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Quick answer: LLP registration under the Limited Liability Partnership Act, 2008 incorporates a Limited Liability Partnership. This is a business entity that combines the flexibility of a partnership with the limited liability protection of a company. An LLP is a separate legal entity from its partners. It can own property in its own name. It can sue…
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Obtain DSC and DIN for all designated partners.
Reserve unique LLP name via RUN-LLP on MCA portal.
File FiLLiP form for LLP incorporation.
Execute and file LLP Agreement within 30 days of incorporation.
Why file this
Pick your entity type below — every group lists exactly what we need for llp registration.
Select your business type to see the list.
Minimum 2 designated partners; at least 1 must be Indian resident.
Convert existing partnership / Pvt Ltd / OPC into an LLP via Form 17 / Form 18.
Why file llp 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 | 10 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 |
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LLP has partnership-style management with limited liability. A Pvt Ltd has shareholders and directors, can issue equity, and is preferred for fundraising. LLPs cannot issue equity but have lower compliance.
A minimum of 2 designated partners. There is no maximum limit on the total number of partners.
The LLP Agreement defines the rights and duties of partners, profit sharing ratio, and governance rules. It must be filed with MCA within 30 days of incorporation.
Yes, LLPs can accept FDI under the automatic route provided they meet the conditions specified under FEMA regulations.
FinTax24 charges ₹7,999 for standard LLP registration, covering DSC, DIN, name reservation, FiLLiP filing, and LLP Agreement drafting and filing. This is an all-inclusive fee for the incorporation process.
LLP registration typically takes 10-15 working days from the date we receive complete documents. The MCA portal processes FiLLiP filings in 3-7 working days for complete applications. Name reservation via RUN-LLP adds 1-3 days.
No. An LLP requires a minimum of 2 designated partners under the LLP Act 2008. If you want a single-person structure, an One Person Company (OPC) is the alternative under the Companies Act 2013.
There is no minimum capital requirement for an LLP. Partners can contribute any amount — including as little as ₹1,000 — as capital. Most LLPs are started with ₹1 lakh to ₹10 lakh to reflect a credible capital base for banking and contractual purposes.
An LLP requires a statutory audit only if its turnover exceeds ₹40 lakh in a financial year OR its partner contribution exceeds ₹25 lakh. Below these thresholds, an audit is not mandatory — a significant compliance advantage over private limited companies.
LLP registration under the Limited Liability Partnership Act, 2008 incorporates a Limited Liability Partnership. This is a business entity that combines the flexibility of a partnership with the limited liability protection of a company. An LLP is a separate legal entity from its partners. It can own property in its own name. It can sue and be sued. It can enter contracts. It pays no Dividend Distribution Tax on profits distributed to partners. It has a significantly lighter compliance regime than a private limited company. There is no requirement for statutory audit unless turnover exceeds ₹40 lakh or partner contribution exceeds ₹25 lakh. There are no board meetings. There is no AGM. For professionals, consultants, and small businesses that want a corporate structure without the full complexity of a company, the LLP is often the ideal choice.
The choice between an LLP and a Private Limited Company depends on the business's growth trajectory. A Private Limited Company can issue equity shares. It can raise venture capital. It can list on stock exchanges. This makes it the preferred structure for funded startups and businesses that plan to scale with external equity investment. An LLP cannot issue equity shares. It cannot raise equity funding from investors in the traditional sense. However, for businesses funded by the founders' own capital, professional services firms, and established businesses that prefer to distribute profits directly without the DDT layer, the LLP is more tax-efficient. An LLP also has lower annual compliance costs. No statutory audit below the thresholds. No AGM. A simpler annual return (Form 11) compared to a company's AOC-4 and MGT-7 filings.
LLP incorporation in India is done through the FiLLiP (Form for Incorporation of Limited Liability Partnership) on the MCA portal. The process begins with obtaining a Designated Partner Identification Number (DPIN) for all partners. Or a DIN if partners are already directors of companies. Partners must then obtain a digital signature certificate. The LLP name must be reserved by applying on the RUN-LLP portal. Once the name is approved, FiLLiP is filed with the LLP agreement attached. This specifies the rights and duties of partners, profit-sharing ratios, and governance structure. The Registrar of Companies processes the filing and issues a Certificate of Incorporation. The LLP Agreement must be filed separately within 30 days of incorporation using Form 3. FinTax24 manages the entire process. We handle DPIN acquisition, name reservation, FiLLiP filing, and LLP Agreement drafting and filing.
The LLP Agreement is the charter document that governs the relationship between LLP partners. It is analogous to the Partnership Deed in a traditional partnership. It specifies each partner's rights to manage the LLP. It specifies their profit-sharing ratios. It specifies their capital contributions. It specifies the procedure for admitting new partners. It specifies the process for resolving disputes. It specifies what happens if a partner wishes to exit or withdraw. The default rules under Schedule 1 of the LLP Act apply if no agreement is in place. These defaults give equal rights to all partners. This may not reflect the partners' actual arrangement. An orally agreed profit-sharing arrangement is not enforceable if not documented in the LLP Agreement. FinTax24 drafts a comprehensive LLP Agreement that reflects the partners' actual commercial understanding. We ensure all governance mechanisms are clearly documented.
An LLP must file an Annual Return (Form 11) and Statement of Accounts and Solvency (Form 8) every year with the Registrar. If the LLP's turnover exceeds ₹40 lakh or partner contribution exceeds ₹25 lakh, the accounts must be audited by a tax professional. LLP Income Tax Return (ITR-5) must be filed every year. The LLP must have at least two designated partners. At least one of them must be an Indian resident. Any change in partners, the LLP Agreement, or the registered office must be filed with the ROC within 30 days. FinTax24 provides a complete annual LLP compliance package. This covers Form 8, Form 11, ITR-5, DIN KYC for all partners, and any event-based filings. We keep the LLP in good standing throughout the year.
Key sources — see llp registration rules below: FinTax24 Compliance Desk.
Reviewed by FinTax24 Compliance Desk · Review date
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