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A Limited Liability Partnership is a business that is owned, managed and controlled by two persons. It is one of the most common and popular forms of business in India, used by small businesses operating in the organized sectors. A Limited Liability Partnership is very easy to start and have very minimum regulatory compliance requirement for getting started. However, after the startup phase, A Limited Liability Partnership offer the promoter a host of other benefits such as limited liability, separate legal entity, independent existence, transfer-ability, etc., which are desirable features for any business. Therefore, A Limited Liability Partnership is suited for organized, small businesses that will have a limited existence.

A Limited Liability Partnership Registration in India is also cheaper than a private limited company, requires less compliance and can be a smart choice from a tax perspective. However, if you're looking to raise venture capital or attract talent with employee stock options, private limited is the way to go as LLPs cannot easily accommodate it. This is why they are most popular with professional services firms (web designers or architects, for example) that require no equity funding.

Minimum Requirements of Limited Liability Partnership:

1.   Minimum 2 partners
2.   No capital requirement
3.   At least one Designated Partner as Indian Resident
4.   DPIN for all partners

Features/Advantages of Limited Liability Partnership Registration:

First and foremost benefit of trading/doing business via LLP is the limited liability conferred upon the partners. As a sole trader or partnership business, personal assets of the proprietor or partners can be at risk in the event of a failure of the business, but this is not the case for an LLP. Unfortunate events like business failures are not always under an entrepreneur’s control; hence it is pivotal to secure the personal assets of the businessman in the event of crises.

Audit is not required unless capital exceeding Rs. 25 lakh or turnover exceeding Rs. 60 lakh.

There is no minimum capital requirement for incorporating an LLP.

Documents required for LLP Registration:

  • PAN for Indian Nationals
  • Notarized Passport copy for Foreign Nationals
  • Passport, Driver License, Aadhar (And) bank statement or Electricity Bill
  • The two document must be valid, recent and less than month old
  • Rental agreement or Sale deed (And) copy of Electricity Bill, Property Tax Receipt
  • No Objection Letter from landlord for use of Premises as Registered Office
  • Signed Digital Signature Application Documents in Hard Copy
  • Other incorporation Documents Signed and uploaded as soft copy

Process for LLP Registration

  • DSC (Digital Signature) of two partners
  • DIN (Directors Identification Number) of two partners
  • LLP Name Approval from ROC
  • Certificate of Incorporation is generated by Submitting Final Documentation (like Subscription Page, Business Address Proofs, etc.)
  • LLP Agreement will be prepared and submitted to ROC
  • Application for PAN & TAN

FAQs on Limited Liability Partnership

Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner. Under LLP structure, liability of the partner is limited to his agreed contribution. Further, no partner is liable on account of the independent or un-authorized acts of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful acts or misconduct.
A basic difference between an LLP and a company lies in that the internal governance structure of a company that is regulated by statute (i.e. Companies Act, 2013) whereas for an LLP it would be by a contractual agreement between partners.
First ensure that LLP name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if your name is not a registered trademark. Also, make sure the name is not too generic to be accepted by the ROC land also; try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is IT then word is Technology, techno soft, IT consultancy. You can check your company name from
Any person intending to become Designated Partner in a LLP must apply for Designated Partner identification number, issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DPIN. If the documents are in order, the DPIN is approved within 3-4 days. The approved DPIN is valid for life.
Yes, a salaried person can become the partner in LLP, but there should not be any legal bondages with your employment agreement if it contains any restrictions on doing so.
The Process of LLP Incorporation usually takes 15-20 working days but sometimes due to extra work load of ROCs, this time may increases.
No, LLP Registration process is online. You don’t need to visit office. All the documentation part can be done through courier/speed post. If you wish to come & Visit our office you can do so after taking an appointment with us.
Yes, A LLP can change its registered office any time after following specified procedure. The changed address can be situated within the same state or in a different state from the state in which it was originally registered.