REG-02 · Start a business
Limited Liability Partnership
Partnership flexibility with limited liability, and far lighter annual compliance.
- Professional fee from
- ₹5,999
- Timeline
- 10–15 working days
- Governed by
- LLP Act, 2008 · s.11
Professional fee. Government fee and stamp duty billed at cost.
Best suited to
Professional firms, consultancies and family businesses not seeking equity investment
Overview
An LLP gives you the limited liability of a company without the board meetings, statutory audit thresholds and resolution paperwork. Partners are taxed at 30 per cent, there is no dividend distribution tax, and audit is only required once turnover crosses ₹40 lakh or contribution crosses ₹25 lakh.
The trade-off is investability. Venture funds do not invest in LLPs, and converting an LLP into a company later is possible but slow. If external capital is anywhere in your plan, a private limited company is the better starting point.
What is included
- Name reservation through RUN-LLP
- Digital Signature Certificate for two designated partners
- Designated Partner Identification Number for two partners
- FiLLiP incorporation filing
- LLP agreement drafted and filed in Form 3
- Certificate of Incorporation, PAN and TAN
Documents you need
- 01PAN card of every proposed director or partner
- 02Aadhaar plus one of voter ID, passport or driving licence
- 03Passport-size photograph
- 04Bank statement or utility bill from the last two months
- 05Proof of the registered office address and a No Objection Certificate from the owner
- 06Proposed contribution amount for each partner
- 07Two proposed LLP names
How the filing runs
- Day 1–2
KYC and digital signatures
Partner documents collected, Class 3 DSCs issued after video KYC.
- Day 3–5
Name reserved
RUN-LLP filed with your preferred names.
- Day 6–9
FiLLiP filed
Incorporation form submitted along with subscriber sheets.
- Day 10–15
Agreement filed
The LLP agreement must be executed on stamp paper and filed in Form 3 within 30 days of incorporation. We handle both.
Questions about limited liability partnership
01How is an LLP taxed compared with a company?
Flat 30 per cent plus surcharge and cess. A company pays 22 or 25 per cent under the concessional regimes, but distributing profits to shareholders as dividend is then taxed again in their hands. For owner-operated businesses an LLP is often cheaper overall.
02Can I convert my LLP into a private limited company later?
Yes, under section 366 of the Companies Act. It takes about two months and needs consent from all partners and creditors.
03What happens if I miss the Form 3 deadline?
A late fee of ₹100 per day with no upper cap applies. This is the single most common reason LLPs end up with large penalties, which is why we file it as part of the package.
Tell us what the business does. We will tell you what it needs.
A 15-minute call with a Chartered Accountant or Company Secretary, at no cost, before you commit to anything.