LLP Registration
Limited liability, partnership flexibility
An LLP (Limited Liability Partnership) gives partners limited liability protection while keeping compliance lower than a Private Limited Company. Ideal for professionals, consultants, and startups. Sharda Associates handles complete LLP registration—agreement, MCA filing, PAN.
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Timeline
7–10 working days
Starting cost
₹5,499
Min. partners
2 partners
Filings delivered
45,500+
Why choose an LLP instead of a Partnership?
A Partnership Firm gives you none of the legal protection an LLP does — and the extra protection costs almost nothing.
Your assets stay yours
Liability is capped at each partner’s agreed contribution, not their personal wealth.
Outlives any one partner
Perpetual succession — the LLP continues regardless of partner changes.
Owns things in its own name
Liability is capped at each partner’s agreed contribution, not their personal wealth.
Banks trust it more
MCA registration gives a public, verifiable identity a Partnership can’t match.
No capital lock-in
No minimum capital requirement — contribute what the business actually needs.
Lighter than a company
Corporate credibility without the full board and audit machinery of a Pvt Ltd.
Namira Ansari
9 months ago
CA Anugrah and his team are very polite, helpful, and excellent at their work.
W. Zing Shali
9 months ago
Sharda Associates made 4 DPR for me, with so much patience and dedication. They made so many changes according to my request but was very patient with me.
Thank you all for your services 🙏🏻
Thank you all for your services 🙏🏻
ANKIIT KUMMAR
11 months ago
He is skilled and efficient in his work.
Swadhin Jaroli
11 months ago
Best service provided by the firm
Pratik Chautel
11 months ago
Excellent Service.
Rohit Dora
1 year ago
Had to give two stars for the lack of commitment from the team.
Before paying for the service, I have enquired if there is any time restriction or restriction on number of changes and was told no. However Second report was erroneous and had to make corrections for the points missed.
Now the team wants me to pay additional amount for making changes related to Fiinancials.
Extremely disappointed
Before paying for the service, I have enquired if there is any time restriction or restriction on number of changes and was told no. However Second report was erroneous and had to make corrections for the points missed.
Now the team wants me to pay additional amount for making changes related to Fiinancials.
Extremely disappointed
Nikhil
2 years ago
I would like to thanks Sharda Associates for their timely and pocket friendly services!! When it comes to applying for any loan in bank or under any government scheme, project reports play very important role in its approval . I got my project report prepared by Sharda Associates...which they prepared very professionally on time and also did multiple corrections whenever it was asked by bank. I will suggest everyone to take services from Sharda Associates for the best project reports and quick loan approvals from the bank or government scheme.
Chethan S
2 years ago
I had an excellent experience with Sharda Associates. They provided a beautifully detailed project report that exceeded my expectations. Their professionalism and attention to detail were evident in every aspect of the report.
Defination
What is an LLP?
A limited liability partnership is a business structure under the LLP Act, 2008 — combining a company’s limited liability with a partnership’s operating flexibility.
- A body corporate, separate from its partners, regulated by the MCA
- Owned by partners, but assets and liabilities belong to the LLP itself
- Minimum two partners required, no upper limit
| Legal Status | Body corporate |
| Governing Law | LLP Act, 2008 |
| Regulator | MCA |
| Minimum Partners | 2 (No maximum limit) |
| Internal Rules | LLP Agreement |
Is an LLP right for your business?
Choose an LLP if you're
- A professional services firm: CAs, CS, lawyers, architects, consultants
- A small or mid-sized business wanting liability protection, low compliance
- A family business converting from an existing Partnership
- Self-funded by founders, not seeking outside equity
- Looking for tax efficiency without corporate formalities
Avoid an LLP if you're
- Planning to raise venture capital or angel funding
- Planning to offer ESOPs to employees
- Aiming for an eventual IPO or public listing
- A solo founder — LLPs legally require two partners minimum
- In a sector where FDI is restricted beyond the automatic route
Key features of an LLP
Separate legal entity
Liability is capped at each partner’s agreed contribution, not their personal wealth.
Outlives any one partner
Perpetual succession — the LLP continues regardless of partner changes.
Owns things in its own name
Liability is capped at each partner’s agreed contribution, not their personal wealth.
No capital lock-in
No minimum capital requirement — contribute what the business actually needs.
Lighter than a company
Corporate credibility without the full board and audit machinery of a Pvt Ltd.
Banks trust it more
MCA registration gives a public, verifiable identity a Partnership can’t match.
No capital lock-in
No minimum capital requirement — contribute what the business actually needs.
Lighter than a company
Corporate credibility without the full board and audit machinery of a Pvt Ltd.
Partners vs. Designated Partners
Every designated partner is a partner — not every partner is designated. The distinction decides who’s legally accountable
Documents required
To register a Limited Liability Partnership (LLP) in India, partners must submit identity proof, address proof, registered office documents, and other supporting records. Ensuring that all documents are accurate and up to date helps avoid delays or rejection during the registration process.
Partner PAN Card
Identity Proof
Address Proof
Photograph
Utility Bill
NOC from Owner
Rent Agreement
Passport (NRI/Foreign)
The LLP registration process
Seven sequential filings, typically 7–10 working days when documents are ready.
Obtain Digital Signature Certificates
Every designated partner needs a DSC to sign forms electronically.
Step 01
Apply for DPIN
Designated Partner Identification Numbers for partners who don't have one.
Step 02
Reserve the LLP name
File RUN-LLP with the MCA to check and reserve your chosen name.
Step 03
File incorporation (FiLLiP)
Submit partner and office details to the Registrar of Companies.
Step 04
Receive Certificate of Incorporation
The ROC issues the certificate with your LLP identification number.
Step 05
Draft and file the LLP Agreement
Filed as Form 3 within 30 days of incorporation — mandatory, not optional.
Step 06
Apply for PAN and TAN
Completes the tax identity so the LLP can open a bank account.
Step 07
The Founding Contract
The LLP Agreement: what it is, and why it's mandatory
The private contract between partners governs how the LLP actually runs — and the law requires you to file it.
- Covers capital, profit-sharing, roles, and exit terms
- Filed as Form 3 within 30 days of incorporation
- Miss it, and default provisions of the First Schedule apply instead
| Filing form | Form 3 |
|---|
| Deadline | 30 days |
| Late penalty | ₹100/day, no cap |
| If not filed | Default rules apply |
Annual LLP compliance
These filings apply every year, whether or not the LLP did any business.
Can an LLP get business loans?
Yes. As a separate legal entity, banks and NBFCs treat an LLP as an eligible borrower.
What lenders check
LLP Agreement, financial statements, ITRs, and a project report or CMA data
Available routes
LLP Agreement, financial statements, ITRs, and a project report or CMA data
The real constraint
Fresh LLPs have limited history — early loans lean on founders’ credit and a strong project report.
Advantages and limitations
Advantages
- Limited liability protects personal assets
- Lower compliance than a Private Limited Company
- No minimum capital requirement
- No dividend distribution tax; flat 30% rate, no surcharge below threshold
- Perpetual succession regardless of partner changes
Limitations
- Cannot issue equity shares — unsuitable for VC funding
- Requires a minimum of two partners
- Greater public disclosure than an unregistered partnership
- Filing penalties accrue even if the LLP is inactive
- Harder to convert to a listed company later
LLP vs. Partnership vs. Private Limited
- Choosing the right business structure is an important decision because it affects your legal liability, compliance requirements, taxation, funding opportunities, and future business growth. The right option depends on your business size, goals, and long-term plans.
- A partnership firm is the simplest and most affordable option for businesses started by two or more partners. It requires minimal compliance and is suitable for small businesses, but partners have unlimited personal liability and raising external investment is difficult.
- An LLP (Limited Liability Partnership) combines the flexibility of a partnership with the protection of limited liability. It offers a separate legal identity, moderate compliance requirements, and is widely preferred by professionals, consultants, and service-based businesses.
- A Private Limited Company is the best choice for businesses planning to scale, raise investment, or build long-term credibility. It provides limited liability, a separate legal identity, and better access to funding, although it comes with higher compliance and annual filing requirements.
LLP registration cost
Fixed packages that bundle every incorporation step into one price
Basic Package
₹5,499
- LLPIN
- Free PAN
- Free ESIC
- MCA processing
- 2 DPIN allotments
- LLP Agreement drafting
- 2 free DSCs
- Free TAN
- Free EPF
- FiLLiP Part A & B
- Free GST registration
Choose Basic
Basic Package
₹5,499
- Everything in Basic
- Form 8 filing
- Full first-year MCA compliance
- Form 3 filing
- Form 11 filing
- Dedicated CA support
Choose Smart
Common mistakes founders make
1. Filing the LLP Agreement late, or not at all
Mandatory within 30 days — the penalty accrues daily with no cap.
2. Fixing a profit-sharing ratio without legal review
An informal verbal understanding causes disputes once the business earns.
3. Assuming “no business means no filing”
Form 11 and Form 8 are due every year, even for a dormant LLP.
4. Mixing personal and LLP finances
Undermines the liability protection the LLP structure is meant to provide.
5. Letting DSC or DIN KYC lapse
An expired KYC blocks every subsequent filing until renewed.
6. Choosing an LLP when equity funding is the real plan
If VC funding is on the roadmap, a private limited company fits investor expectations.
Frequently asked questions
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership with the limited liability protection of a company. Unlike a Private Limited Company, an LLP has lower compliance requirements, no mandatory audit below a certain turnover threshold, and no restriction on the number of partners. However, LLPs cannot raise equity funding from investors the way private limited companies can, making LLPs better suited for professional services and small-to-medium businesses rather than startups seeking venture capital.
An LLP requires a minimum of 2 partners, with at least one being a Designated Partner who is a resident of India (someone who has stayed in India for at least 120 days during the financial year). There is no upper limit on the number of partners, and at least one partner must be an individual (corporate entities can be partners too, but not exclusively).
You'll need PAN card and address proof (Aadhaar, voter ID, or passport) of all partners, a recent utility bill or bank statement as address proof, passport-size photographs, and proof of the registered office address (rent agreement with NOC or ownership documents). Digital Signature Certificates (DSC) for all designated partners and Director Identification Number (DIN)/DPIN are also mandatory before filing incorporation documents.
LLP registration typically takes 10–15 working days from the date of document submission, assuming all documents are in order and there are no name-approval delays. The process involves DSC issuance, name reservation through RUN-LLP, filing FiLLiP for incorporation, and finally filing the LLP Agreement within 30 days of incorporation.
The LLP Agreement is a legal document that defines the rights, duties, profit-sharing ratio, and responsibilities of each partner. It must be filed with the Registrar within 30 days of incorporation using Form 3. Without a properly drafted LLP Agreement, disputes between partners regarding profit distribution, decision-making authority, or exit terms can become legally complicated, so it's advisable to have this drafted by a professional rather than using generic templates.
Every LLP must file Form 11 (Annual Return) by May 30 and Form 8 (Statement of Account & Solvency) by October 30 each year, regardless of whether the LLP has conducted any business. Income tax returns must also be filed annually. LLPs with turnover exceeding ₹40 lakh or contribution exceeding ₹25 lakh require a mandatory tax audit. Non-filing attracts a penalty of ₹100 per day per form with no upper cap, so timely compliance is critical.
Yes, an LLP can be converted into a Private Limited Company under Section 366 of the Companies Act, 2013, if the business later needs to raise equity funding or bring in institutional investors. The conversion process involves filing specific forms with the Registrar of Companies along with consent from all partners, and the LLP's assets and liabilities are transferred to the newly formed company.
GST registration is mandatory only if the LLP's annual turnover exceeds ₹40 lakh for goods (₹20 lakh for services in most states, ₹10 lakh for special category states), or if the LLP is engaged in inter-state supply, e-commerce, or specific notified categories regardless of turnover. Many LLPs choose to register voluntarily even below the threshold to claim input tax credit and appear more credible to B2B clients.