A limited liability partnership sits between a partnership firm and a private limited company. Partners get the liability protection of a company while keeping the internal flexibility of a partnership — profit sharing, management rights and exit terms are whatever the LLP agreement says they are. Compliance is lighter than a company, which is why professional practices, consultancies and family-run trading businesses often prefer it.
Who needs this
- Professional firms and consultancies not seeking equity investment
- Partners who want liability protection without company-level compliance
- Businesses where profit sharing is unequal or changes with contribution
- Ventures that expect to run for years without outside shareholders
Documents required
This is the usual list. Depending on your state and your specific facts, an authority may ask for more — we tell you at the scope stage rather than midway through.
- PAN and Aadhaar of every designated partner
- Address proof of each partner, not older than two months
- Passport-size photographs
- Proof of the registered office and a no-objection certificate from the owner
- Subscriber sheet and consent of designated partners
How we handle it
1. Name reservation
The proposed name is checked against existing LLPs, companies and registered trademarks, then reserved through RUN-LLP.
2. Digital signatures
DSCs are obtained for the designated partners, who must also hold DPINs.
3. Incorporation filing
Form FiLLiP is filed with the Registrar, covering incorporation and allotment of DPIN in one step.
4. LLP agreement
The agreement is drafted around your actual arrangement — contribution, profit share, decision rights, exit and dispute resolution — and filed in Form 3 within 30 days of incorporation.
Fees and timeline
The LLP agreement must be filed within 30 days of incorporation. This deadline is missed more often than any other, and the late fee accrues per day without a ceiling.
We quote after a short conversation rather than publishing a single number, because the honest answer depends on your state, your turnover and your category. Call +91 98999 00300 or send the details through the enquiry form.
Common questions
How many partners are needed?
At least two designated partners, of whom at least one must be resident in India. There is no upper limit.
Can an LLP be converted into a private limited company later?
Yes, and it is a common path when investors come in. The conversion is a defined process under the Companies Act.
What annual compliance applies?
Form 11 annual return, Form 8 statement of accounts and solvency, and income tax return. Audit is required only once turnover or contribution crosses the prescribed limits.
Is stamp duty payable on the LLP agreement?
Yes, and the rate depends on the state and on the capital contribution.
This page is general information, not advice on your facts. Rules, rates and due dates change. Government fees are payable to the concerned authority and are separate from our professional fees.