What is Limited Liability Partnership (LLP) Registration?
A Limited Liability Partnership combines the flexibility of a partnership with the limited liability of a company. It is ideal for professionals, consultants and small businesses that want legal protection without the heavier compliance of a company. LLPs have no minimum capital and no mandatory audit below the prescribed thresholds. TaxBucket handles DSC, name reservation, FiLLiP, the LLP agreement and Form 3 filing.
Who needs it?
- Professional firms such as CAs, architects and consultants
- Small and medium businesses with multiple owners
- Partnerships that want limited liability
- Businesses not planning equity fundraising from VCs
Key benefits
- Limited liability for partners
- Separate legal entity and perpetual succession
- Lower compliance cost than a company
- No minimum capital
- Audit required only if turnover exceeds Rs 40 lakh or contribution exceeds Rs 25 lakh
Documents required
Checklist: keep these ready
- PAN and Aadhaar of partners
- Address proof and photographs of partners
- Registered office proof and NOC
- Rent agreement, if rented
- Details of capital contribution and profit ratio
Step-by-step process
- 1
Step 1
DSC for designated partners
- 2
Step 2
Name reservation through RUN-LLP
- 3
Step 3
FiLLiP filing for incorporation (with DPIN allotment)
- 4
Step 4
Certificate of Incorporation with LLPIN
- 5
Step 5
Drafting and filing of the LLP agreement in Form 3 within 30 days
- 6
Step 6
PAN, TAN and bank account
Key facts: fees, timelines, due dates and penalties
- 1Minimum 2 partners and 2 designated partners; no maximum
- 2Annual filings: Form 11 (by 30 May) and Form 8 (by 30 October)
- 3Late fee for delayed filings: Rs 100 per day per form
- 4Typical timeline: 10 to 15 working days
Why choose TaxBucket for Limited Liability Partnership (LLP) Registration?
- 14+ years of experience in tax, GST, MCA and legal compliance
- ISO 9001:2015 certified company with a team of tax and compliance professionals
- Transparent pricing with no hidden charges
- End-to-end online process with a dedicated expert and regular status updates
- Office in South West Delhi; serving clients across India
Frequently asked questions
What is the difference between an LLP and a Private Limited Company?
Both offer limited liability, but an LLP has lower compliance and no dividend distribution tax issues, while a private company is better for raising equity from investors.
Is an audit mandatory for an LLP?
Only if turnover exceeds Rs 40 lakh or contribution exceeds Rs 25 lakh in a financial year.
Can a company be a partner in an LLP?
Yes. A body corporate can be a partner, acting through a nominee.
What happens if Form 3 is not filed within 30 days?
A late fee of Rs 100 per day applies until the LLP agreement is filed.
Get expert help with Limited Liability Partnership (LLP) Registration today
Call +91 7838-000-475 or send your enquiry and our expert will get back to you.