Limited Liability Company Registration

Ideal for small and medium-sized business starting at Rs. 3250 (Excl Govt Fees & Taxes)

Limited Liability Partnership (LLP) is one of the most preferred forms of organization among young entrepreneurs as it combines the benefits of both partnership firms and companies into one form of organization. Limited Liability Partnership (LLP) is an alternative corporate business form that offers the benefits on limited liability to partners at a low cost of compliance. In a Limited Liability Partnership (LLP) each partner is not responsible or liable for other partner’s misconduct or negligence.

The formation of a Limited Liability Partnership (LLP) is easy in terms of its registration and management. It is for this reason that the family-owned and closely held prefer to register as LLPs. Moreover, they have very simple compliance formalities. A special partnership is formed between two or more partners in a Limited Liability Partnership (LLP), who have limited liabilities.

Limited Liability Partnership Registration starting from obtaining digital signature certificate (DSC) to filing the LLP Agreement takes around 10-15 days. Get your business registered as LLP with MyEfilings sitting at home, without visiting government offices.

For Limited Liability Partnership Registration in India, MyEfilings is one of the most affordable service providers.

With an LLP, Merge the benefits of a Partnership Firm and a company

For Your LLP Registration Our Services Are Open to You!

Let’s Connect

Benefits of a Limited Liability Partnership

The procedure to form an LLP is very simple and does not involve much formality. At the same time, it is cost-effective with a minimum incorporation fee.

An LLP is considered as an artificial judicial person. This protects it from any effect due to the retirement, any departure, or even death of any of its partners. The Limited Liability Partnership (LLP) shall continue to exist untill it’s dissolved in accordance with the provisions of the relevant law. Partners may come and go but LLP can be easily transferred to another person.

In an LLP, your liability is limited to the extent of your agreed contribution. It also protects your personal assets from the liabilities of the business. An LLP functions based on a clearly defined agreement, which specifies your mutual rights and duties with your partners. The agreement protects you from being affected in case of any of your partner’s wrong decisions.

There is very less compliance that the Limited Liability Partnership (LLP) needs to comply with, as there is no requirement of board meetings and general meetings as compared to the company. If you are a startup or an SME, an LLP is ideal for you as it can save your cost and efforts.”

LLP Act, 2008 gives Limited Liability Partnership (LLP) the utmost freedom to manage its own affairs. Partners can have an LLP agreement and decide the way they wish to manage their LLP.

LLPs whose turnover does not exceed, in any financial year, 40 lakhs or whose contribution does not exceed 25 lakhs are not required to get their accounts audited. Hence, it is beneficial for small businesses and startups to register as a Limited Liability Partnership (LLP).

Partners are the ones who own and manage the business of the LLP. This is the difference with a private limited company where directors may be different from shareholders.

As a legal entity, a Limited Liability Partnership (LLP) is competent in owning its funds along with other properties. The LLP is considered as an actual person in which all the properties are vested and by which it is managed, controlled, and finally, disposed off. However, the property of the LLP is not the property of the partners of the LLP. Therefore, partners cannot claim on the property in case of any dispute among themselves.

Limited Liability Partnership Registration Process

Choose Your Plan

You can choose any of our packages based on your requirements.

Reservation and Approval of Name

For LLP registration you need to apply with two different names with the MCA from which one of the names is selected and approved which is in line with the main object.

Apply for DSC

All the documents for LLPs are filed online and are required to be digitally signed. You need to apply for the proposed LLP’s designated partners’ digital signature before initiating the process of LLP company registration.

Filing of LLP Incorporation Form

The form used for LLP incorporation is:

  • An integrated form
  • Filed with a registrar of the state where the registered office of the LLP is situated

Filing an LLP Agreement

An LLP agreement governs the mutual rights and duties amongst the partners and also between the LLP and its partners. An LLP agreement must be:

  • Filed through an online form on the MCA portal
  • Filed within 30 days of the date of incorporation
  • Printed on stamp paper, which has a different value in different states.

Ready to work

Congratulations!!! You are ready to start your business and take it to great heights of excellence!

Documentation Needed For Registration

  • 1. Self-attested copy of ID proof (Election card/passport/driving license)
  • 2. Self-attested copy of PAN Card and Aadhaar Card
  • 3. Self-attested copy of address proof (Bank statement/ electricity bill/mobile bill/ telephone bill not older than 2 months.)
  • 4. Rent agreement/Agreement between the Owner and proposed partners
  • 5. Utility bill (Electricity bill/mobile bill/telephone bill not older than 2 months)
  • 6. NOC signed by the owner to use premises as the registered office of the LLP (for rented premises)
  • 7. DSC form signed by both the partners
  • 8. Consent letter
  • 9. Subscriber sheet signed by both the partners
  • 10. PAN application form signed by anyone of the partners

Choose Your Plan

Basic

3250 Excluding Government Fees & Taxes
  • Includes 1 DSC & 2 DIN
  • LLP Name Approval
  • Drafting & Filing of LLP  Agreement
  • LLP PAN Application

Standard

4000 Excluding Government Fees & Taxes
  • Includes 1 DSC & 2 DIN
  • LLP Name Approval
  • Drafting & Filing of LLP Agreement
  • LLP PAN application
  • GST registration

Premium

7500 Excluding Government Fees & Taxes
  • Includes 1 DSC & 2 DIN
  • LLP Name Approval
  • Drafting & Filing of LLP Agreement
  • LLP PAN application
  • GST registration
  • GST Return Filing for 3 months (from the date of registration)
  • Free MSME registration

Post Incorporation Compliances

It is mandatory to maintain compliance under various regulations by all the LLPs registered in India. Failure to adhere to the same may result in huge penalties.

Open Bank Account

Open Bank Account

Once you register the LLP, the next step is to open a current bank account in the name of the LLP and deposit the capital as per the LLP agreement.

Apply for PAN/TAN

Apply for PAN/TAN

Within 15 to 20 working days of the incorporation of a Limited Liability Partnership, PAN and TAN applications should be submitted.

Annual Compliances

Annual Compliances

Every year LLPs are required to file the ROC compliances along with the income tax returns. MyEfilings will help you get your compliances done at an affordable cost.

FAQ'S

Yes. One can register their LLP at one’s home address/residential address. You only need a few legal proofs from the owner of the house.
Minimum of two designated partners are required to register a Limited Liability Partnership. But there is no maximum limit to the number of partners. However, one partner of the LLP must at least be a resident of India.
No minimum capital is required when a Limited Liability Partnership is registered. Partners have a choice to contribute through their tangible or intangible assets too. Partners can register their LLP with any amount and ratio.
No, it is not mandatory to have DPIN for incorporating LLP. DPIN is allotted in the Incorporation Form and there is no need to apply separately for DPIN.
Yes, subject to Foreign Direct Investment (FDI) guidelines, a non-resident Indian or a foreign national can become a Designated Partner of a Limited Liability Partnership.
Yes, stamp duty is required to be paid on the LLP agreement depending on the amount of capital and the regulations of the state Stamp Act of the respective state.
Any organization or any individual above 18 years of age with a valid PAN card, including foreigners/NRIs, can become a partner in an LLP.
A partner is responsible only for the rules and regulations given in the agreement and their independent act. A designated partner is liable for filing all the compliances of the LLP, failing which they are liable for a penalty. To become a designated partner DIN is compulsory unlike that in the case of a partner.
An LLP can be converted into a Private Limited Company as per the provisions contained in Section 366 of the Companies Act, 2013 and Company (Authorized to Register) Rules, 2014.
Typically, only start-ups that do not want venture capital funding register for LLPs. Venture capitalists merely invest in public and private limited companies.
Yes, you can. It is not necessary for the property to be registered in the name of the partners.
Yes, an existing private company/partnership firm/ unlisted company can be transformed into an LLP.

a) Income-tax: An LLP is required to pay a tax at the rate of 30% on its entire income.
b)Surcharge: The amount of income-tax (as computed above) shall be further increased by a surcharge at the rate of 10% of such tax, where total income exceeds one crore rupees. The amount of income tax and the applicable surcharge shall be further increased by education cess and secondary and higher education cess calculated at the rate of four percent of such income tax and surcharge.