Limited Liability Partnership (LLP) Incorporation in India

Limited Liability Partnership (LLP) Incorporation in India

Why LLP is better choice for you?

Best option if your business or Profession is small as well as it has Less ROC Compliances
Eligible to Apply for StartupIndia Recognition

As compared to a Private Limited Company, an LLP is more beneficial and convenient to run due to less ROC compliances and No requirement for statutory audit by practicing chartered accountant till the turnover exceeds Rs 40 Lakhs or Partners Capital Contribution upto Rs 25 lakhs. For income tax purpose, LLP is treated on a par with partnership firms. Thus, LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax. Thus no dividend distribution tax is payable. Provision of ‘deemed dividend’ under income tax law, is not applicable to LLP. Section 40(b): Interest to partners, any payment of salary, bonus, commission or remuneration allowed as deduction. In case an LLP fails to file Form 8 or Form 11 (LLP Annual Filing), a penalty of Rs.100 per day, per form is applicable. There is no cap on the penalty and it could run into lakhs if an LLP has not filed its annual return for a few years.

Features of Limited Liability Partnership (LLP)

  • Minimum 2 Partners require to form LLP
  • Maximum 200 Partners allowed in LLP
  • All Partners should obtain DIN
  • Annual Statutory Audit not mandatory upto Turnover Rs 40 lakhs / Capital contribution upto Rs 25 Lakhs
  • Less ROC Compliance - Low cost
  • HIGH NON COMPLIANCE PENALTY - ROC Non Compliance penalty Rs 100 per day per form ( 2 forms yearly). No Maximum Penalty Cap.
  • LLP can raise FDI
  • In LLP there is not provision for issue of Share Capital
  • LLP is convertible into Private Limited Company after 2 years with minimum 7 partners
  • HIGH TAX - Normal Income Tax rate like Partnership firm @ 30% on net profit
  • LLPs are required to maintain proper books of accounts since registration on cash basis or accrual basis
  • LLP is a separate legal entity from the partners. Each partner can sue the other in case a situation arises.

Pre-requisite for LLP formation

Proposed LLP name must be unique. The suggested name should not match or identical with any existing companies/LLP or trademarks in India. # We help here to choose name.
All Proposed Partners must have Active DIN
Digital Signature of any one Partner
Decide Capital contribution by each partners
Stamp duty on LLP Agreement based on Capital Contribution. Low Capital - Less Govt Fee.
Decide LLP State and Office address

Documents Requirements for LLP Incorporation

Below Documents required from all proposed partners
  • Photographs
  • PAN card Copy
  • ID Proof - Driving License / Voter ID / Passport (anyone)
  • ID Proof - Driving License / Voter ID / Passport (anyone)
  • Address Proof - Bank Statement / Telephone or Mobile or Electricity Bill (not more than 30 days old)
  • Email ID and Mobile Numbers
  • Aadhar card ( Optional )
  • Proposed Company Registered Office Address Proof - Telephone or Mobile or Electricity Bill (not more than 30 days old) + NOC from property owner
  • DIN ( Optional - In case any proposed partners/Designated partners already have Active DIN)

Our Service Coverage

After LLP incorporation, you will receive below documents from our side
  • Certificate of Incorporation of LLP
  • LLP Agreement
  • PAN card
  • One Digital Signatures (Class 2)
  • Directors Identification Number (DIN)
  • Assist in Bank A/c Opening

LLP Registration Procedure in India

Easy & Hassle free online process

Documentation & Finalise LLP name
First we collect documents and then send you few papers for your signature on email. Then we collect scan copy of Signed Papers from you on email. Side by side we finalise 2 proposed name of LLP #We can complete this in day 1
DSC apply
Meanwhile we apply for Digital Signatures of one Partner. #We can complete this in day 1
Incorporation Filing
In day 2 we file Incorporation form with ROC. All Forms certified by CA or CS or CMA.
Partnership Deed
Once LLP Incorporated, we prepare LLP agreement and send you on email. You need to take printout of the agreement on stamp paper ( of prescribed amount) and send us back signed scan copy on email. # Then we file it with ROC for registration.
LLP Registration Completed
Once Form filed attaching LLP Agreement is approved by ROC. Incorporation is Done here. After that we apply for PAN Card of the LLP

Our Professional Fees & Expenses

LLP Registration     - Professional Fee
with 2 Partners
2500 Select
LLP Registration     - Professional Fee
with 3 Partners
3000 Select
LLP Registration     - Professional Fee
with 4 Partners
4000 Select
LLP Registration     - Professional Fee
with 5 Partners
4500 Select
(10 AM to 7 PM, IST)
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