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Note: - In the event of an NRI or Foreign nationals documents of Directors and Subscribers shall be in writing or sent by an apostle.

Complete the Application Form

You are requested to first complete the simple questionnaire provided by our expert team.

Processing Documents

In the second step, we will need the documents as per the questionnaire completed by you so that we can organize them as required and for processing.

Availability of Name

The next step is to check the availability of the name. The name must be different and should not be the same as the name of any other registered organization. You need to tell us 3 names. It may take at least 1-2 days.

Company incorporation e-filing

Once the name is approved, an online application is required to be submitted with E-Form Fillip and the required documentation as received from the ROC. This process also takes 2-3 days.

Obtain an Incorporation Certificate

Finally upon the approval, a Certificate of Incorporation will be provided by email indicating that the LLP has been incorporated.

Filing LLP Agreement

Within 30 days of business incorporation, the LLP Agreement as drafted by our team will be distributed and after the approval of the partners will be printed on a stamp paper and submitted to the Registrar of Companies.

Choosing Company Name

  • You can check the availability of the Company name thus by logging into the MCA where you need to keep in mind two or three options available and the type of activity. Our team will assist you in choosing a company name.
  • Also, in addition to checking the availability of the name we also need to check the trademark if it is already registered under the proposed name which makes the online application for registration very effective.

Normal Process

Day 1 - 2

Digital Signature Certificate Application

3-5 days

  • Checks the availability of the LLP name
  • Name Booking Request under “LLP-RUN”
  • LLP name reservation

Day 6-10

  • Making an LLP incorporation document
  • Applying for an LLP registration
  • Application for DIN
  • LLP Incorporation Certificate

Day 11-14

  • PAN and TAN application for LLP
  • LLP Agreement drafting

Day 15-18

  • Payment of Stamp Duty
  • LLP agreement filing
  • Government processing time

LLP is a corporate entity and is a legal entity distinct from its partners having perpetual succession. In India, LLP is governed by the Limited Liability Partnership Act, 2008 (“the LLP Act”) and the laws enacted under it.

Any person or corporate body can be a partner in LLP. However, one cannot be an LLP partner, if—
  • has been declared of unsound mind by a competent jurisdiction and an investigation is conducted;
  • an insolvent who is undischarged; or
  • has applied to be tried as a debtor and his application is pending.

Yes, the conversion into an LLP following section 58 and Schedule II of the LLP Act is possible. Form 17 and Form 2 are required to be filled to convert and incorporate the LLP.

In India, LLPs need to file their Annual Return in 60 days from the end of the financial year and the account statement and payment within 30 days from the end of the six-month closing date of the financial year. Unlike companies, LLPs are compulsory to keep their financial year, from April 1st to 31 March. Hence an annual return for LLP must be filed by May 30 and a statement and payment are needed by October 30 of each financial year. In addition to the annual MCA refund, LLPs must also formally file an annual income tax return.

With the LLP agreement in India, Stamp Paper must be purchased with LLP name only. However, the Agreement must be signed by all partners to express approval for all the terms and conditions set out in the LLP agreement.

The nominated/designated partner is like the Director and the partners are like the shareholders.
Partner liability is limited to the Partnership Agreement only. Designated Partners are responsible for day-to-day operations, liabilities imposed by the LLP Agreement, and for all penalties imposed on LLP for contravention of any applicable provisions that must be complied with by the LLP.

Some benefits of registering as an LLP in India are as follows-
  • LLP is easy to start and manage and has simple formalities.
  • It has a lower registration fee compared to the other corporate bodies.
  • LLP is like a company that exists separately from its partners.
  • There is no requirement for any minimum capital.
  • No partner is responsible or liable for the negligence of any another partner.
  • There is no need for a compulsory audit.

It takes at least two partners to start an LLP.

Foreign Direct Investment (FDI) is allowed in LLPs under the default route subject to sector cap rules. FDI in LLPs will not be allowed in sectors such as agriculture, print media, or real estate business.

LLP has a business structure and operations performed through an agreement between partners. Here, partners are flexible in their approach and, in a traditional partnership, partners are jointly responsible for sharing any circumstance.