LLP Registration

What is an LLP — Limited Liability Partnership?

A Limited Liability Partnership (LLP) combines the flexibility of a partnership with the limited liability protection of a company. It is governed by the LLP Act, 2008 and is a popular choice for professional services firms, consultancies, and small businesses. FinLegit registers your LLP for ₹12,000 all-inclusive, covering 2 partners, DIN, and DSC.

Documents Required

• PAN and Aadhaar of all designated partners
• Photographs of partners
• Registered office address proof
• Proposed LLP name options

LLP Registration Process

1. Name reservation via LLP-RUN on MCA portal
2. DSC and DPIN (Designated Partner Identification Number) for all partners
3. Filing FiLLiP (Form for Incorporation of LLP) on MCA
4. Drafting and filing LLP Agreement (Form 3)
5. Certificate of Incorporation with LLPIN

LLP vs Private Limited Company

• LLP has fewer compliance requirements (no mandatory board meetings or annual returns with financials for small LLPs)
• LLP profits are taxed at partner level, no dividend distribution tax
• LLP cannot issue shares or raise equity investment
• Ideal for professional firms: law, CA, consulting, architecture

Frequently Asked Questions

Is an LLP a separate legal entity?
Yes. An LLP is a distinct legal entity, separate from its partners, and can own property and enter into contracts.

What is the annual compliance for an LLP?
An LLP must file Form 8 (Statement of Accounts) and Form 11 (Annual Return) with MCA each year.