Limited Liability Partnership (LLP) Registration
- Application submission Guaranteed within 14 days, completely online & hasslefree
- Transparent process through follow-up and regular updates
Right plan for your business
Ledger Crafter's incorporation experts register over 1500 companies every month.
Standard
Standard application filing: Regular processing time-
What you'll get -
Expert assisted process
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Your company name is reserved in just 2 - 4 days
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DSC in 4 - 7 days
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LLP Incorporation form filing done in 21 days*
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LLP Incorporation Certificate
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LLP agreement form filing done in 14 days(Post Incorporation)
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Company PAN+TAN
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DIN for directors
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Zero balance current account with up to 7% interest
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GST Registration Free 🎉
Fastrack
Expedited application filing: Faster processing for quicker results-
What you'll get -
Expert assisted process
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Your company name is reserved in just 24 hours*
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DSC in 24 hours*
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LLP Incorporation form filing done in 14 days*
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LLP Incorporation Certificate
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LLP agreement form filing done in 7 days(Post Incorporation)
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Company PAN+TAN
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DIN for directors
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Zero balance current account with up to 7% interest
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GST Registration Free 🎉
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Trademark Registration Free 🎉
Premium
Complete solution(LLP incopration + Annual compliance)-
What you'll get -
Expert assisted process
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Your company name is reserved in just 2 - 4 days
-
DSC in 4 - 7 days
-
LLP Incorporation form filing done in 21 days*
-
LLP Incorporation Certificate
-
LLP agreement form filing done in 14 days(Post Incorporation)
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Company PAN+TAN
-
DIN for directors
-
Zero balance current account with up to 7% interest
-
GST Registration Free 🎉
Documents Required for LLP Registration
Identity and Address Proof
Scanned copy of PAN card or passport (foreign nationals & NRIs)
Scanned copy of voter ID/passport/driving
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned passport-sized photograph specimen signature (blank document with signature [directors only)
Registered Office Proof
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned copy of notarised rental agreement in English
Scanned copy of no-objection certificate from the property owner
Scanned copy of sale deed/property deed in English (in case of owned property)
Limited Liability Partnership Registration Process
What we will do
What Is Limited Liability Partnership?
LLP is a popular type of partnership where limited liability Partners enjoy protection of personal assets from debts, liabilities & damages. An LLP is a corporate body and legal entity separate from its partners. It has perpetual succession in every state and is registered under the LLP Act, 2008
An LLP (Limited Liability Partnership) is a corporate business structure that offers its members the benefit of limited liability, just like a company. It allows partners to manage internal affairs based on mutually agreed-upon terms, similar to a partnership firm. Partners have reduced liabilities for any future debts incurred in the course of running the business.
An LLP combines features of both a corporate structure and a partnership firm, making it a hybrid entity that provides the best of both worlds. Partners are required to contribute to the LLP as specified in the LLP Agreement, and their contributions can take various forms, such as tangible or intangible assets, movable or immovable property, money, and cash.
In an LLP, the Company itself is liable for any losses or debts incurred in business operations, which means individual members of the LLP are not personally responsible for such financial obligations.
Stages of Incorporation of LLP
Procure Digital Signature Certificate
To file online forms with the MCA, applicants and partners of the LLP need a Digital Signature Certificate (DSC) with a validity of 2 years PAN CARD
Reserve LLP Name
- The new process for reserving a unique name for an LLP involves using the web form ‘RUN-LLP’ (Reserve Unique Name – Limited Liability Partnership)
- This simplified form replaces the old LLP Form 1 and requires basic details and the significance of the desired name
- Applicants can provide up to 2 names in order of preference, ensuring compliance with applicable provisions for name reservation
- If none of the names provided are approved, there is an opportunity to apply for two more names
- The government fees for the RUN form follow the Register Office Fees Rules
- DSC (Digital Signature Certificate) and DIN (Director Identification Number) are not required for filing the RUN form, but having an MCA portal account is mandatory
- Once the name is allotted for the LLP, it is reserved for 90 days from the date of approval.
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LLP Registration Fees
Details of Fee
**Subject to change as per the state requirements, additional professional fees incurred.
For registration of Limited Liability Partnership, including conversion of a firm or a private company or an unlisted public company into Limited Liability Partnership:
| Contribution Amount | Fee (in INR) |
|---|---|
| ₹ 1 to ₹ 1,00,000 | ₹ 500 |
| ₹ 1,00,001 to ₹ 5,00,000 | ₹ 2,000 |
| ₹ 5,00,001 to ₹ 10,00,000 | ₹ 4,000 |
| ₹ 10,00,001 and above | ₹ 5,000 |
| Contribution Amount | Fee (in INR) |
|---|---|
| ₹ 1 to ₹ 1,00,000 | ₹ 50 |
| ₹ 1,00,001 to ₹ 5,00,000 | ₹ 100 |
| ₹ 5,00,001 to ₹ 10,00,000 | ₹ 150 |
| ₹ 10,00,001 and above | ₹ 200 |
| Application Type | Fee (in INR) |
|---|---|
| An application for reservation of name u/s 16 | ₹200 |
| An application for direction to change the name u/s 18 | ₹ 10,000 |
| Application for reservation of name under Rule 18(3) | ₹ 10,000 |
| Application for renewal of name under Rule 18(3) | ₹ 5,000 |
| Application for obtaining DPIN under Rule 10(5) | ₹ 100 |
| Inspection Type | Fee (in INR) |
|---|---|
| For inspection of documents of an LLP under section 36 | ₹ 50 |
| For Copy or extract of any document under section 36 to be certified by Registrar | ₹ 5/- per page or fractional part thereof |
Important Forms in LLP Registration
| Description | e-Form with Instruction kit | e-Form |
|---|---|---|
| Application for reservation or change of name | Form 1 | Form 1 |
| Incorporation document and subscriber’s statement | Form 2 | Form 2 |
| Details in respect of designated partners and partners of Limited Liability Partnership | Form 2A | Form 2A |
| Information with regard to limited liability partnership agreement and changes, if any, made therein | Form 3 | Form 3 |
| Notice of appointment, cessation, change in name/address/designation of a designated partner or partner, and consent to become a partner/designated partner | Form 4 | Form 4 |
| Notice for change of name | Form 5 | FOrm 5 |
| Annual Return of Limited Liability Partnership (LLP) | Form 11 | FOrm 11 |
| Notice for change of place of registered office | Form 17 | Form 17 |
| Application and Statement for conversion of a private company/unlisted public company into limited liability partnership (LLP) | Form 18 | Form 18 |
| Application for direction to Limited Liability Partnership (LLP) to change its name to the Registrar | Form 23 | Form 23 |
| Application for reservation/renewal of name by a Foreign Limited Liability Partnership (FLLP) or Foreign Company | Form 25 | Form 25 |
| Return of alteration in the incorporation document or other instrument constituting or defining the constitution; or the registered or principal office; or the partner or designated partner of limited liability partnership incorporated or registered outside India | Form 28 | Form 28 |
| Application for compounding of an offence under the Act | Form 31 | Form 31 |
| Form for filing addendum for rectification of defects or incompleteness | Form 32 | Form 32 |
Documents Required for Online Company Registration
The LLP Agreement will contain essential details such as the LLP’s name, the names and addresses of partners and designated partners, the business objectives, and the registered office address. Additionally, it will include other crucial clauses, such as the form of contribution and interest on contribution, profit sharing ratio, and the rights and duties of partners in various scenarios like admission, resignation, retirement, cessation, and expulsion. The agreement will also outline the proposed business activities and the rules governing the LLP
| Basis | Partnership | LLP |
|---|---|---|
| Governing Law | Partnership Act, 1932 | limited Liability Partnership Act, 2008 |
| Registration | The Registration of Partnership is not compulsory. However, the unregistered Partnership firm cannot be sued. | The Registration of LLP is compulsory with the Registrar of Companies (ROC). |
| Liability | Every Partner is liable, jointly for the acts of other partners alone or for all the acts of the firm in the course of partnership. | Under LLP, the liability of partners is limited as per their share of contribution |
| Legal entity | Partnership firms have no separate legal entity. | The LLP has a separate legal entity. |
| ITR | No returns are to be filed with the Registrar of Firms. | Under LLP, the liability of partners is limited as per their share of contribution |
| Enforcement | Partnership Act provisions are different in various states as the enforcement of the act is at the State level. | The annual statement of accounts and annual return has to be filed with ROC. |
| Can Minor become Partner | Minor can become a partner in Partnership. | In LLP, minors cannot become partners. |
FAQ's on Limited Liability Partnership (LLP) Registration
The LLP Agreement is a legal document that outlines the rights, responsibilities, and obligations of partners in a Limited Liability Partnership (LLP). It governs the internal operations, profit sharing, decision-making, and dispute resolution within the LLP.
The income tax rate for an LLP is 30% of the total income. Additionally, a surcharge and health and education cess may apply based on the LLP’s annual income and the prevailing tax regulations.
LLP compliance under the Companies Act of 2013 refers to the statutory obligations that LLPs must fulfil. This includes filing annual returns, maintaining proper books of accounts, conducting audits, complying with tax regulations, and adhering to other legal requirements.
A partner can be removed from an LLP by following the procedures specified in the LLP Agreement. Generally, this involves obtaining the consent of other partners, executing necessary documentation, updating the LLP agreement, and notifying the concerned authorities.
The LLP registration fee varies based on the authorised capital of the LLP. It is advisable to check the latest regulations or consult our legal experts.
LLP Registration Online is done with the Registrar of Companies (ROC) in the respective state. The registration process is simplified through Vakilsearch. It involves filing the necessary documents, including LLP incorporation forms.
LLPs are treated as separate legal entities for tax purposes. The LLP itself is not taxed, but its partners are individually taxed on their share of profits from the LLP. The tax liability of partners depends on their personal income tax slab rates.
An LLC is a business entity that combines the features of a corporation and a partnership. It is privately owned and managed by its directors. On the other hand, an LLP is a partnership where the liability of the participants is limited to the amount they invest in the business. In an LLP, the directors are also the owners of the firm.
Any two or more individuals or entities, including foreigners/NRIs, can form an LLP. Professionals such as accountants, lawyers, consultants, and others often choose to form LLPs to combine their expertise and limit their liability.
Yes, LLPs are required to file their annual income tax return irrespective of profit or loss. The LLP’s income tax return (ITR) must be filed electronically using the prescribed forms and within the due dates specified by the tax authorities.
