Limited Liability Partnership

Register Your Limited Liability Partnership (LLP) in India

Comprehensive Packages available

*Prices valid for entire India except for Punjab, Kerala & Madhya Pradesh.

No more delays or difficulties! Register your business with India’s #1 provider of company incorporation services. Get a 15 day Guaranteed document upload to the MCA T&C*

Why Choose FAST Solutions

1. Experienced Professionals

Our accounting firm brings a wealth of experience and deep expertise to manage all your financial needs efficiently. Our team comprises highly skilled professionals with profound knowledge of accounting principles, tax regulations, and advanced financial strategies.

2. Competitive & Transparent Rates

Our dedicated team of trained and experienced graduates handles your registration process, which is further verified by independent qualified professionals. We adhere to a strict Maker and Checker concept to ensure accuracy and reliability.

3. Tax Compliance WhatsApp Group

Our Tax Compliance WhatsApp Group acts as your personal assistant for tax work. It alerts you about upcoming compliances, ensuring you never miss any important updates.

Limited Liability Partnership Registration Process

01 Complete our simple form

Submit the company registration form to start the process.

02 Send the documents to us

Provide scanned copies of the necessary documents.

03
Obtain DSC from us or provide your DSC

After document submission, we will issue your Digital Signature Certificate (DSC).

04
Preparation of LLP Agreement and other documents

We prepare the LLP Agreement and other related documents.

05 Forms sent to you for review

We will send you all documents for your verification and approval.

06
Form & document submission to ROC

We will submit all registration-related forms and documents to the Registrar of Companies (ROC) on your behalf.

Get a Free Quote

All fileds are mandatory


Our Comprehensive Services

  • ITR Filing
  • GST Registration worth
  • MSME Registration worth
  • 2 DSCs for partners
  • LLP name approval and agreement
  • DIN for Designated Partners
  • PAN & TAN card of LLP
  • Bank account opening support
  • Certificate of Incorporation

Add-Ons

New LLP ROC Compliance

What is

Limited Liability Partnership (LLP)

A Limited Liability Partnership (LLP) was introduced in India by the Limited Liability Partnership Act, 2008. The LLP structure offers the benefits of both partnerships and limited liability companies, making it a popular choice for professional service firms such as financial advisors, marketing agencies, legal services, and consultancies.

Registering an LLP is straightforward and its management is relatively easy compared to other types of companies. Only two partners are required to start an LLP, with at least one partner being an Indian citizen. An LLP is a more organized and credible form of business compared to traditional partnerships.

Private Limited Company

List of Documents Required

For Designated Partners

  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of AADHAR card
  • Latest bank statement or electricity bill
  • Passport size photo.
  • Consent of Partners to Incorporate LLP

For Registered Office in India

  • Scanned copy of notarized rental/ ownership agreement or other valid address proof.
  • Scanned copy of latest bank statement/telephone or mobile bill/electricity or gas bill.
  • Scanned copy of No-objection certificate from the property owner.

Minimum Requirements

  • Minimum 2 partners
  • At least one partner should be an Indian resident

Advantages of a

Limited Liability Partnership

1. Easy to register

Starting an LLP is as straightforward as starting a partnership firm.

2. No minimum capital required

An LLP can be incorporated with minimal capital, and partner contributions can be in various forms such as money or assets.

3. Separate Legal Entity

An LLP is a separate legal entity, offering limited liability to partners based on their capital contribution.

4. No audit compulsion

LLPs are not required to audit their accounts unless their turnover or capital exceeds specified limits.

5. Startup India Scheme eligibility

: LLPs qualify for the STARTUP INDIA SCHEME, offering various government benefits.

6. Taxation Aspect

LLPs are treated similarly to partnership firms for tax purposes, allowing deductions for partner remuneration and exempting profit shares from taxation.

Frequently Asked Questions

How many members are required to start a limited liability partnership in india ?

Limited Liability Partnership can be started merely by Two Partners and can have as many partners as it wants. However, out of all the partners in LLP at least one of the partner should be an Indian resident Individual.

Who can become a partner in LLP ?

An Individual or company or any other LLP can become a partner in LLP. In case of Individual partner, his age should be at least 18 years and should not be held liable for any offence. However, an LLP should have at least two individuals as a partner.

Can family members be partners in LLP?

Yes, your family members like your brother, sister, parents, or other relatives are eligible to become part of your LLP. But, the people who are minor, criminally prosecuted, bankrupt or not having a sound mind cannot be a part of your LLP.

Why is din & digital signature (dsc) required in the case of partners of LLP ?

As per the Limited Liability Partnership Act, every Individual partner of the company should have DIN (Director Identification Number) for incorporating or becoming a partner in LLP. Since all the forms of LLP are to be digitally signed by partners, it becomes mandatory to apply for Class 2 Digital Signature.

Is separate commercial office required to register an LLP ?

No, you can start your limited Liability Partnership from your own or rented home premises. In such a case, the address of home will be treated as a registered office of your firm. Only condition is that such place should be within the territorial boundaries of India.

Do I have to visit any government authority to register a limited liability partnership ?

No, LLP registration with Legal Workmate is an entirely hassle-free online process. There is no need to register or visit any government department. You are only required to notarise your LLP with the nearest available notary in your area after its incorporation.

Can nri be the partner of the LLP ?

Yes, there is no restriction of NRI for becoming a partner in LLP. The only condition is that out of all Individual Partners, at least one of them should be Indian resident.

Do I need to hire any chartered accountant once the LLP is registered ?

No, LLP doesn't need to get their accounts audited if the turnover or share capital is below the basic limits. Further, even if there is a requirement for an audit, then our Legal Workmate team will help you with finding the auditor at affordable rates.

When is audit required for a limited liability partnership ?

LLPs that exceed the turnover of forty lakh rupees, or if the contribution is higher than twenty-five lakh rupees in a financial year, are required to get its accounts audited. ( confirm this with the client).

What is advantage of LLP over partnership firm form tax purpose ?

Tax rates and treatment for both partnership and LLP are same as per Income Tax Law. However in case of partnership firm, if you want to book profit less than 6%/8% of turnover in case of normal business or less than 50 % in case of professional or technical service, then Tax Audit is mandatory under Income Tax Act.

What is mandatory compliance for a limited liability partnership ?

An LLP is required to comply with following things irrespective of turnover : (I) Maintain Books of Accounts. (II) File Income Tax Return. (III) File Annual ROC form.

Is of maintaining LLP higher than partnership firm ?

No, it is mandatory to maintain books of accounts for both partnership firm and LLP. Further, both of them are also required to file Income Tax return. Only difference is that partnership firm is required to do Tax Audit if income is booked lower than given in FAQ 10 whereas LLP is required to get Audit if exceeds limits given in FAQ 9..

What is the annual maintenance cost of the LLP ?

Please go through our AMC package for LLP in our compliance tab for details. If you have any query, then please contact us for more information.

What is an LLP agreement and whether moa & aoa are required ?

An LLP agreement is one that is made between the partners and the LLP regarding the relationship between the individual partners in the LLP and serves the same purpose that MOA and AOA serves. An LLP agreement usually consists of management policies, the inclusion of new partners, policy-making strategies, and so on.

Is it mandatory to take gst registration after the companys' registered ?

Private Limited Company

Private Limited Company Limited Liability Partnership Should use word Pvt. Ltd at the end of the name.

Compliance under Companies Act, 2013 and governed by its MOA &AOA.

Directors managing the business are different from shareholders. So management and Investors can be different.

Can issue shares to venture capitalist, Employees, private equity investors etc.

Can avail loan against shares of a shareholder.

Limited Liability Partnership

Should use LLP word at the end of the name.

Compliance under LLP Act, 2008 and governed by its LLP agreement.

There is nothing like separate investor and management in LLP. All the partners have the right to intervene in business.

Cannot issue shares to venture capitalist, Employees or Investors.

Cannot avail loan against the contribution of shareholder.

Chat with us