Limited Liability Partnership Registration
Register your LLP at just ₹8499/- (All inclusive)
Price Breakdown Documents Required Timelines
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Our Plan for LLP Registration starts at
₹8499/-
Deliverables
Name Approval of LLP
DIN for LLP Designated Partners
Digital Signature for 2 Partners
1 Partnership Deed/LLP Agreement
PAN and TAN of LLP
Certificate of Incorporation
*Above fees include government fee on minimum contribution of INR 1 Lacs. In case partner’s contributions exceeeds 1 Lacs, differential fees will be borne by client.
Documents Required For LLP Registration
- Photo, PAN and Aadhar of all Partners
- Copy of Notarised Rental Agreement
- Copy of Sale Deed/Property Deed (If owned property)
- Recent electricity bill in the name of owner
- Holding Tax Receipt/Municipal Khata Copy
- Landlord NOC (Format will be provided)
- Susbscriber List and Consent Letter (Format will be provided)
- Phone Number and Email id of all partners
How long does it take?
14 Days
(From Receipt of All Documents)
Step 1
Filing of ‘RUN – LLP Reserve Unique Name-Limited Liability Partnership’ – A form for reserving a name for the LLPStep 2
Obtain DSC for partners
Step 3
Filing of Form ‘FiLLiP’ – A Form for incorporation of LLP
Step 4
Obtaining certificate of incorporation,PAN, TAN, DPIN and filing of Form 3 to register LLP Agreement with MCA
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Frequently Asked Questions
The main difference between a partnership and a limited liability partnership (LLP) is the level of liability protection provided to the partners.
Partnership Firm
Two or more people can own and operate the partniship firm business together. The partners share the profits and losses of the firm and are personally liable for its debts and obligations.
Limited Liability Partnership Firm
LLP is a type of Partnership where the partners have limited liability for the debts and obligations of the business. If the company incurs debts or legal action, the partners’ assets are not at risk. LLPs are typically used in professional services such as accounting, law, and consulting.
Maintainance of Books of Account :
All LLPs must maintain proper books of account relating to its affairs each year on cash or accrual basis. The book of accounts must be kept as per double entry system of accounting at the registered office. In case of LLPs with a turnover of more than Rs.40 lakhs or capital of over 25 lakhs, the accounts must be audited by a Chartered Accountant.
Any LLP that does not comply with the provision of the Act can be punishable with a fine of not less than Rs. 25,000 and to a maximum of Rs. 5,00,000. Further, the designated partner could be punished with a penalty of Rs. 10,000 and Rs. 1,00,000 for non-compliance.
Annual Return Filing:
An LLP will have to file 2 types of MCA annual return each financial year, namely Form 8 & Form 11.
Form 8
Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. This must be digitally signed by 2 designated partners and it must be certified by a chartered accountant/company secretary/cost accountant. Form 8 has two parts:
Part A – Statement of Solvency
Part B – Statement of Accounts, Statement of Income & Expenditure
The penalty for not filing this form would be Rs. 100 per day until it is compiled.
Form 11
Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners. All LLPs should file this form within 60 days from the closure of the financial year with the prescribed fee. Hence, the due date for filing LLP Form 11 is 30th of May each year.
An LLP cannot be wound up or closed until all the annual returns are filed. Hence, it is important to file LLP Annual Return on or before the due date to avoid penalty.
Income Tax Return Filing:
All LLPs registered in India are required to file income tax return each year, irrespective of revenue or profits. Hence, even an LLP that is dormant not having undertaken any transaction must file income tax return.
Maintenance of Documents:
All LLPs are required to maintain its incorporation document, names of partners and changes made, proof of fee payment, statement of account & solvency & annual return filed by LLP with the Registrar at its registered office. The above records should be readily made available for inspection at the request of concerned authorities.