Limited Liability Partnership Registration

Limited Liability Partnership (LLP) Registration with Consult Your Counsel

A Smarter Way to Collaborate. A Safer Way to Do Business.

A Limited Liability Partnership (LLP) is an ideal business structure that combines the flexibility of a partnership with the legal safeguards of limited liability. LLP registration in India offers a versatile platform for professionals, entrepreneurs, and SMEs to structure their businesses with confidence, clarity, and legal recognition.

At Consult Your Counsel, we provide seamless, end-to-end legal solutions for LLP registration—assisting you through compliance, documentation, and government filings. Whether you’re a startup, a professional firm, or a growing business, our expert legal team ensures a hassle-free registration process from start to finish.

What is an LLP?

A Limited Liability Partnership (LLP) is a hybrid legal entity that merges the operational simplicity of a traditional partnership with the benefits of a corporate structure. It offers:

• Limited liability protection to partners

• Independent legal status

• Flexibility in internal management through an LLP Agreement
  Introduced under the Limited Liability Partnership Act, 2008, LLPs are widely preferred for their reduced compliance burdens and formal legal recognition.

Eligibility Criteria for LLP Registration in India

To register an LLP, the following conditions must be met:

• Minimum of two partners (no upper limit)

• At least two designated partners (individuals only), with one resident in India

• Where a corporate body is a partner, a natural person must be appointed as nominee

• Partners must mutually agree upon and contribute capital

• No minimum paid-up capital required

• Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) are mandatory for designated partners

Key Features of LLP Structure

• Separate Legal Entity: LLP is legally independent of its partners

• Unlimited Partner Capacity: No restriction on the number of partners

• Limited Liability: Partners’ liability limited to their agreed contribution

• Flexible Governance: Operates under a mutually agreed LLP Agreement

• Perpetual Succession: Continues despite changes in partners

• Reduced Compliance Requirements: Compared to companies

• Cost-Effective Structure: Lower incorporation and compliance costs

Advantages of LLP Registration with Consult Your Counsel

• Separate legal identity enhances credibility and protects interests

• Limited liability protects partners’ personal assets

• Flexible operations governed through tailored LLP Agreements

• Fewer regulatory obligations compared to private companies

• No minimum capital requirement offers operational flexibility

• Efficient tax structure with potential tax savings

Limitations of LLP Structure

• Mandatory annual ROC filings and financial disclosures, even if inactive

• Cannot raise equity capital from public investors

• Must have at least two partners at all times; non-compliance may lead to dissolution

• May not be preferred for VC/PE funding due to structural limitations

LLP Naming Guidelines

• Name must be unique and distinct from existing businesses

• Should reflect the nature of business

• Must end with ‘LLP’ or ‘Limited Liability Partnership’ as a suffix

Documents Required for LLP Registration

For Partners:

• PAN Card (mandatory for Indian nationals)

• Identity Proof (Aadhaar Card / Voter ID / Passport / Driving Licence)

• Residence Proof (Recent utility bill or bank statement)

• Passport-size photograph

• For foreign nationals: Passport and address proof

For Registered Office:

• Rent agreement or ownership proof

• NOC from property owner

• Recent utility bill (within last 2 months)

Additional Requirement:

• Digital Signature Certificate (DSC) for all designated partners

Step-by-Step LLP Registration Process with Consult Your Counsel

1. Obtain DSC (Digital Signature Certificates)
   Required for signing electronic forms with the Ministry of Corporate Affairs.

2. Obtain DIN (Director Identification Numbers)
   DINs are mandatory for all designated partners.

3. Reserve LLP Name
   We help you file name approval applications on the MCA portal.

4. File Form FiLLiP (Incorporation Form)
   Includes details of partners, LLP office, declarations, and subscription statements.

5. Draft and File LLP Agreement
   Clearly defines roles, profit-sharing, responsibilities, and capital contributions. Must be filed within 30 days of incorporation.

6. Receive Certificate of Incorporation
   Issued by the Registrar of Companies (ROC), confirming legal recognition.

7. Apply for PAN and TAN
   Necessary for taxation and financial operations.

Post-Registration Compliance for LLPs

We assist in fulfilling all mandatory compliances, including:

• Filing of LLP Agreement (Form 3)

• Annual ROC filings: Form 11 (Annual Return) and Form 8 (Statement of Accounts)

• Income Tax Return filing (Form ITR-5)

• GST and TDS compliance (if applicable)

• Maintenance of financial statements and statutory records

Why Choose Consult Your Counsel for LLP Registration?

• Expert Legal Consultation: Tailored advice based on your business structure

• End-to-End Process Management: From name approval to incorporation

• Legally Compliant Drafting: Professionally prepared LLP Agreements

• Transparent Pricing: No hidden charges; fixed-fee packages

• Post-Incorporation Support: Guidance on compliance and taxation

Start Your LLP Registration Today with Consult Your Counsel