Key Benefits
Why Choose This Structure?
Limited Liability
Partners' personal assets are protected. Each partner's liability is limited to their contribution.
Flexible Structure
LLP agreement defines roles, profit sharing, and management — fully customisable.
Lower Compliance
Fewer mandatory filings compared to a Private Limited Company. No statutory audit below ₹40L turnover.
Professional Image
LLP suffix adds credibility for B2B clients and professional service firms.
Eligibility
Who Can Register?
- Minimum 2 designated partners (at least one must be an Indian resident)
- No maximum limit on number of partners
- No minimum capital requirement
- A registered office address in India
- All designated partners must have DPIN / DIN
- At least one designated partner must have a DSC
Process
How It Works
- 1Obtain DSC & DPINDesignated partners apply for Digital Signature and Designated Partner Identification Number.
- 2Name ReservationReserve LLP name via RUN-LLP on the MCA portal.
- 3File FiLLiP FormFile Incorporation form with LLP agreement details and partner information.
- 4LLP AgreementDraft and file LLP Agreement within 30 days of incorporation (Form 3).
- 5PAN, TAN & Bank AccountApply for LLP PAN/TAN and open a current bank account.