Register Limited Liability
Partnership (LLP) India

8,499/- (inclusive of all taxes & fees)

Important Points

  • - LLP registration in 20 to 25 days.
  • - Completely online service - No physical presence required
  • - No minimum capital requirement

Limited Liability Partnership (LLP)

Know what is LLP? and how it is registered?

What is a Limited Liability Partnership (LLP)?

LLP is a partnership firm with additional benefits of a private limited company. It is launched in the year 2008, LLP offers various benefits over the traditional partnership firms. One of the best LLP benefit is that personal assets are safe under LLP but not in traditional firm.

How to register Limited Liability Partnership (LLP) in India?

Limited Liability Partnership (LLP) require only 2 persons to start with and there is no minimum capital requirement for LLP registration. The LLP registration procedure is as follows:

#Prepare DSC and file Name Approval: The first step is to prepare DSC and DIN. This takes sometime one to two days. Thereafter, you need to file for name approval. The first word of the name should be unique and name should end with the words “LLP”

#File for Incorporation: After taking name approval, the next step is to file the LLP incorporation in form 2 after preparing the necessary documents.

#File LLP Agreement: After incorporation, LLP agreement must be drafted and finalized and printed on stamp paper. Then the same needs to be filed to the registrar within 30 days via Form 3.

Documents required for LLP Registration in India

For Designated partners

  • Copy of PAN Card
  • Aadhar Card
  • Address Proof (Bank Statement, Mobile Bill, Telephone Bill)
  • Passport Size Photo

For Registered Office

  • Ownership Proof (Electricity Bill etc)
  • Utility Bill (Gas Bill, Electricity Bill)
  • NOC (Download format)

LLP Registration Process - Checklist for LLP Registration

LLP registration process is very simple with hubco.in but it needs careful drafting of the incorporation points. Also,The procedure is completely online and one need not visit our office physically to get the LLP registration.

# Step 1 - Arrange all required documents: The first step is to arrange all the documents and send the same over the email to us. We will check it and if everything is fine, you will required to pay 50% advance.

# Step 2 - DSC, DPIN and Name Approval: After receiving the required documents and 50% advance, we shall start your work. We will get the DPIN, DSC and the name approval.

# Step 3 - File for incorporation: Once your name is approved, you will be required to pay the rest of the amount and then we will file the incorporation and after that we shall draft the LLP agreement and help you to file the same.

Time & Cost for LLP Registration in India

The Total Cost Breakup

Items Qty Price
Digital Signature Certificate (DSC) 2 1,998
Director Identification Number (DIN) 2 1,000
Name Approval 1 200
Incorporation Fee - 1,000
PAN and Tan Application - 180
Professional Fee (Inclusive of Taxes) - 3,121
Total LLP Registration Cost in India 7,499

Time for LLP registration

It takes around 20 to 25 days to complete the company registration process subject to MCA approvals.

How to choose LLP name for Online LLP Registration?

LLP name is the most important part of registration & hence should be selected with utmost care. Here is the name format

ABC (Prefix) + Technologies (Suffix) + LLP (End)



  • # ABC - Prefix:The prefix should reflect your brand name and should be unique. I.e. no it should not match with any existing company or trademark. The example of prefix i.e. your first word is TATA, Reliance, Hubco etc.
  • # Technologies - Suffix:It is regarded as the second word of your company name. This should reflect your main proposed business. E.g., if you are into technology company, then write technology, for steel business, you can use TATA Steel Ltd.
  • # LLP - End:These are the ending words which are mandated by law. Every LLP shall end his name with words LLP.The words indicate that LLP means Limited Liability Partnership.

Further some other conditions of rule 8 of Companies (Incorporation) Rule, 2014 needs to comply with.

Mandatory Requirements for LLP Registration in India

Now a days, LLP registration has been eased a lot by the Ministry of Corporate Affairs (MCA). Further, LLP registration gives you the mental peace by securing your personal assets. This is because in todays world, where business are competing like anything, securing your personal assets is a real challenge. Here are basic requirements:

  • Minimum two people are required to start a LLP in India.
  • Drafting of LLP agreement is a must.
  • Whatever your capital amount is, you must invest the same into the business

LLP vs. Private Company Registration - which form to choose

This is one of the most asked question by startups as to which form to choose and very often they don’t get the correct advise as well. Hence, we have drafted a table based upon number of factors which influence your decision. Read the table and decide yourself:

Factors Private Limited Company Limited Liability Partnership
Fund raising Fund can be raised through any private investor,by diluting the equity shares. LLP is not eligible to raise funding because it does not have shares schema.
ESOP’s Company can retain their key resource by issuing them ESOPs. There is no such concept
Compliance Compliances are high here and even need to comply in case of no revenue. There are very few compliances to be made as compared to Private Company.
Trust Companies are considered trust worthy in comparison to LLP. LLP is a very new form and hence, not very famous and therefore less trust worthy.
Preference it is preferred by startups as it offers various advantages. It is preferred by traditional business who only runs and does nothing modern
Act It is governed by more complex act i.e. Companies Act, 2013. it is mostly governed by LLP act and the LLP agreement.

Drafting of LLP Partnership Agreement in India

LLP agreement is the sole documents which governs the entire LLP operations and therefore, it automatically becomes more important. Even if you are not registering your LLP with Hubco.in, then you you must ask your service provider to draft the LLP agreement properly and make sure to include the following points:

  • Capital and Profits: Gone are the days when people used to trust and commit upon oral agreements. Hence, your agreement must contain the points regarding initial capital, Interest on loan, capital and profit distribution etc.
  • Partners rights & Duties: Mostly partners are set apart because of miscommunication between the partners and hence you must document the rights and duties properly.
  • Other: You should also include points like Admission of new partner, retirement, expulsion etc.

Mandatory Compliances after LLP Registration

LLP has few compliances to follow after registration, however if you miss any of the deadline, then there is a penalty of Rs.100 per day and maximum, there is no limit. Here are few important compliances:

FORM 11

Annual return of LLP needs to be filed within 60 days by 30th May of the next year.

FORM 8

The statement of Account & Solvency is to be filed by 30 October of the next year.

AUDIT

Audit is mandatory if turnover crosses 40 lakh or contribution is more than 25 Lakh.

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What all you can do under LLP Registration?

A LLP Partnership Can

Do any type of business except which is specifically restricted by law.

Can distribute or pay profits back to the LLP partners including interest on capital.

Can work very flexible based upon the agreement.

Buy property in its own name because of separate legal entity status.

A LLP Partnership Cannot

Cannot accept deposits from general public. Check before accepting anything in a public company.

Cannot issue shares and raise capital from the private investors, angel investors etc.

Cannot issue any unsecured debentures, bonds etc.

Advantages & Disadvantages of LLP Registration in India

Advantages of LLP Registration

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No minimum capital

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Secure personal assets

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Best way for traditional business

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Can give loans to partner

Disadvantages of LLP Registration

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Cannot accept deposits

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Strict penalties

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Yearly compliance cost

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Easy funding from investors not allowed.

FAQs about LLP Registration

Q. Is there any minimum capital requirement to register a LLP in India?

No, there is no minimum capital requirement for LLP formation in India. Any person can incorporate a LLP of capital of his choice.

Q. What do you mean by Designated partners? And who can become a partner in LLP?

Designated Partners are the partners who are responsible for the whole conduct of the LLP. They are appointed since incorporation to take care of the LLP functioning. Each designated partner is allotted a DPIN which is another name for DIN.

Any person including the body corporate can become the designated partner.

Q. What documents are required to open the bank account of LLP in India?

The following documents are required to open the bank account in the name of the LLP in India:

  • Certificate of Incorporation (COI)
  • PAN CARD Acknowledgment
  • LLP Agreement
  • PAN and ID of the designated partners
  • Some formats to be given by Bank itself.

Q. Is audit of LLP is mandatory as per the LLP act?

No, the audit of LLP is not mandatory from zero turnovers. However, it becomes mandatory if the total contribution by partners is more than 25 lakh or the total turnover is more than 40 lakhs.

Q. Is separate office space required for LLP registration?

No, separate office space is not required for LLP registration. You can even register the LLP at your residence i.e. home address.

Q. What are major annual compliances for LLP? What are the due date for annual filing i.e. Form 8 and Form 11 and Income Tax return for LLP in India?

Every LLP needs to file the two forms and a Income tax return after the end of financial year. The forms and the due dates are as follows:

Form 11 – Annual Return of LLP

It is to be filed within 60 days from the closure of the financial year i.e. 30th May

Form 8 – Statement of Account & solvency

It is to be filed within 30 days from the end of six months of the Financial year.

Income Tax Return for LLP

It is to be filed by 31st July

Q. Can we convert Company into the LLP? What is the difference between Private Company and LLP?

Yes, a Company can be converted into a LLP and the whole transaction shall remain tax exempt if condition under section 47 of income tax act, is fulfilled. Further, the difference between the private Company and LLP is as follows:

Private Limited Company

Limited Liability Partnership

It is the superior form of business than LLP and hence better than LLP. It is registered under Companies Act, 2013.

It is the latest form of partnership which is registered under limited Liability Partnership Act, 2008.

Private Limited Company offers funding option from the VC, angel investors etc.

LLP does not offer this feature and hence funding option is not available.

Innovative measure like ESOPs can be used under private company

LLP cannot offer ESOPS options and hence not preferred for startups.

Compliance cost is high as compared to LLP.

Compliance cost is low as compared to Private Company

Q. Is LLP registration in New Delhi is different from rest of India?

No, LLP registration is done under the Limited Liability Act, 2008 which is a act passed by the parliament of India and hence it is uniform all over the country. Further, the whole procedure is online for which you need not to be present in person and send documents on the email.

Q. List the important features of LLP formation in India as per the LLP Act, 2008?

Here are important features of LLP formation in India:

  • LLP offers you separate legal entity status and hence it helps you to protect from any legal claims and cases.
  • LLP helps you in loan funding even if you have bad cibil score.
  • LLP name always remain secure and no one shall be able to copy.
  • LLP is subject to audit and annual filing.
  • LLP needs to file form 8 and Form 11 within due dates.

Q. What are the major disadvantages (cons/demerits) of Limited Liability Partnership (LLP)?

LLP business has many advantages but still has some disadvantages as well like:

  • LLP is subject to audit and other compliances if turnover crosses the 40 lakh limit and contribution crosses the 25 lakh mark.
  • Penalties under LLP have no maximum limit and hence if you forget to file any form it shall subject to penalty of Rs.100 per day.
  • LLP cannot raise funding and hence not preferred for startup who are looking for funding.

Q. What are the major advantages (pros/merits) of Limited Liability Partnership (LLP)?

LLP is the modern way of doing partnership business in India and have major advantages over the traditional business:

  • LLP offers you limited liability and hence secure your personal assets.
  • LLP is a separate legal entity and therefore protect you from any legal claim or any legal cases.
  • The name of the LLP shall remain unique and no one will be able to copy the same.

Q. What do you mean by incorporation of LLP under Companies, Act 2013?

This question in fact is fundamentally wrong. Incorporation of LLP is done under the Limited Liability Partnership Act, 2008 and not under Companies Act, 2013.

Q. What is the difference between traditional Partnership registration and Limited liability Partnership (LLP) in India?

Here is the outlined difference between the traditional partnership and LLP:

Traditional Partnership

Limited Liability Partnership

It is old form of business and partnerships are registered under Indian partnership Act, 1932.

It is the latest form of partnership which is registered under limited Liability Partnership Act, 2008.

Traditional partnership risk of unlimited liability and hence personal assets are not safe.

Its offers the protection to personal assets by limiting the liability.

Name of the firm is not secure, anyone can open on the same name.

Once registered with the name, no one shall be able to register with the similar name.

There is no yearly compliance.

There is a requirement for annual filing and any delay leads to penalty of Rs.100 per day.

Q. What is the late filing of Form 3 for filing the LLP agreement in MCA?

After incorporation of LLP, the copy of signed agreement is filed to the Registrar of Companies via Form 3 within 30 days from the date of incorporation. However, in case you are not able to file the same within the stipulated time, then you penalty of Rs.100 per day is levied and maximum no limit.

Q. What is the major checklist for LLP formation in India?

LLP formation is a little complex procedure and any mistake during the process do not easily rectified. The major checklist is as follows:

  • The most important documents is the LLP agreement and hence, be cautious while drafting the law.
  • Keep your PAN and ID proof clear and ready and send the scan copy to us.
  • Due dates under LLP registration process should be adhere to avoid any late penalty.

Q. What is LLP registration full form? And what are the total fees for LLP registration in India?

The full form of LLP is the Limited Liability Partnership which is formed under LLP act, 2008. The total fees to register a LLP in India is 7,999/-. The govt fee comes around to 4500 and 3000 is the professional fees including taxes.

Q. List some of the major LLP clauses to be included in LLP agreement?

LLP agreement is the most important documents of the LLP. Everything is managed by this agreement and hence need to be drafted with utmost care. Hence, your agreement must have the following clauses:

  • Division of Profit and Loss
  • Proportion of capital investment in case further capital is required.
  • Provisions relating to Admission of new partner, retirement of partner etc.
  • Procedure to be followed in case of dispute (Arbitration).
  • Duties and powers of designated partners
  • Procedures to be followed for expulsion of a partner.
  • Clause when LLP should be closed and procedure to be followed while closing.

Q. How to check LLP name for LLP registration in India?

The LLP name check can be done at mca.gov.in. Mca.gov.in keeps the record for every company /LLP incorporated till date and hence it helps you search your name and chances of approval with Registrar of Companies.

Q. How to Select Name for Limited Liability Partnerships (LLP)? with examples.

The LLP name selection process is very similar to that of company. The LLP name should start with your brand name e.g Hubco is our brand name (Trademark filed) and hence we have registered Hubco Technologies LLP.

The second part of the LLP name denotes its objective. Like in case of Hubco Technologies LLP, technology denotes its technology business. The last part of the Company name ends up with the letters LLP. No LLP can be registered without having LLP at the end.

The basic structure for your reference is as follows:

First Name Objective Private Limited

This could be anything, like your surname, your brand name, like TATA in case of TATA Steel Limited

Objective denotes your business activity, like steel in case of TATA Steel Limited.

A LLP always end with these words and are mandatory by law.

Important Point: The new LLP name should not match the existing company/LLP name or any existing trademark in India.

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Register Limited Liability Partnership (LLP) in India