Limited Liability Partnership (LLP) Registration (₹4,499)

Why Choose a Limited Liability Partnership (LLP)?

A Limited Liability Partnership (LLP) is an ideal business structure for professionals, service consultancies, agencies, and small-to-medium businesses seeking corporate legal status without the heavy statutory compliance burden of a Private Limited Company.

Under the LLP Act, 2008, partners are not personally liable for another partner's misconduct or negligence. LLPs are exempt from mandatory statutory audits unless annual turnover exceeds ₹40 Lakhs or capital contribution exceeds ₹25 Lakhs, delivering significant annual compliance savings.

Key Statutory Benefits & Business Advantages

Holding a verified, compliant registration delivers substantial commercial and legal protections:

Mutual Liability Protection

Partners enjoy limited liability up to their agreed contribution; personal assets are immune from partnership debts and partner misconduct.

No Mandatory Audit Below Threshold

Statutory audit is not mandatory unless annual turnover exceeds ₹40 Lakhs or capital contribution exceeds ₹25 Lakhs.

Flexible Internal Governance

Operational rules, profit sharing, and partner responsibilities are governed by a customized LLP Agreement rather than rigid company law.

No Dividend Distribution Tax

Profits distributed among partners are completely exempt from tax in the hands of the individual partners.

No Limit on Maximum Partners

An LLP requires a minimum of 2 partners, but unlike private companies, there is no statutory upper limit on the number of partners.

Professional Firm Standard

Preferred legal structure for chartered accountants, advocates, engineers, consultants, designers, and medical professionals.

Statutory Parameters for LLP Incorporation

Statutory requirements under the Limited Liability Partnership Act, 2008:

Parameter	Statutory Requirement	Applicable Rule
Designated Partners	Minimum 2 Designated Partners (1 Indian Resident)	Section 7 of LLP Act
Capital Contribution	No minimum statutory capital requirement	As agreed in LLP Agreement
DPIN & DSC	Mandatory for all proposed designated partners	MCA V3 Portal
LLP Agreement Filing	Mandatory filing in Form 3 within 30 days	Section 23 of LLP Act
Annual Filings	Form 11 (Annual Return) & Form 8 (Solvency Statement)	Statutory Due Dates

Compliance Note: Body corporates and existing partnership firms can also become partners in an LLP through designated individual nominees.

Mandatory Documents Required

Our team verifies every document prior to portal submission to prevent officer clarification delays:

PAN Card of Designated Partners

Mandatory tax identity of all partners

Aadhaar Card / Passport / Voter ID

Identity proof with matching name and date of birth

Recent Bank Statement or Utility Bill

Residential address proof of partners (less than 2 months old)

Registered Office Proof

Electricity bill, water bill, or property tax receipt of the office

Owner NOC & Rent Deed

No-Objection Certificate from premises property owner

Digital Signature Certificates (DSC)

Class-3 DSC for designated partners

Our 4-Step Filing & Registration Process

We ensure accuracy and speedy turnaround with complete milestone visibility:

1

RUN-LLP Name Approval

Selecting unique LLP name and securing reservation approval via MCA RUN-LLP form.

2

FiLLiP Form Filing

Drafting incorporation documents, DPIN application, and submitting Form FiLLiP on MCA V3.

3

LLP Certificate Allotment

ROC review and allotment of LLPIN (LLP Identification Number) and corporate PAN/TAN.

4

Form 3 Agreement Filing

Drafting stamp-duty compliant LLP Agreement on non-judicial stamp paper and filing Form 3 within 30 days.

Frequently Asked Questions

The entire LLP registration process typically takes 7 to 10 working days, with subsequent execution and filing of the stamped LLP Agreement Form 3 within 30 days of incorporation.

Yes. NRIs and individuals can become partners. Salaried individuals can also be partners provided their employment contract does not prohibit holding business partnerships.

Failing to file the LLP Agreement (Form 3) within 30 days of registration attracts statutory penalties of ₹100 per day of continuous default with no upper limit. Mazco ensures prompt Form 3 filing.

No. An LLP is exempt from mandatory audit unless its turnover exceeds ₹40 Lakhs or total partner capital contribution exceeds ₹25 Lakhs in any financial year.

Yes. An LLP can be converted into a Private Limited Company under Section 366 of the Companies Act, 2013 as business operations grow.

LLPs must file Form 11 (Annual Return) by 30th May and Form 8 (Statement of Accounts & Solvency) by 30th October each year.

Limited Liability Partnership (LLP) Registration