A Limited Liability Partnership (LLP) gives partners the flexibility of a partnership with the protection of limited liability. It is popular with professional firms and businesses that want lower compliance than a company.
This guide explains how to register an LLP, the documents required, and its ongoing compliance.
What is LLP Registration in India?
An LLP is registered under the LLP Act, 2008. It needs at least two designated partners (one resident in India), and partners' liability is limited to their agreed contribution.
Incorporation uses the FiLLiP form, followed by filing the LLP agreement in Form 3.
| Minimum partners | 2 designated partners |
|---|---|
| Governing law | LLP Act, 2008 |
| Incorporation form | FiLLiP |
| Agreement filing | Form 3 within 30 days |
Documents required
- PAN and Aadhaar of partners
- Photographs and ID/address proofs
- Registered office proof
- DSC for designated partners
- LLP agreement details
Step-by-step process
- Get DSC & DPIN. Obtain DSCs; DPIN/DIN for designated partners is applied within FiLLiP.
- Reserve the name. Reserve the LLP name via RUN-LLP or within FiLLiP.
- File FiLLiP. Submit incorporation details for the LLP.
- File the LLP agreement. File Form 3 with the LLP agreement within 30 days of incorporation.
Frequently asked questions
What is the annual compliance for an LLP?
Form 11 (annual return) and Form 8 (statement of accounts & solvency), plus the income tax return.
Is an audit mandatory for an LLP?
A statutory audit is required only if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh.