Limited Liability Partnership (LLP) Registration admin August 31, 2023
Limited Liability Partnership (LLP) Registrations
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Limited Liability Partnership (LLP)

In India, the concept of Limited Liability Partnership (LLP) was introduced through the “Limited Liability Partnership Act, 2008.” This act offers partners protection from being personally liable for the misconduct of their fellow partners. LLPs are particularly favored by experts and micro/small businesses, especially those that are family-owned or closely-held.

The primary advantage of an LLP is that it provides partners with limited liability, shielding their personal assets from business liabilities. In contrast, partners in a private limited company also enjoy limited responsibility to creditors, meaning that in case of business failure, creditors can only access the company’s assets, not the personal assets of the directors.

Consequently, all LLP partners benefit from a form of limited liability, safeguarding their personal assets within the framework of the partnership. LLP registration can be facilitated by “LegalRaasta,” a service provider with a presence in various Indian cities including Delhi NCR, Bengaluru, Mumbai, Chennai, and more.

Select LLP for the following reasons:
  • Dual Advantages - Combining the Benefits of a Company and a Partnership
  • Restricts the liabilities of its partners.
  • No partner will be held liable for the misconduct of another partner.
  • More cost-effective to establish compared to a private limited company.
Documentation Needed for LLP Registration
  • Partner's PAN Card Copy
  • Photograph of Partners in Passport Size
  • Copy of Aadhaar Card, Voter Identity Card, or Driver's License for Address Verification
  • Electricity/Water Bill, Telephone Bill, or Latest Bank Statement for Verification of Registered Office (Business Location)
  • Copy of Sale Deed or Property Deed (If Property is Owned)
  • Landlord NOC (Format will be provided)
  • Electronic Signature Certificate
  • Passport (for Foreign Nationals/Non-Resident Indians)
  • Notarized Rental Agreement Copy
  • Copy of No Objection Certificate (NOC) from the Property Owner
What makes LLP Registration the preferred choice?
  • It possesses a distinct legal identity, distinguishing it from traditional partnership firms.
  • Each partner's liability and responsibilities are constrained to their respective contributions.
  • The initial setup cost for forming an LLP is minimal.
  • Auditing is not obligatory for LLPs, as they are considered medium-sized, self-sufficient enterprises.
  • Less agreement and guidelines in the formation of LLP.
  • There are no stipulated minimum capital requirements.
  • Transferring the LLP's responsibilities to another individual is a seamless process, involving their appointment as a Designated Partner of the LLP.
  • An LLP enjoys a perpetual existence, which can be extended indefinitely until a mutual agreement among the partners concludes it.
Key Documents for LLP Registration
  • LLP Name Reservation Form – Reserve a Unique Name for Limited Liability Partnership
  • FiLLiP : LLP Incorporation Form
  • Form 5 : Name Change Notice
  • Form 17 : Firm to LLP Conversion Application and Statement
  • Form 18 : Private Company or Unlisted Public Company to LLP Conversion Application and Statement
LLP Eligibility Checklist for Indian Companies
A company must meet specific requirements to be eligible for registration as an LLP. These requirements include:
  • PAN Card Copies of Partners
  • Passport-Sized Photographs of Partners
  • Copy of Sale Deed/Property Deed (If the Property is Owned)
  • Landlord NOC (No Objection Certificate) - Format Provided
  • Digital Signature Certificate
  • Passport (in case of Foreign Nationals/ NRIs)
  • Notarized Rental Agreement Copy
  • Property Owner's NOC Copy
  • Address Proof Documents (Aadhaar Card, Voter ID, Driver's License) Copy
  • Address Proof Documents (Aadhaar Card, Voter ID, Driver's License) Copy
Process for Registering a Company

Fill the Pvt . Ltd Company Application Form

At least 2 Partners (Aged 18 years and above)

No Minimum Capital Requirement

DPIN for all the Directors

At Least One Designated Partner Must Be an Indian Resident

Our consultant will discuss the issue over a 24X7 helpline .

Criteria for Registering a Private Limited Company

At least 2 Partners (Aged 18 years and above)

At least 2 Partners (Aged 18 years and above)

No Minimum Capital Requirement

DPIN for all the
Directors

At Least One Designated Partner Must Be an Indian Resident

Our consultant will discuss the issue over a 24X7 helpline .