MCA name search—avoid identical/similar results
  • Basic trademark search in relevant classes
Be descriptive & lawful
  • Add an activity word (e.g., “Consulting”, “Technology”)
  • Words like “Bank” need prior approvals
Deliverables

What you receive from us

Neat, organized, and bank-ready documentation.

COI + PAN/TAN

Official incorporation + tax IDs (when bundled).

Filed forms set

RUN-LLP, FiLLiP, Form-3, acknowledgements.

LLP Agreement

Executed copy + key clause summary.

FAQ

Common questions

Quick answers to help you decide confidently.

Usually 7–12 working days based on name approval, documentation quality and ROC workload.

Yes—at least one designated partner must meet the residency requirement.

Yes—a registered office in India with valid proofs; Owner’s NOC if rented/shared.

Form-11 (Annual Return), Form-8 (A/c & Solvency), Income-tax return, and TDS/GST returns if applicable.
This page provides general information and is not legal advice. Rules/forms/timelines may change with MCA/ROC notifications.
Get a Call Back

Tell us about your LLP plans

We’ll reply with a checklist, timelines & compliance guidance.

We respect your privacy and will contact you only regarding this request.