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Limited Liability Partnership

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Limited Liability Partnership

Get your LLP registered seamlessly with ThinkBiz Filings – Professionally at the lowest cost of ₹14,999!

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What is Limited Liability Partnership?

All you need to know

LLP Registration in India has become an alternative form of business that provides the advantages of a Company and the flexibility of a Partnership firm into a single organization. The Concept of LLP in India was introduced back in 2008 by the Limited Liability Partnership Act of 2008.

This unique hybrid is suitable for setting small, medium-sized businesses.

It is very easy to manage and incorporate a Limited Liability Partnership in India. To register an LLP minimum of two partners are required, there is no upper limit as such. The LLP agreement states the rights and the duties of the Partners. In an LLP one partner is not responsible for the misconduct and negligence of the other partner. The partners are responsible for the compliances and all the provisions that are specified in the LLP agreement.

Incorporating an LLP company has both Limited Liability features of a Private Limited Company and the flexibility of a Partnership Firm. No partner is liable on account of unauthorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s misconduct. LLP form of organization is usually preferred by Professionals, Micro and Small businesses that are family owned or closely-held.

LLP registration procedure is the easiest and transparent process as it has a blend of the benefits of a Company and a Partnership Firm namely, limited liability feature of a Company and the flexibility of a Partnership Firm. Procedure of LLP registration is not lengthy as you can file your incorporation form online. Online LLP registration procedure will save you a lot of time and energy. LLP registration process includes following steps:

  • Obtain Digital Signature
  • LLP Name Application through RUN-LLP
  • Incorporation of LLP- Form FiLLiP- (Includes DIN Application)
  • PAN and TAN Application
  • File LLP

Government Fees / Cost for LLP registration:

For registration of Limited Liability Partnership, government fees are as below. Note that there are additional costs such as DIN application fees, stamp duties, LLP form filing fees as well:

  • Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh Rs. 500/-.
  • Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs Rs. 2000/-.
  • Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs Rs. 4000/-.
  • Limited Liability Partnership whose contribution exceeds Rs. 10 lakh Rs. 5000/-.

However, it may vary according to the stamp duties of respective states.

Every LLP is required to have at least two Designated Partners who shall be individuals and at least one of them shall be a Resident of India. The mutual rights and duties of partners shall be governed by the agreement between LLP and the partners. This Agreement would be known as “LLP Agreement”.

Thinkbiz Filings. is an eminent business platform and a progressive concept, which helps end-to-end incorporation, Secretarial compliance, Startup advisory, and management consultancy services to clients in India and abroad. Incorporating a Limited Liability Partnership is completely online, easy, seamless, cheapest and quickest with Thinkbiz Filings. Also file your LLP Annual filings with Thinkbiz Filings.!

Suggested Read: LLP registration Process and fees in detail.

LLP Registration Fees

Transparent Pricing | No Hidden Fees

Simple, upfront pricing with no hidden costs—just clear, professional service you can trust.
( Exclusive of 18% GST )

ESSENTIAL

Seamless Startup Registrations for a Strong Start.
14,999/-
  • 1 Name Approval Application
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • LLP Incorporation Certificate
  • LLP Agreement
  • e-PAN, e-TAN
  • ESI & EPF Registration through SPICe Plus
  • Bank Account opening Support
Check Out
( Exclusive of 18% GST )

ADVANCED

Seamless Startup Registrations for a Strong Start.
19,999/-
  • 1 Name Approval Application
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • LLP Incorporation Certificate
  • LLP Agreement
  • e-PAN, e-TAN
  • ESI & EPF Registration through SPICe Plus
  • Bank Account opening Support
  • SSI/MSME Registration
  • GST Registration
Check Out
( Exclusive of 18% GST )

PREMIUM

Seamless Startup Registrations for a Strong Start.
28,999/-
  • 1 Name Approval Application
  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • LLP Incorporation Certificate
  • LLP Agreement
  • e-PAN, e-TAN
  • ESI & EPF Registration through SPICe Plus
  • Bank Account opening Support
  • SSI/MSME Registration
  • GST Registration
  • Trademark(1 application 1 class) (start ups, proprietorship & small business)
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Mandatory LLP Compliances

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Essential Documents for LLP Incorporation

              Quick Checklist for LLP Registration

              • Photograph of all Partners
              • PAN Card of all Partners
              • ID Proof (Driving License/Passport/Voter ID)
              • Electricity Bill or any utility bill as Registered Office Address Proof

              Specific Requirements for LLP Registration

              • LLP must have a registered office in India
              • Bank statement or electricity bill (not older than 2 months)
              • Utility bill, rent agreement, or sale deed
              • No Objection Certificate (NOC) from the landlord consenting to use the premises as the registered office

              Advantages of LLP

              Points to make your decision easy

              Limited Liability

                LLP partners are only liable up to their contribution, keeping personal assets safe from business debts and liabilities, ensuring financial security.

                Easy Transferability

                  LLP ownership can be easily transferred by adding a new Designated Partner, without affecting its existence, as it operates as a separate legal entity.

                  No Minimum Capital

                    LLP formation requires no minimum capital, allowing registration with as little as ₹1000, making it a cost-effective and flexible business structure.

                    Separate Legal Entity

                      An LLP has a distinct legal identity, meaning it exists independently of its partners, protecting them from personal liability for business obligations.

                      Tax Benefits

                        LLPs enjoy lower tax rates, no dividend distribution tax, and exemptions from several corporate taxes, reducing the overall tax burden.

                        Less Compliance

                          LLPs don’t require a mandatory audit unless annual turnover exceeds ₹40L or contribution surpasses ₹25L, reducing regulatory burdens.
                          FAQs On Limited Liability Partnership
                          Get answers to all your queries
                          What is a Limited Liability Partnership (LLP)?
                          • An LLP is a type of business structure that combines the flexibility of a partnership with the limited liability of a company. It is a separate legal entity from its partners.
                          Who can form an LLP?
                          • Any individual or corporate entity can become a partner in an LLP. At least two designated partners (one must be an Indian resident) are required to form an LLP.
                          What is the key advantage of an LLP over a partnership firm?
                          • Unlike a traditional partnership, an LLP offers: Limited liability protection to partners Separate legal entity status Lower compliance burden compared to a private limited company
                          Is there a minimum capital requirement to start an LLP?
                          • No, there is no minimum capital requirement for an LLP. It can be started with any amount of capital.
                          Can a single person start an LLP?
                          • No, an LLP requires at least two partners. A single individual cannot form an LLP.
                          How do I register an LLP?
                          • Steps to register an LLP: Obtain Digital Signature Certificate (DSC) for partners Apply for Director Identification Number (DIN) Reserve a unique LLP name using the RUN-LLP form File FiLLiP (Form for Incorporation of LLP) with MCA Execute LLP Agreement and submit Form-3
                          What documents are required to register an LLP?
                          • PAN & Aadhaar card of partners Address proof (bank statement, electricity bill) Proof of registered office (rent agreement + NOC) LLP Agreement (to be filed within 30 days of incorporation)
                          Can an LLP be converted into a private limited company?
                          • Yes, an LLP can be converted into a private limited company by following the process specified under the Companies Act, 2013.
                          How is an LLP taxed?
                          • LLPs are taxed at a flat rate of 30% on profits, plus surcharge and cess. Partners' income is taxed separately.
                          Does an LLP need to file annual returns?
                          • Yes, an LLP must file: Form 8 (Statement of Accounts & Solvency) Form 11 (Annual Return with ROC)
                          Have some queries?
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 8977983666

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