Overview of LLP Registration

A Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership firm with the advantages of limited liability. Governed by the Limited Liability Partnership Act, 2008, an LLP is a separate legal entity where the liability of each partner is limited to their agreed contribution.

LLP registration is an ideal option for startups, professionals, and small businesses seeking operational flexibility with minimal compliance requirements. It offers perpetual succession, allowing the LLP to continue its existence irrespective of changes in partners.

Benefits of LLP Registration

Minimum Requirements

• Minimum of 2 Designated Partners with no upper limit on the number of partners.

• At least one Designated Partner must be an Indian resident.

• A registered office address in India is mandatory.

• Digital Signature Certificate (DSC) is mandatory for all Designated Partners.

Fees of LLP Registration

The cost of LLP registration depends on government filing fees and professional charges, which may vary across states in India.

The approximate fees for LLP Registration range from Rs. 6,999 to Rs. 15,000, including Government Fees, Professional Fees, and Digital Signature Certificate (DSC) charges.

Steps for LLP Registration

1. Obtain DSC: All Designated Partners must obtain a Digital Signature Certificate for online filing purposes.
2. Name Reservation: Apply for the reservation of the proposed LLP name through the RUN-LLP service on the MCA portal.
3. File Incorporation Form: Submit the FiLLiP form along with the required documents for LLP incorporation.
4. Obtain Incorporation Certificate: The Registrar of Companies issues the Certificate of Incorporation containing the LLP Identification Number (LLPIN).
5. Execute LLP Agreement: Draft and file the LLP Agreement in Form 3 within 30 days of incorporation.
6. Apply for PAN and Open Bank Account: Obtain PAN for the LLP and open a current bank account to commence business operations.

Documents Required

• PAN Card and Aadhaar Card/Voter ID/Passport of all Designated Partners.

• Passport-size photographs of all Designated Partners.

• Proof of registered office address (electricity bill, water bill, etc.).

• Rent agreement/ownership documents and NOC from the landlord, if applicable.

LLP Registration

The pre-requisites for LLP Registration include:
• Minimum 2 Designated Partners
• At least 1 Resident Indian Designated Partner
• Registered Office Address (Residential/Non-Residential)

Procedure for Registration

• Apply for Digital Signature Certificate (DSC).

• Reserve the proposed LLP name through RUN-LLP.

• File the FiLLiP incorporation form with the Registrar.

• Obtain the LLP Incorporation Certificate.

• File the LLP Agreement within 30 days from incorporation.

Documents Required

• Identity and residential proof of all Designated Partners.

• Proof of registered office address.

• Utility bills (Electricity, Gas, Water) not older than 2 months.

• No Objection Certificate (NOC) from the property owner, if applicable.

• Consent of Designated Partners to act as partners in the LLP.