A Limited Liability Partnership (LLP) combines the flexibility of a partnership with the protection of a company. Governed by the LLP Act, 2008, an LLP is a separate legal entity, which means the partners are not personally liable for the LLP’s debts beyond their agreed contribution. It is a popular choice for professionals, consultants, small service businesses and family-run enterprises that want limited liability without heavy compliance.
At Delhi Tax Solutions, our CAs, Company Secretaries and legal experts handle the entire LLP incorporation process — name reservation, DPIN, FiLLiP filing and the LLP Agreement — so your LLP is registered correctly the first time.
LLP at a Glance
| Particular | Details |
|---|---|
| Governing law | Limited Liability Partnership Act, 2008 |
| Minimum partners | 2 (no maximum limit) |
| Designated partners | Minimum 2 individuals; at least 1 must be a Resident of India |
| Minimum capital | No minimum contribution required |
| Liability | Limited to the agreed contribution of each partner |
| Name must end with | "LLP" or "Limited Liability Partnership" |
| Registering authority | Registrar of Companies (ROC) through the MCA portal (FiLLiP form) |
| Approximate timeline | 7–14 working days |
| Best suited for | Professionals, consultants, small service firms and family businesses |
LLP vs Partnership Firm vs Private Limited Company
| Feature | LLP | Partnership Firm | Private Limited Company |
|---|---|---|---|
| Governing law | LLP Act, 2008 | Indian Partnership Act, 1932 | Companies Act, 2013 |
| Legal entity | Separate | Not separate | Separate |
| Partner / member liability | Limited | Unlimited | Limited |
| Minimum members | 2 partners | 2 partners | 2 shareholders |
| Compulsory audit | Only above thresholds | Only if tax audit applies | Always |
| Raising equity funds | Difficult | Not possible | Easy |
| Annual MCA filings | 2 forms | None | Multiple forms |
Minimum Requirements for LLP Registration
- Partners: At least 2 partners (individuals or companies).
- Designated Partners: At least 2 individuals, with at least one resident in India (stayed in India for at least 120 days during the financial year).
- DPIN and DSC: Each designated partner needs a Director/Designated Partner Identification Number and a Class-3 Digital Signature Certificate.
- Registered Office: A valid address in India with proof.
- LLP Name: Unique, ending with “LLP”, and not similar to an existing company, LLP or trademark.
- Contribution: No minimum. Partners decide the amount and form of contribution (cash or assets).
Step-by-Step LLP Registration Process
Documents Required for LLP Registration
For Partners / Designated Partners
Copy of PAN Card
Identity Proof (Voter ID, Passport, or Driving License)
Address Proof (Bank Statement, Electricity Bill, or Mobile Bill – less than 2 months old)
Passport-size Photographs
Active Email ID & Mobile Number (Note: Foreign nationals or NRIs must provide notarized/apostilled documents).
For Registered Office
Electricity bill or water bill (less than 2 months old)
No Objection Certificate (NOC) from the property owner
Rent agreement or ownership proof
Step-by-Step LLP Registration Process
Step 1: Obtain Digital Signature Certificates (DSC)
Since all MCA filings are 100% digital, we first obtain Class-3 Digital Signature Certificates for all designated partners.
Step 2: Apply for DPIN
Every designated partner requires a DPIN. If partners do not already possess a DIN, it is allocated directly through the integrated FiLLiP incorporation form.
Step 3: Name Reservation (RUN-LLP)
We conduct a thorough trademark and MCA database search to reserve a unique name via the RUN-LLP (Reserve Unique Name) service.
Step 4: File Form FiLLiP
FiLLiP is the main incorporation application containing partner details, office address proof, and consents. PAN and TAN for the LLP are generated simultaneously with this step.
Step 5: Receive Certificate of Incorporation
Upon verifying the submission, the Registrar of Companies (ROC) issues the official Certificate of Incorporation along with your LLPIN.
Step 6: Draft & File LLP Agreement (Form 3)
Within 30 days of registration, the LLP Agreement (detailing partner rights, profit sharing, and operational roles) must be executed on state-specific stamp paper and filed via Form 3.
Step 7: Post-Registration Account Setup
Open a dedicated LLP current bank account and complete secondary tax registrations (GST, Udyam MSME, etc.).
Annual Compliance Timeline for LLPs
| Compliance Requirement | Form Name | Due Date |
|---|---|---|
| LLP Agreement Filing | Form 3 | Within 30 days of incorporation |
| Annual Return | Form 11 | By 30th May every year |
| Statement of Account & Solvency | Form 8 | By 30th October every year |
| Designated Partner KYC | DIR-3 KYC | By 30th September every year |
| Income Tax Return | ITR-5 | As per Income Tax due dates (July/October) |
| Statutory Audit | — | Mandatory only if Turnover > ₹40 Lakh or Capital > ₹25 Lakh |
Ready to Register Your LLP?
Contact Delhi Tax Solutions today for a free consultation and get your LLP registered smoothly and hassle-free.
Get Started →Frequently Asked Questions
It depends on your business objectives. An LLP offers significantly lower compliance costs and no mandatory audit requirement for smaller businesses. However, if you plan to raise equity capital from VCs or Angel investors, a Private Limited Company structure is recommended.
Yes, a corporate entity or another LLP can become a partner in an LLP. However, the designated partners managing day-to-day operations must be natural individuals.
No. While an LLP requires a minimum of 2 partners, there is no upper limit on the maximum number of partners, unlike a traditional Partnership Firm.
No. Statutory audit is required only if the LLP's annual turnover exceeds ₹40 lakh or total partner capital contribution exceeds ₹25 lakh.
Yes, an LLP can be converted into a Private Limited Company under Chapter XXI of the Companies Act, 2013.
Ready to Register Your LLP?
Contact Delhi Tax Solutions today for a free consultation and get your LLP registered smoothly and hassle-free.
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