Key Features of LLP:

• Separate legal entity from its partners

• Limited liability for each partner

• No minimum capital requirement

• Easier compliance compared to a private company

• Perpetual succession

• Foreign direct investment (FDI) is allowed under automatic route (in certain sectors)

✅ Eligibility Criteria:

• Minimum 2 designated partners, at least one must be a resident in India

• Partners can be individuals or corporate bodies

• No limit on the maximum number of partners

📋 Documents Required:

For Partners:

• PAN card

• Aadhaar card

• Passport size photo

• Address proof (bank statement, electricity bill)

• Email ID and phone number

For Registered Office:

• Rent agreement (if rented) or ownership proof

• Utility bill (not older than 2 months)

• No Objection Certificate (NOC) from owner

🛠️ Step-by-Step LLP Registration Process:

1. Obtain Digital Signature Certificate (DSC)

Required for all designated partners to sign documents electronically.

2. Apply for Director Identification Number (DIN)

Can be applied via the FiLLiP form during LLP incorporation.

3. Reserve Name of LLP

Use RUN-LLP (Reserve Unique Name – LLP) on the MCA portal. The name must:

• End with “LLP”

• Be unique and not violate trademarks

4. File FiLLiP (Form for Incorporation of LLP)

Includes:

• Details of partners

• Registered office address

• Capital contribution

• Attachments: ID/address proof, consent forms, and NOC

5. Draft & File LLP Agreement (Form 3)

Must be filed within 30 days of incorporation.
Key contents:

• Business activities

• Contribution of each partner

• Profit-sharing ratio

• Duties and rights of partners

• Rules for admission, resignation, or dispute resolution

6. Get Certificate of Incorporation

Issued by Registrar of Companies (ROC)

💰 Statutory Fees:

Depends on contribution amount (capital). Basic registration cost is nominal, excluding professional fees.

💼 Post-Incorporation Compliances:

• PAN & TAN application

• Open current account in LLP’s name

• GST registration (if applicable)

• Annual filing of:

  • Form 11 (Annual return) – due by May 30

  • Form 8 (Statement of Accounts & Solvency) – due by Oct 30

  • Income Tax Return – due July 31 (or Sep 30 if audit is applicable)