A Limited Liability Partnership (LLP) is a business structure governed by the LLP Act, 2008. It combines the limited liability benefits of a company with the flexibility and low compliance of a partnership firm.
LLPs are especially popular among professionals like CAs, lawyers, architects, and consultants who want liability protection without the compliance burden of a company.
Partners' personal assets are protected. Liability is limited to agreed contributions.
Only 2 filings per year. No mandatory audit unless turnover exceeds ₹40 lakhs.
Partners manage the LLP as per the LLP Agreement — no board meeting requirements.
No dividend distribution tax. Profits taxed only once at the LLP level.
LLP continues to exist even if a partner leaves or passes away.
Simple 4-step process to get your LLP registered — completely online.
Obtain Digital Signature Certificates and Designated Partner Identification Numbers.
1-2 DaysApply for LLP name through MCA's RUN-LLP service. Name must end with "LLP".
1-2 DaysDraft the LLP Agreement defining roles, profit sharing, and responsibilities.
1-2 DaysFile FiLLiP form with MCA. Receive Certificate of Incorporation and PAN/TAN.
2-3 DaysKeep these documents ready for a smooth LLP registration.
See how Limited Liability Partnership compares with other business structures.
| Feature | LLP | Pvt Ltd Company | OPC | Partnership |
|---|---|---|---|---|
| Limited Liability | Yes | Yes | Yes | No |
| Separate Legal Entity | Yes | Yes | Yes | No |
| Min. Partners/Directors | 2 Designated Partners | 2 Directors | 1 Director | 2 Partners |
| Max. Members | Unlimited | 200 | 1 | 50 |
| Compliance Level | Low | Moderate | Moderate | Low |
| Audit Required | Only if turnover > ₹40L | Yes | Yes | No |
| Fundraising from VCs | Difficult | Easy | Not possible | Not possible |
| ESOPs | No | Yes | No | No |
| Transferability | Restricted | Easy | No | Restricted |
| Perpetual Succession | Yes | Yes | Yes | No |
Why LLP is the preferred choice for professionals and small businesses.
Partners are not personally liable for LLP debts. Personal assets remain safe.
Only 2 annual filings needed. Audit required only if turnover exceeds ₹40L or capital exceeds ₹25L.
No dividend distribution tax. Profits taxed once. Interest & salary to partners are deductible.
Manage the LLP your way through the LLP Agreement. No board meeting requirements.
LLP has continuous existence. Changes in partners don't affect its existence.
Start an LLP with any amount of capital. No minimum contribution required.
Choose a package that fits your needs. No hidden charges.
2 Partners · Basic Registration
Complete setup with compliance
All-in-one professional launch
Everything you need to know about LLP registration in India.
Any two or more persons can form an LLP. Individuals, body corporates, or even other LLPs can be partners. At least 2 designated partners must be individuals, and at least one must be a resident of India (stayed 182+ days in the previous financial year).
In a partnership firm, partners have unlimited liability — personal assets can be seized for firm debts. An LLP provides limited liability protection, separate legal entity status, and perpetual succession. LLPs are governed by the LLP Act, 2008, while partnerships are governed by the Indian Partnership Act, 1932.
Yes, an NRI can be a partner in an LLP. However, at least one designated partner must be a resident of India. The NRI partner needs a valid DPIN and DSC. Foreign investment in LLP is permitted under the automatic route for most sectors.
No, there is no maximum limit on the number of partners in an LLP. An LLP can have any number of partners — individuals or body corporates. However, at least 2 designated partners must be individuals.
The LLP Agreement defines the rights, duties, profit-sharing ratio, capital contributions, and responsibilities of partners. It governs how the LLP is managed. It must be filed with MCA within 30 days of incorporation using Form 3. Without it, default provisions of the LLP Act apply.
Typically 5-7 working days, subject to MCA approval. The process involves: obtaining DSC and DPIN (1-2 days), name approval through RUN-LLP (1-2 days), drafting LLP Agreement (1-2 days), and filing FiLLiP for incorporation (2-3 days).
Yes, an LLP can be converted to a Pvt Ltd company under Section 57 of the Companies Act, 2013. The process involves filing Form INC-35 with MCA. All partners become shareholders of the new company. We assist with the complete conversion process.
Audit is mandatory only if the LLP's turnover exceeds ₹40 lakhs or total capital contribution exceeds ₹25 lakhs. For small LLPs below these thresholds, no audit is required — just file the annual returns with MCA.
LLPs are taxed at a flat rate of 30% (plus applicable surcharge and cess) on total income. No dividend distribution tax applies — profits can be distributed to partners tax-free. Interest and salary paid to partners are deductible from the firm's income, subject to limits under Section 40(b).
LLP must file: Form 8 (Statement of Accounts & Solvency) within 30 days from the end of 6 months of the financial year (i.e., by October 30), Form 11 (Annual Return) within 60 days from the end of the financial year (i.e., by May 30), and Income Tax Return (ITR-5) by September 30. DIR-3 KYC for designated partners is also required annually.
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