A Limited Liability Partnership (LLP) is a flexible business entity introduced under the Limited Liability Partnership Act, 2008 in India. It combines elements of a partnership and a company,  offering limited liability for partners while retaining the operational flexibility of a partnership.

Eligibility and Key Roles

• Minimum two partners are required; at least two designated partners. One designated partner must be resident in India.

• Partners can be individuals or corporate bodies (but designated partners must be individuals).

• Partners must not be minors, insolvent persons, or of unsound mind.

Documents Required for Registration

For Indian Partners

• PAN

• Aadhaar

• Address proof (utility bill/bank statement < 60 days)

• Photo

• Mobile & email

For Foreign Partners

• Passport

• Address proof

• Notarized/apostilled documents

Registered Office

• Rent agreement or ownership document

• Recent utility bill (< 60 days)

• Owner’s No Objection Certificate (NOC)

 

Step by Step Process fro LLP Registration

Step 1: Obtain Digital Signature Certificate (DSC)

All filings are made electronically; hence partners need DSC Class III.

Required documents

• PAN card

• Aadhaar

• Address proof (bank statement/utility bill – recent)

• Photograph

• Email + mobile

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Step 2: Designated Partner Identification Number (DIN/DPIN)

If partners do not already have DIN, it is allotted via the incorporation form.

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Step 3: Reserve LLP Name

Names must be:

• Distinct from existing LLPs/companies

• Not infringing trademarks

• Reflecting business activity

Naming format

Unique Name + Business Activity + LLP

Example:
Crestwave Analytics LLP

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Step 4: File LLP Incorporation Form

Information required:

• Registered office details

• Proposed business activity

• Partner details

• Designated partner data

• Capital contribution

• Subscribers’ declaration

Output from the authority

• Certificate of Incorporation

• LLPIN (LLP Identification Number)

• DIN (if new)

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Step 5: Execute & File LLP Agreement

This defines:

• Profit ratio

• Roles & responsibilities

• Partner capital

• Rights and obligations

• Exit terms

It must be filed within 30 days of incorporation.

▶ Penalty = ₹100 per day with no upper limit if delayed.

Timeline for LLP Registration