Limited Liability Partnership Company
Simple, cost-effective, and compliant Limited Liability Partnership registration with expert support from FOXTAX.
Register your LLP seamlessly with FOXTAX.
- End-to-end LLP registration support
- Affordable & transparent pricing
- Expert CA & compliance team
- Online process | PAN-India service
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Limited Liability Partnership (LLP) Registration in India
What is a Limited Liability Partnership (LLP)?
What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a modern business form that allows a partnership to enjoy limited liability while retaining its flexibility. It is governed by the LLP Act, 2008 and registered with the Ministry of Corporate Affairs (MCA). The partners collectively own an LLP, but each partner retains his/her individual rights and liabilities.
The partner can decide how much he wants to give in as his personal funds and because of this his exposure to risk is limited to that amount, while his private property remains his own. Such an arrangement is very popular where the risk of losing one’s livelihood is high and where one does not want to lose personal assets, for instance in cases of failure to discharge liabilities.
LLPs in India can also be registered from the comfort of your home through online means. The LLP registration process in India is quite simple, the minimum paid-up capital requirement has also been dispensed with making it truly an economical LLP registration option and one which makes LLP compliance requirements for the firm very easy. This form of partnership is usually preferred by professionals like legal practitioners, doctors and other service providers who have the option of forming a limited company to avoid liability as per the LLP Act.
The other benefits of this form of the business in a limited liability partnership are the ease of registration, and the protection it gives to the private interests/property of its partners apart from the flexibility it allows the firm, etc. Due to much lower LLP compliance requirements, these are very common and are preferred by professional firms. The cost efficiency as well is more. So these are widely used in the service sector or small professional firms.
LLP Registration Packages
Choose a plan that fits your firm’s business requirements the best. All packages contain expert support and a seamless online LLP registration process. We also provide fast LLP registration service for your firm with our LLP registration price very reasonable.
Starter
Packages starting from
₹ 4,499 +Govt. Fee
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- LLP Incorporation Certificate
- LLP Agreement
- PAN
- TAN
Advanced
Packages starting from
₹ 5,499 +Govt. Fee
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- LLP Incorporation Certificate
- LLP Agreement
- PAN
- TAN
- GST Registration
Premium
Packages starting from
₹ 29,999 +Govt. Fee
(All Inclusive)
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- LLP Incorporation Certificate
- LLP Agreement
- PAN
- TAN
- GST Registration
- IEC Registration
- Filing of Form 8
- Filing of Form 11
- 2 Filing of DIR-3 KYC of designated partners
- Income Tax Filing of LLP
- GSTR 3B Filing (Monthly/Quarterly basis, as applicable)
- GSTR 1 Filing (Monthly/Quarterly basis, as applicable)
- LUT Filing (if applicable)
- TDS Returns ( for one year upto 50 entries)
- Form 24Q / Form 26Q / Form 27Q
- Generation of Form 16A on quarterly basis
- Form 16 on Annual basis for upto 5 employees
- Quarterly Meeting with a Senior for accounts review and tax planning (30 minutes)
- 2 ITR Filing of designated partners
- Quarterly Advance tax calculation
Document required for LLP registration
The LLP registration documents are very simple in nature. Below we have provided the list of the documents which will help you to get the LLP incorporation procedure as smooth as possible
For Partners
- PAN Card
- Aadhaar Card
- Passport (mandatory for foreign nationals / NRIs)
- Latest address proof (bank statement, electricity bill, etc.)
- Passport-size photograph
For Registered Office
- Utility bill (not older than 2 months)
- Rent agreement or ownership proof
- No Objection Certificate (NOC) from owner
Eligibility & Basic Requirements
- Minimum 2 Directors
- Minimum 2 Shareholders
- At least 1 Designated Partner must be a resident of India
- No minimum paid-up capital requirement
- Registered office address in India
LLP vs Private Limited Company vs Partnership Firm
Choosing the right business structure is the most important decision before registration. Here is a quick comparison to help you decide.
| Feature | LLP (Recommended) | Pvt Ltd Company | Partnership Firm |
|---|---|---|---|
| Legal status | Separate legal entity | Separate legal entity | Not a separate entity |
| Partner liability | Limited to contribution | Limited to shareholding | Unlimited personal liability |
| Minimum members | 2 partners | 2 directors + 2 shareholders | 2 partners |
| Compliance | Low — Form 8 & 11 | High — Board meetings | Very low |
| Taxation | 30% flat + surcharge | 22% or 25% | 30% flat |
| Audit | Turnover > ₹40L | Mandatory | Turnover > ₹1 Cr |
Benefits of LLP Registration
One of the reasons why LLP has become so popular in a short time is that the benefits of LLP registrations have become an advantage for many businessmen. Listed below are some of the biggest advantages of becoming an LLP:
Coverage against Unlimited Liability
Partners are not individually and solely responsible for debts of their business. They face a level of restriction about their debts - this happens up to the limit of their capital. This way partners are protected with limited liability, a feature very important for partners.
Separate Legal Entity
Limited Liability Partnership (LLP) is an autonomous entity with unique identity and rights independent of the partners. Its capacity to own property (assets), sign agreements (enter contracts), sue and be sued apart from the partners is a strong point. The result is a LLP being granted a separate legal entity.
Lower Compliance Requirements
LLPs have simplified annual filings and record-keeping. This reduces administrative burden and keeps compliance easy to manage.
Affordability
As an LLP, not only is the first-time setting up cheaper than in a Private Limited Company (Pvt Ltd) but also the maintenance costs are less. It becomes the ideal business formation choice for those wanting the cheapest LLP registration that is a Small Medium Enterprise (SME).
Operational Flexibility
Roles, responsibilities, and profit-sharing ratios are defined in the LLP Agreement. Partners can manage operations efficiently.
Perpetual Succession
The LLP continues to exist even if partners leave or join. This ensures continuity and stability in business operations.
Step-by-Step Process of LLP Registration
FOXTAX follows a simple and transparent LLP registration process:
Consultation & Document Collection
Our experts assess your business needs and collect the required documents.
Name Approval
The approval of the LLP name is made by us via the MCA website.
DSC & DPIN Registration
Digital Signature Certificates (DSC) and Designated Partner Identification Numbers (DPIN) are obtained.
Incorporation Filing
We make the incorporation papers for the LLP and submit them to the Ministry of Corporate Affairs using the MCA portal.
Certificate of Incorporation
Upon being approved, the MCA hands out a Certificate of Incorporation with a unique code called LLPIN (LLP number).
LLP Agreement Filing
The LLP Agreement is drafted and filed within the prescribed timeline.
Frequently Asked Questions (FAQs)
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