Overview
A Limited Liability Partnership (LLP) is a modern business structure that combines the flexibility of a partnership with the limited Liability of a Company. Introduced under the Limited Liability Partnership Act, 2008, an LLP is a separate legal entity where partners are not personally liable for business debts.
It is ideal for small and medium-sized businesses, professionals, and joint ventures seeking minimal compliance and maximum flexibility.
Eligibility / Who Should Apply
- Minimum 2 Partners (at least one must be a resident of India)
- No limit on the maximum number of partners
- Suitable for consultants, service firms, startups, and professionals
- Minimum capital requirement: No fixed limit (contribution-based)
Step-by-Step Process
- Digital Signature Certificate (DSC): Obtain DSCs for all partners
- Director Identification Number (DIN): Apply for DIN/DPIN for designated partners
- Name Reservation: File for LLP name approval through the RUN-LLP portal
- Filing Incorporation Forms: Submit FiLLiP form with documents and details
- LLP Agreement Drafting: Define partner roles, profit sharing, and responsibilities
- Certificate of Incorporation: Issued by Registrar of LLPs along with LLPIN
Documents Required
- PAN & Aadhaar of all Partners
- Passport-size Photos
- Address Proof (Utility Bill / Bank Statement)
- Registered Office Proof (Rent Agreement / NOC / Ownership Proof)
- LLP Agreement (prepared post-registration)
Timeline
The LLP registration process takes about 10–12 working days, depending on document readiness and MCA processing time.
Post-Registration Requirements
- Draft and file LLP Agreement within 30 days of incorporation
- Apply for PAN, TAN, and GST (if applicable)
- Maintain Books of Accounts and file Form 11 (Annual Return) and Form 8 (Statement of Accounts) annually
Penalties for Non-Compliance
- Delay in filing Form 11 or Form 8: ₹100 per day
- Not filing LLP Agreement: penalty up to ₹1,00,000
- Continuous default may lead to striking off the LLP by ROC
Kanoons Service
At Kanoons Law & Tax Consultants Pvt. Ltd., we provide end-to-end LLP registration services for startups, professionals, and partnerships.
Here’s how we help:
- Consultation: Guidance on LLP suitability, partner roles, and structure
- Documentation & Filing: Preparation and filing of FiLLiP, RUN-LLP, and Agreement drafts
- Legal Drafting: Professional LLP Agreement prepared by experienced Advocates
- Post-Registration Support: PAN, GST, and compliance setup
- Dedicated Case Manager: Ensures timely communication and document tracking
Kanoons ensures your LLP is registered correctly, quickly, and compliantly, saving you from delays or rejections.
Why Choose Kanoons
- Experienced team of CAs, CSs, and Legal Experts
- 100% online & transparent process
- Tailor-made LLP Agreement drafted by legal professionals
- Affordable pricing and compliance reminders
- Trusted by 5000+ entrepreneurs and consultants across India