What is an LLP
A Limited Liability Partnership was introduced under the LLP Act, 2008 to give Indian professionals a corporate vehicle with the internal flexibility of a partnership. Partners are not liable for each other's acts of negligence, the firm is taxed at a flat 30% without dividend distribution tax, and the annual filing burden is a fraction of a Private Limited company. It is the default choice for firms that do not need external equity funding.
Why Register
Partners are personally liable only up to their agreed contribution. Business debts and third-party claims stop at the LLP; your personal assets stay untouched.
No mandatory audit under a turnover of Rs 40 lakh and contribution below Rs 25 lakh. Only two annual filings versus four for a Private Limited company.
Start with any contribution amount. There is no paid-up capital floor, so a two-partner service firm can register with a symbolic contribution and add funds later.
The LLP Agreement lets partners decide profit ratios independently of contribution. Ideal for firms where one partner brings capital and another brings expertise.
The LLP survives a change of partners. A partner exit, admission or death does not dissolve the firm. Client contracts and PAN carry on unchanged.
The LLP holds property, opens bank accounts and sues in its own name. Banks treat it as a formal borrower, unlike a general partnership.
Who Qualifies
Simple entry criteria that most Indian founders and businesses already meet.
Documents Required
We collect these once and handle every portal interaction on your behalf.
The Process
Your dedicated specialist handles every filing. You track progress from your dashboard.
Digital Signature Certificates are issued for all designated partners. These are mandatory to sign MCA filings electronically.
We apply for the Designated Partner Identification Number for each partner through the FiLLiP form on the MCA portal.
Our CS runs a similarity check and files the RUN-LLP form with your preferred name. Two alternatives are submitted to keep approval moving.
FiLLiP form is filed with subscriber sheets, address proofs and consent letters. MCA reviews and issues the Certificate of Incorporation.
Our corporate lawyer drafts the LLP Agreement covering profit sharing, roles, capital contribution, meeting cadence and exit terms. Filed in Form 3 within 30 days.
Once PAN and TAN are issued, we hand over the full incorporation kit and a compliance calendar so you know every date for the next twelve months.
FAQ