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What is LLP (Limited Liability Partnership)?

A Limited Liability Partnership (LLP) is a legal business structure that combines the benefits of a partnership and a company. It offers limited liability protection to its partners while allowing them to manage the business directly. LLPs are popular among professionals and small businesses due to ease of formation, flexible structure, and legal recognition.

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How To Register An LLP Company Online?

Registering an LLP online involves obtaining a DSC, reserving a name, filing incorporation forms, and submitting required documents through the MCA portal. The entire process can be completed digitally through a streamlined system.

Limited Liability Partnership (LLP)

An LLP is a hybrid form of business that combines the features of a partnership and a private limited company. It offers liability protection to its partners while allowing flexible internal management.

Documents Required For LLP Registration

PAN Card of partners
Address proof (Aadhar/Voter ID/Driving License)
Passport-sized photographs
Business address proof (Rent Agreement/Utility Bill)
NOC from the property owner

Why Choose LLP Registration?

Limited liability for partners
Separate legal identity
Lower compliance costs
No minimum capital requirement
Flexible agreement structure

7 Steps to Form an LLP

Obtain Digital Signature Certificate (DSC)
Apply for Director Identification Number (DIN)
Reserve LLP Name (Form RUN-LLP)
Prepare LLP Agreement
File Incorporation Form (FiLLiP)
Obtain Certificate of Incorporation
Apply for PAN, TAN, and open bank account

Important Forms in LLP Registration

FiLLiP: Form for incorporation of LLP
RUN-LLP: Reserve Unique Name
Form 3: LLP Agreement filing
Form 8: Statement of Account & Solvency
Form 11: Annual Return of LLP

Checklist: If Your Company Qualifies for LLP in India

Minimum two partners required
At least one partner must be a resident of India
No minimum capital requirement
Consent and valid documents of all partners
Registered office address in India

Factors to Consider While Selecting an LLP Name

Name should be unique and not identical to existing LLPs
Must include "LLP" or "Limited Liability Partnership"
Should not violate trademarks
Use simple and easy-to-remember words

Penalty Provisions in LLP Annual Compliance Default

Failure to comply with LLP annual filing requirements can lead to penalties:

Rs. 100 per day for each form delayed (no maximum cap)
Registrar may strike off defaulting LLPs
Additional government fees and legal consequences may apply

Frequently Asked Questions (FAQ) - LLP Registration

A minimum of two partners are required to incorporate an LLP in India. There is no limit on the maximum number of partners.

No, there is no minimum capital requirement for registering an LLP in India. You can start with any amount.

Yes, the LLP registration process is fully online and is done through the Ministry of Corporate Affairs (MCA) portal.

LLPs must file Form 8 (Statement of Account and Solvency) and Form 11 (Annual Return) every year, even if there is no business activity.

Yes, a foreign national can be a partner in an LLP, provided that at least one designated partner is a resident of India.