A Limited Liability Partnership (LLP) combines the benefits of a partnership firm and a company. It provides limited liability protection to partners while allowing flexible internal management. LLPs are governed by the Limited Liability Partnership Act, 2008 and have gained significant popularity among startups and SMEs in India.
🌐 Official Government Website: MCA.gov.in – Ministry of Corporate Affairs 🏛️
📘 1. Introduction
An LLP is a hybrid business structure where partners enjoy limited liability like company shareholders but retain the flexibility of a partnership. LLPs separate personal assets from business liabilities, making them safer and more attractive for entrepreneurs.
🛡️ 2. Types of LLP Registrations/Services Offered
- New LLP Registration: Forming a new LLP from scratch
- Conversion of Existing Partnership to LLP: Transitioning a partnership firm into an LLP
- Foreign LLP Registration: For foreign companies wanting to establish LLP in India
- LLP Compliance Services: Annual filing, ROC compliance, audit services
👥 3. Who Needs These Services?
- Startups and SMEs seeking limited liability protection
- Professional service firms (lawyers, accountants)
- Businesses looking for easier compliance than a private limited company
- Existing partnerships wanting to reduce personal liability risks
🔐 4. Why Choose a License Registration Service Provider?
- ✅ Expert preparation and filing of necessary MCA forms (FiLLiP, Form 2, Form 3, Form 4)
- ✅ Assistance in DIN and DSC application for designated partners
- ✅ Guidance on LLP agreement drafting and stamping
- ✅ Complete end-to-end support to avoid rejection and delays
- ✅ Post-registration compliance and filing support
⚙️ 5. LLP Registration Process
Step 1: Obtain DSC (Digital Signature Certificate)
For designated partners to sign documents electronically.
Step 2: Apply for DIN (Director Identification Number)
Mandatory for designated partners.
Step 3: Name Approval (RUN-LLP)
Choose and reserve a unique LLP name.
Step 4: File LLP Incorporation Form (FiLLiP)
Submit details of partners, registered office, and LLP agreement.
Step 5: Draft and Submit LLP Agreement
Within 30 days of incorporation, file Form 3.
Step 6: Obtain Incorporation Certificate
MCA issues certificate confirming LLP registration.
📎 6. Required Documents
- PAN Card and Aadhaar Card of partners
- Proof of registered office address (rent agreement, utility bill)
- LLP Agreement signed by all partners
- DSC and DIN details of designated partners
- Passport-sized photographs of partners
💸 7. Cost Involved
Service | Estimated Cost (₹) |
DSC for Partners | ₹1,000 – ₹2,000 per person |
DIN Application Fees | Included in MCA forms |
Name Reservation Fees (RUN) | ₹1,000 |
LLP Incorporation Fees | ₹500 – ₹2,000 (based on capital) |
Professional Fees | ₹5,000 – ₹15,000 |
Stamp Duty on LLP Agreement | ₹1,000 – ₹5,000 (varies by state) |
⏳ 8. Time Taken
Activity | Duration |
DSC and DIN Application | 2–3 days |
Name Approval | 1–3 working days |
LLP Incorporation | 5–7 working days |
LLP Agreement Filing | Within 30 days of incorporation |
⚠️ 9. Common Mistakes to Avoid
- Delay in filing LLP Agreement beyond 30 days
- Choosing an LLP name similar to existing companies or LLPs
- Incorrect details or missing signatures on forms
- Not obtaining DSC and DIN before filing incorporation forms
- Ignoring annual compliance and audit requirements
📞 10. Call-to-Action (CTA)
Get your LLP registered quickly and hassle-free with expert guidance!
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🌐 Visit: opriyatrending.in
❓ 11. FAQs
Q1. What is the minimum number of partners required to form an LLP?
Minimum 2 partners, with at least one designated partner.
Q2. Can an LLP convert into a Private Limited Company?
Yes, conversion is possible under MCA rules.
Q3. Is LLP liable to pay income tax separately?
Yes, LLP is taxed as a separate entity.
Q4. What compliance is required post LLP registration?
Annual return filing (Form 11) and Statement of Accounts (Form 8).
Q5. How is LLP different from a Partnership Firm?
LLP provides limited liability protection and separate legal identity, unlike a partnership firm.