Zero Corporates provides complete LLP registration services in The Nilgiris, Tamil Nadu. From document preparation and name approval to filing incorporation forms and drafting LLP Agreements, we handle the entire registration process efficiently and at an affordable cost.

In India, LLP (Limited Liability Partnership) registration can be completed online through Zero Corporates. LLPs are becoming a popular choice among entrepreneurs and professionals due to their flexibility, limited liability, and minimal compliance requirements. An LLP can be registered online in less than 10 days at an affordable price starting at just ₹9,999.

What is an LLP?

A Limited Liability Partnership (LLP) is a hybrid legal entity that combines the benefits of a company and a partnership firm. LLPs are governed by the Limited Liability Partnership Act, 2008 and require a minimum of 2 Designated Partners. At least one of the Designated Partners must be a resident of India.

Documents Required for LLP Registration

The proposed Designated Partners must submit the following documents for LLP registration:

Indian Nationals: PAN Card, Aadhaar Card

Foreign Nationals: Passport, and proof of residence apostilled

Additional address proof (any one):

Indian Nationals: Passport / Driving License / Voter ID / Bank Statement

Foreign Nationals: Bank Statement / Driving License / Residence Card

Address proof for registered office (any one, recent within 2 months):

Electricity Bill / Rent Agreement with NOC / Property Tax Receipt / Sale Deed

LLP Registration Process

The following steps are involved in LLP registration in India:

Step 1: Obtain DSC

Digital Signature Certificates (DSCs) are required for the Designated Partners to file forms online with the Ministry of Corporate Affairs. DSC will be issued after identity and address verification.

Step 2: Apply for DPIN

Designated Partner Identification Number (DPIN) must be obtained for all proposed Designated Partners by filing the DIR-3 form.

Step 3: Reserve LLP Name

The RUN-LLP form must be filed to reserve a unique name for the LLP. The name must be unique and not similar to any existing company or LLP name.

Step 4: File Incorporation Form

Form FiLLiP (Form for incorporation of LLP) must be filed with the MCA along with the necessary documents. The form includes details of partners, registered office, and capital contribution.

Step 5: LLP Agreement Filing

Within 30 days of incorporation, an LLP Agreement must be filed using Form 3. The agreement defines the rights and duties of the partners.

Compliances for LLP

Post-registration, the LLP must maintain certain annual compliances:

Annual Return: Form 11 must be filed every year by May 30.

Statement of Accounts and Solvency: Form 8 must be filed by October 30 each year.

Income Tax Return: ITR must be filed annually using Form ITR-5.

Bank Account for LLP

After LLP registration, a bank account must be opened in the LLP's name. Required documents include:

Certificate of Incorporation

LLP Agreement

Partners' KYC

Address proof of the LLP

Benefits of LLP Registration

Limited Liability

Partners are liable only to the extent of their capital contribution. Their personal assets are protected.

Separate Legal Entity

An LLP has a distinct legal identity from its partners, allowing it to own property and enter into contracts in its own name.

No Audit Requirement Below Threshold

LLPs with annual turnover below Rs. 40 lakhs and capital below Rs. 25 lakhs are exempted from mandatory audit.

Low Compliance Cost

LLPs are not required to hold board meetings, AGMs, or maintain detailed registers, which reduces compliance cost.

Flexible Structure

LLPs allow partners to organize internal structure freely and distribute responsibilities without legal complexities.

LLP Registration FAQ's

1. What is DPIN?

Designated Partner Identification Number (DPIN) is a unique ID allotted by MCA to all LLP partners.

2. Is it mandatory to have an LLP Agreement?

Yes. LLP Agreement defines roles and responsibilities of the partners and must be filed within 30 days.

3. What are the compliance requirements?

LLPs must file Form 11, Form 8 and Income Tax Returns annually. Audit is only required if thresholds are crossed.

4. Can NRIs or Foreign Nationals form an LLP in India?

Yes, subject to FDI regulations. At least one Indian resident must be a Designated Partner.

5. Is LLP better than Private Limited Company?

For professionals or small businesses with low funding needs and fewer compliances, LLP is a better option.

6. What is the validity of LLP registration?

Once registered, LLP exists perpetually until it is formally dissolved by the partners.

7. Can I convert my existing partnership firm into an LLP?

Yes, under the LLP Act, a traditional partnership firm can be converted into an LLP by following a defined procedure.