A hybrid structure combining company-like liability protection with partnership-like flexibility
A Limited Liability Partnership (LLP) is a separate legal entity registered under the LLP Act, 2008 with the Ministry of Corporate Affairs (MCA). Partners’ liability is limited to their agreed contribution, while internal management stays as flexible as a traditional partnership — governed by a mutually agreed LLP Agreement rather than a rigid board structure.
We handle end-to-end LLP registration — DPIN/DSC for partners, name approval, drafting the LLP Agreement, MCA filing, and post-registration compliance.
Key requirements at a glance
| Requirement | |
|---|---|
| Minimum partners | 2 (no upper limit) |
| Designated partners | At least 2, of whom at least one must be an Indian resident |
| Minimum capital | No minimum prescribed |
| Liability | Limited to agreed contribution in the LLP Agreement |
| Name suffix | Must end with “LLP” |
| Governing law | LLP Act, 2008 |
| Ownership transfer | Governed by the LLP Agreement, not freely tradable shares |
Why founders choose an LLP over a Private Limited company
What’s included in our registration service: DSC and DPIN for designated partners, name reservation, drafting of the LLP Agreement, Certificate of Incorporation, LLP PAN, TAN, and GST registration where applicable.
Typical timeline: 7–10 working days from receipt of complete documents, subject to name availability and MCA processing time.
Step 1 — Consultation and structuring
We confirm the number of partners, designated partners, capital contribution, profit-sharing ratio, and registered office address before filing begins.
Step 2 — Digital Signature Certificate (DSC)
Each designated partner needs a Class 3 DSC to sign electronic filings, requiring video KYC and an Aadhaar-linked mobile number for OTP verification.
Step 3 — Designated Partner Identification Number (DPIN)
Every designated partner needs a DPIN, which is allotted through the same application used for incorporation — no separate application is needed for first-time partners.
Step 4 — Name reservation
We check name availability against existing companies, LLPs, and trademarks, then reserve it through the RUN-LLP service on the MCA portal. Up to two name options can be submitted.
Step 5 — Incorporation filing (FiLLiP)
The Form for Incorporation of LLP (FiLLiP) is filed with the ROC, covering partner details, registered office, and proposed business activities — DPIN allotment for new partners happens within this same form.
Step 6 — Certificate of Incorporation (COI)
On approval, the ROC issues the COI along with your LLP Identification Number (LLPIN), followed by LLP PAN and TAN.
Step 7 — LLP Agreement filing
The LLP Agreement — covering capital contribution, profit-sharing ratio, rights and duties of partners, and dispute resolution — must be filed in Form 3 within 30 days of incorporation. This is a mandatory step separate from incorporation itself.
Step 8 — Post-incorporation compliance
From each partner and designated partner
For the registered office
For foreign nationals / NRI partners
Additional notes
Limited liability protection
Partners’ personal assets are protected — liability is capped at the contribution amount agreed in the LLP Agreement, not extended to personal wealth.
Separate legal entity
The LLP can own property, enter contracts, and sue or be sued in its own name, independent of its partners, with perpetual succession regardless of partner changes.
Significantly lighter compliance
No mandatory board meetings or AGM-equivalent formalities, and statutory audit only kicks in above prescribed turnover or contribution thresholds — a meaningfully lower ongoing compliance load than a Private Limited company.
Tax efficiency
No Dividend Distribution Tax applies to profit withdrawals by partners, unlike the tax treatment on company dividends — a real advantage for services firms distributing profits regularly.
Flexible internal governance
Profit-sharing ratios, partner admission and exit terms, and decision-making authority are entirely governed by the LLP Agreement, letting partners structure the business exactly as they’ve agreed rather than fitting a prescribed company format.
Lower cost of compliance and maintenance
Fewer statutory filings and simpler audit requirements translate directly into lower ongoing professional fees compared to running a Private Limited company.
Credibility with a formal structure
An LLPIN and registered LLP Agreement give clients, vendors, and banks a formal, verifiable entity to contract with — more credible than an unregistered partnership, without the full governance overhead of a company.
Well suited to professional and service businesses
Consultancies, CA/CS/law firms structured for LLP eligibility, and service-based businesses that don’t need external equity funding get most of the benefits of incorporation without the equity-and-board machinery a Private Limited company requires.