Introduction

A Limited Liability Partnership (LLP) is a business structure that combines the benefits of a Partnership Firm and a Private Limited Company. It offers the flexibility of a traditional partnership while providing limited liability protection to its partners. LLPs are preferred by startups, professionals, and small businesses due to their low compliance requirements and tax efficiency.

This guide covers the LLP registration process, required documents, government fees, and compliance requirements in India.

1. Key Features of an LLP

✅ Limited Liability – Partners are liable only for their contributions; personal assets are protected.
✅ Separate Legal Entity – An LLP has an independent legal existence, separate from its partners.
✅ Less Compliance than Private Limited Companies – No requirement for board meetings, resolutions, or heavy documentation.
✅ Flexible Management – No restrictions on the number of partners; easier ownership transfer.
✅ Lower Taxation – LLPs are not subject to Dividend Distribution Tax (DDT) like Private Limited Companies.

2. Step-by-Step Process for LLP Registration

Step 1: Obtain Digital Signature Certificate (DSC)

• Every designated partner must obtain a Class 3 DSC from government-approved certifying authorities.
• DSC is used for signing electronic forms during LLP incorporation.

Step 2: Apply for Director Identification Number (DIN/DPIN)

• DIN (Director Identification Number) or DPIN (Designated Partner Identification Number) is mandatory for LLP partners.
• Apply via Form DIR-3 on the MCA (Ministry of Corporate Affairs) portal.

Step 3: Name Reservation (LLP-RUN Form)

• File LLP-RUN (Limited Liability Partnership – Reserve Unique Name) form on the MCA portal.
• Suggest two unique names following MCA naming guidelines.
• The approved name remains reserved for 90 days.

Step 4: Incorporation of LLP (Form FiLLiP)

• File the FiLLiP (Form for Incorporation of LLP) with the following:
  ✅ Approved LLP Name
  ✅ Partner Details (PAN, Aadhaar)
  ✅ Address Proof of the Registered Office
  ✅ Capital Contribution Details

Step 5: File LLP Agreement (Form 3)

• Draft and file the LLP Agreement within 30 days of incorporation.
• The LLP Agreement defines capital contribution, profit-sharing ratio, and partner responsibilities.

Step 6: Obtain PAN, TAN & GST Registration

• Apply for PAN & TAN after LLP incorporation.
• GST Registration is mandatory if the LLP has a turnover exceeding ₹20 lakh (₹40 lakh for goods businesses).

3. Fees for LLP Registration

Government fees vary based on capital contribution:

Other costs include:

• DSC (₹1,000 – ₹2,000 per partner)
• Professional fees for documentation & filing

4. Documents Required for LLP Registration

✔ For Partners:

• PAN Card
• Aadhaar Card
• Address Proof (Electricity Bill, Bank Statement)
• Passport (for Foreign Nationals)

✔ For LLP Registered Office:

• Rental Agreement & NOC from the property owner
• Utility Bill (not older than 2 months)

5. Compliance Requirements After Registration

After incorporation, an LLP must:

✅ File Annual Returns (Form 11) before May 30
✅ Submit Statement of Accounts (Form 8) before October 30
✅ Maintain Proper Books of Accounts
✅ File Income Tax Returns Annually

Conclusion: Why Choose ASK ASSOCIATES for LLP Registration?

Setting up an LLP involves multiple legal steps and documentation. ASK ASSOCIATES offers:

✔ End-to-End LLP Registration Support
✔ Drafting of LLP Agreements & Name Approval
✔ Annual Compliance & Tax Filing Assistance

Start your LLP hassle-free with our expert team! 🚀