Limited Liability Partnership Company Registration

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Limited Liability Partnership Registration


Limited Liability Partnership

LLP registration in India is governed under The LLP Act,2008. It is regulated by MCA (Ministry of corporate affairs). LLP is registered with the ROC (Registrar of Companies). An application to register LLP has to be made online at the e-filing system or you can apply for LLP registration with us to get it done easily. We will take care of your entire application process.

Documents Required


for Pvt. Ltd. Company Registration

5 Simple Steps


to LLP Registration

Advantages & Benefits


Why to Register LLP

Separate Legal Entity

The partners in an LLP are distinct from the entity which is established under LLP Act and can sue each other for any kind of misconduct.

Uninterrupted Existence

An LLP has ‘perpetual succession’, that is continued existence until it is brought on the terms of the dissolution by mutual agreement within the partners. Partners may come and go, but an LLP goes on.

Audit not required

Entrepreneurs earning a turnover of fewer than 40 Lakhs and a capital contribution of less than 25 Lakh need not get their accounts audited .Therefore, LLP is a perfect choice for those who want to start their own venture but want to have the minimum company compliance.

Easy Transferability

The ownership of an LLP can be easily transferred to another person. All you need is to induct them as a Designated Partner of the LLP. LLP is a separate legal entity separate from its Managing Partners, so by changing the Managing Partners, the ownership of the LLP can be changed.

Owning Property

An LLP being a juristic person, can acquire, own and enjoy the property in its own name. And this is entirely distinct from its partners. During any kind of dispute between partners, no partner can claim upon the property of the LLP as long as the LLP.

Limited Liability

Unlike proprietorships and partnerships, in an LLP the liability of the members in respect of the LLP’s debts is limited. The personal assets of the directors are safe if the company goes bankrupt. So it’s entirely a win –win situation for you if you plan to step to head forward with a suffix LLP.

Frequently Asked Questions (FAQs)

What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership is a hybrid of Company and Partnership form of business. It combines the advantages of both the Company and Partnership into a single form of organization. It enjoys the benefits of having a separate legal entity, perpetual succession and a limited liability.
What is the minimum number of Partners required to start a Limited Liability Partnership?
At least two partners are required for LLP registration. The maximum partners can be 200. If you are the sole owner, you can register as a One Person Company.
What are the salient features of a Limited Liability Partnership (LLP)?
  • It is a separate legal entity with perpetual succession.
  • Every limited liability partnership shall have either the words “limited liability partnership” or “LLP” as the last words of its name.
  • A minimum of two Designated Partners will be required and there will not be any limit to the maximum number of partners.
  • Every Designated Partner would be required to obtain a “Director’s Identification Number” (DIN).
Who can become a partner in LLP?
Any individual/organisation can become the partner in LLP including foreigners/NRI’s. However, the individual must 18+ above in terms of age and should have a valid PAN card.
What are the advantages of forming an LLP?
  • Low cost of Formation of LLP.
  • It is easy to register an LLP due to lesser technical formalities and legal complexities.
  • No requirement of audit of the LLP upto a certain limit, hence it is easier to maintain LLP.
  • There is no minimum authorized capital requirement for an LLP.
  • There is no restriction on the maximum number of partners.
  • Individual Partners are not liable for the acts of other partners, unlike a partnership.
  • The partners have limited liability and their personal assets are not exposed except in cases of fraud.
  • Lesser formalities to maintain statutory records.
Can I register the LLP at my home address?
Yes, you can register your LLP at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office. You just have to provide your home address proof such as rent agreement or electricity bill.
What is the difference between LLP and a Partnership Firm?
  • An LLP is governed by the provisions of the LLP Act, 2008 whereas a Partnership is governed by the Partnership Act, 1932.
  • Registration of an LLP is compulsory but the registration of a partnership firm is optional.
  • A partnership firm does not have a perpetual succession.
  • An LLP can purchase immovable property in its own name, unlike a partnership firm, which cannot purchase property in its own name
What are the steps to incorporate LLP?
Name reservation: The first step to incorporate Limited liability partnership (LLP) is reservation of name of LLP. Applicant has to file e-Form 1, for ascertaining availability and reservation of the name of a LLP business. Incorporate LLP: After reserving a name, user has to file e-Form 2 for incorporating a new Limited Liability Partnership (LLP).
Can an existing partnership firm/ private company/ unlisted company be converted to LLP?
Yes, an existing partnership firm/ private company/ unlisted company can be converted into LLP.
Who can be a “Designated Partner” and what are its requirements?
Appointment of at least two “Designated Partners” is mandatory for all LLPs. And both shall be individuals and at least one of the Designated Partners shall be a resident of India. In case of a LLP in which either one or all the partners are bodies corporate, then at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.
What is the manner in which a partner of an LLP can bring his contribution?
Partner’s contribution may consist of both tangible and/or intangible property and any other benefit to the LLP.
When does audit becomes mandatory in case of LLP?
‘LLP’ is required to get their books of accounts audited when the total revenue is more than INR Rs. 40 lacs or total capital of partners exceeds INR Rs. 25 lacs.
Whether LLPs would be required to maintain books of accounts?
An LLP shall be under an obligation to maintain annual accounts reflecting true and fair view of its state of affairs. A “Statement of Accounts and Solvency” in prescribed form shall be filed by every LLP with the Registrar every year.
Whether annual return would be required to be filed?
Every LLP would be required to file with ROC an Annual Return every year.
Whether e – filling of documents with ROC would be allowed?
Yes, the filling and inspection of documents can be done online through the website.
Can I start an LLP in my home address or do I need to rent a commercial space?
There is no need to rent a commercial space just for forming an LLP. You can start it right from your home address.
In that case, what documents should be furnished?
A latest utility bill, namely electricity or a land-line telephone bill (not older than 2 months) and a tax receipt would be required to be furnished.
But my residential house is registered in my mother’s name. Can I still use it for registering my LLP?
Yes, you can. It is not necessary that the property has to be registered in the partner’s name.
Does an LLP also have to maintain the record of meetings?
Yes, proper Minutes Book should be maintained by the LLP to record Minutes of the Meetings of the partners.
Is there any provision related to meetings of the partners, like that of a private limited company?
No, there is no such provision. The LLP Act assigns the liberty to the partners for deciding the frequency of the meetings.
Can an LLP be converted into a private limited company in future?
No. Although there is an enabling provision in the Companies Act, 2013 for this, yet there are no such said rules and mechanism in place for conversion of an LLP into a private limited company.
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