Company Registration
Limited Liability Partnership Registration
Quick answer: Register a Limited Liability Partnership (LLP) under the LLP Act, 2008 — combines partnership flexibility with company-style limited liability.
₹7,999
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Why choose FinTax24
- 3500+ LLPs registered
Audience
Who needs Limited Liability Partnership Registration?
- Small and medium businesses seeking limited liability without Pvt Ltd compliance cost
- Professional services firms — CAs, lawyers, consultants, architects, designers
- Family-owned businesses looking for a formal entity with shared management
- Partnership firms converting to LLP for limited liability and tax planning
- Startups operating with 2-50 partners preferring LLP structure over Pvt Ltd
- Foreign investors entering India via LLP under RBI FDI policy (negative sectors only)
How it works
- 1
DSC & DPIN Acquisition
Digital Signature Certificate and Designated Partner Identification Number (DPIN) are obtained.
- 2
Name Reservation (RUN-LLP)
Proposed LLP name is reserved via RUN-LLP with two name preferences in priority order.
- 3
LLP Agreement Drafting
LLP Agreement is drafted specifying profit sharing, capital, rights and partner duties.
- 4
FiLLiP Form Filing
Form FiLLiP is filed on the MCA21 portal with DSC of designated partner and partner details.
- 5
Certificate of Incorporation
MCA issues Certificate of Incorporation with LLPIN — registration is effective from this date.
- 6
Post-Registration
LLP Agreement is stamped, bank account is opened and GST / PAN are applied for.
Timeline
Why file this
Benefits of limited liability partnership registration
- Limited liability for partners — personal assets protected beyond capital contribution
- Lower compliance burden than Pvt Ltd — no annual audit for small LLPs under rule 35
- No minimum capital requirement — start with any nominal capital contribution
- Separate legal entity — can own property, sue and be sued in its own name
- Perpetual existence — survives partner changes, death or retirement
- Lower statutory audit threshold — audit required only if turnover exceeds ₹40 lakh or capital > ₹25 lakh
- Easy conversion from partnership firm or sole proprietorship to LLP
Documents required
8 documents needed for limited liability partnership registration.
- PAN of all proposed partners and designated partners
- Aadhaar / voter ID / passport of all partners and designated partners
- Address proof of all partners — utility bill, bank statement or driving licence
- Registered office address proof — utility bill, lease deed and NOC from owner
- DSC of at least one designated partner for filing on the MCA21 portal
- DPIN of all designated partners — applied via Form DIR-3 if not allotted
- Draft LLP Agreement specifying profit sharing, capital and partner rights
- Photograph and affidavit of all partners for KYC and MCA submission
DIY vs FinTax24
Why file limited liability partnership registration with FinTax24 instead of doing it yourself.
| Aspect | DIY / Portal | Local Tax Consultant | FinTax24 |
|---|---|---|---|
| Filing time | 7–14 days (typical) | Varies by availability and workload | 7-15 business days |
| Expert review | None | Depends on the consultant | Expert verified on every filing |
| Document check | You self-verify; rejected on portal | Manual review may vary | Pre-verified by our team before submission |
| Support | Email / chatbot | Appointment-based or office hours | WhatsApp + phone, Mon–Sat 10 AM–7 PM IST |
| Pricing | Government fees only | Consultant fee + government fees | Transparent: From ₹7,999 + govt fees |
Frequently asked questions
How many partners are required for LLP registration?
Minimum 2 partners are required for LLP registration under the LLP Act, 2008. Maximum is not capped by statute. At least 2 designated partners must be individuals and at least one of them must be an Indian resident. There is no upper limit on partners.
What is the difference between LLP and Pvt Ltd Company?
LLP is governed by the LLP Act, 2008 and Pvt Ltd by the Companies Act, 2013. LLP has lower compliance cost, no mandatory annual general meeting, no board of directors. Pvt Ltd has stricter governance, mandatory AGM, board, and audit. LLP partners have limited liability but no shares.
Is LLP registration taxable as a company?
LLP is taxed as a partnership firm under section 184 of the Income-tax Act, 1961. LLP income is taxed at flat 30% plus surcharge and cess. There is no Dividend Distribution Tax (DDT) on profit distribution to partners — partners are taxed on their share of profit.
Can a foreign national be a partner in an LLP?
Yes. Foreign nationals and NRIs can be partners in an LLP subject to FDI rules under RBI FDI policy. LLPs with foreign investment are allowed only in sectors under the FDI negative list. LLP agreement and partner KYC must include passport, visa and FEMA declarations.
What is the cost of LLP registration?
Government fee for LLP incorporation via FiLLiP is nominal — ranges from ₹2,000 to ₹5,000 depending on capital. Professional fees cover DSC, DPIN, RUN-LLP, FiLLiP filing and LLP Agreement drafting. Total cost is fixed and quoted upfront.
Is LLP Agreement required to be stamped?
Yes. The LLP Agreement is stamped as per the state stamp schedule under the Indian Stamp Act, 1899. State rates vary; for example, Maharashtra charges ad valorem duty on the LLP Agreement based on contribution. Non-stamped agreements may not be admissible as evidence.
Can a partnership firm convert to LLP?
Yes. Under section 55 of the LLP Act, 2008, a partnership firm can convert to LLP with the consent of all partners. The assets, liabilities and rights of the partnership are transferred to the LLP. CA / CS handles conversion via FiLLiP and Form 17 filing.
Sources & authority: For regulations on limited liability partnership registration, refer to mca.gov.in , llp.gov.in .
Last reviewed by: FinTax24 Compliance Desk · Reviewed on:
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