LLP Registration

What an LLP is and why founders choose it

A Limited Liability Partnership (LLP) is a body corporate under the LLP Act, 2008 that blends the flexibility of a partnership with the limited liability of a company. Partners are not personally liable for the LLP’s debts beyond their agreed contribution, and the LLP has perpetual succession independent of its partners. It is a popular structure for professional firms, family businesses and service ventures that want a credible, separate legal entity without the heavier compliance of a private limited company.

An LLP needs a minimum of two designated partners (at least one resident in India), no minimum capital, and is governed by an LLP agreement that sets out profit sharing, roles and decision-making. Unlike a private limited company it cannot raise equity from outside investors, so it suits businesses not planning to take VC funding.

Who should register an LLP

• Professional service firms — consultants, agencies, CA/CS/legal practices.
• Family-owned or partner-run businesses wanting liability protection without VC funding.
• Two or more co-founders who want a formal entity with low ongoing compliance.
• Businesses that value flexible internal governance through an LLP agreement.

Step-by-step incorporation process

• Obtain Class 3 DSC for the proposed designated partners.
• Reserve the name through the RUN-LLP service on the MCA portal.
• File the FiLLiP incorporation form (which also allots DPIN/DIN where needed).
• Receive the Certificate of Incorporation and LLPIN from the Registrar.
• File the LLP Agreement in Form 3 within 30 days of incorporation, and apply for PAN, TAN and a bank account.

Documents required

• PAN and Aadhaar of all partners (passport for foreign nationals).
• Address proof of partners (bank statement / utility bill, recent).
• Passport-size photographs of partners.
• Registered office proof — rent agreement plus a utility bill and an NOC from the owner.
• Subscriber/partner details and agreed capital contribution.

Ongoing compliance and penalties

Every LLP must file Form 11 (Annual Return) by 30 May and Form 8 (Statement of Account & Solvency) by 30 October each year, regardless of turnover or activity. LLPs with turnover above ₹40 lakh or contribution above ₹25 lakh must get their accounts audited. Late filing of Form 8 or Form 11 attracts a penalty of ₹100 per day per form with no upper cap — a dormant LLP that forgets to file can accumulate a very large liability. We keep your filings on calendar so this never happens.

Why register your LLP with TCC

From name reservation to the LLP agreement and your first annual filings, our experts handle the entire incorporation end to end, draft an agreement that fits how you actually run the business, and set up a compliance calendar so the ₹100-a-day penalty never bites — all on a transparent fixed fee.