LLP stands for Limited Liability Partnership. A LLP(limited liability partnership) is a partnership in which some or all partners have limited personal liability for debts or claims of the partnership. Since LLP is a separate legal entity so it provides its owners the benefit of “Limited liability” at minimal maintenance and costs, the incorporation costs and compliances of a LLP are way less than that of a company.

It is a preferred form of organisation among small and medium businesses as well as working professionals because it incorporates the benefits of both a partnership firm and company into a single form of organisation. In India, LLPs are controlled and regulated by the Limited Liability Partnership Act, 2008. 

• No minimum capital required
• Separate legal entity
• Perpetual Succession
• Minimum number of partners- 2, maximum number of partners- no limit
• Limited liability of each partner
• Low cost of incorporation
• Less regulation and compliance compared to other forms of organisations
• No compulsory Audit is required if the turnover does not exceed forty lakh rupees 

• A minimum of two partners are required for incorporation of an LLP
• DSC and DPIN for all designated partners is required
• It should be noted that out of all the partners at least one of the designated partners should be an Indian resident.
• An agreed contribution towards the shared capital should be made by each partner
• Proof of registered office is required

• Proof of Registered Office Address
• Notarized rental agreement
• No-objection certificate from the owner (if rented)
• Sale deed (if property is owned).
• Digital Signature Certificate
• PAN Card as an ID Proof of Partners
• Address Proof of Partners
• Passport size photograph
• Passport (in case of Foreign Nationals/ NRIs)
• Latest bank statement
• Telephone or mobile bill
• Electricity bill/ gas bill

• Within 30 days of incorporation of a LLP, LLP Agreement i.e. LLP Form 3 should be filed
• PAN be obtained immediately and Bank Account should be opened in LLP’s Name asap as it will be required for all the business’s day to day transactions.
• KYC of all the designated partners on or before 30th of September every year.
• Form 8 (Statement of Account and Solvency) and Form 11 (Annual Return of LLP) within 30 and 60 days of end of financial year respectively.
• Income Tax Return should be filed 31st of July every year in cases where Audit is not required and 30th of September in cases where Audit is required.

Our experts will guide you every step of the process of registration and will be available to answer all your enquiries with up to date knowledge about laws and compliances. We will get your LLP registered as fast as possible and that too at the most reasonable prices.