Limited Liability Partnership (LLP) Registration in India
Smart Business Structure. Safer Partnership.
A Limited Liability Partnership (LLP) is a progressive business format that blends the operational flexibility of a traditional partnership with the legal security of a private limited company. It offers limited liability to its partners while enabling simplified compliance—making it an ideal structure for start-ups, professionals, and growing businesses.
At Vetri Audit Services, we offer end-to-end LLP registration and advisory support with precision, transparency, and efficiency.
What is a Limited Liability Partnership (LLP)?
An LLP is a separate legal entity registered under the Limited Liability Partnership Act, 2008, in India. It enables two or more individuals to operate a lawful business while enjoying protection from personal liability.
Key Features of an LLP
| Feature | Description |
|---|---|
| Separate Legal Entity | The LLP exists independently of its partners. It can hold assets, enter into contracts, sue, and be sued in its own name. |
| Limited Liability | Liability of partners is limited to their agreed capital contribution. Personal assets remain secure. |
| Operational Flexibility | Partners manage the LLP directly with minimal formalities. |
| No Minimum Capital | No minimum investment needed to start an LLP. |
| Perpetual Succession | The LLP continues even if partners leave or change. |
| Lower Compliance Burden | Fewer statutory filings and regulatory requirements than a private limited company. |
Who Can Start an LLP?
- Minimum 2 partners (at least 1 must be a resident of India)
- No maximum limit on the number of partners
- Individuals, body corporates, or a combination of both can become partners
LLP Agreement - The Operating Manual
The LLP Agreement is a mandatory contract that outlines:
- Partner roles and responsibilities
- Profit-sharing and capital contribution
- Dispute resolution process
- Rights, duties, and exit procedures
This agreement must be filed with the Registrar of Companies (RoC) within 30 days of incorporation.
LLP vs Partnership vs Private Limited Company
| Feature | Traditional Partnership | LLP | Private Limited Company |
|---|---|---|---|
| Legal Status | Not a separate entity | Separate legal entity | Separate legal entity |
| Liability | Unlimited | Limited | Limited |
| Registration | Optional | Mandatory | Mandatory |
| Annual Filings | Not Required | Required with RoC | Required with RoC |
| Name Suffix | Flexible | Must end with “LLP” | Must end with “Pvt Ltd” |
Step-by-Step LLP Registration Process (India)
At Vetri Audit Services, we handle the complete LLP registration process online, ensuring a hassle-free experience.
Documents Required
For Partners:
- PAN Card (Indian nationals)
- Passport (foreign nationals)
- Aadhaar/Voter ID/Driving License
- Utility bill or bank statement (within 2 months)
- Passport-size photograph
For Registered Office:
- Rent Agreement (if applicable)
- Owner’s NOC
- Utility bill (electricity, water, gas)
Post-Registration Compliance
Once registered, a partnership firm may need to comply with various business laws:
| Compliance | Description |
|---|---|
| PAN & TAN | Apply immediately post incorporation |
| Bank Account | Open LLP’s current account |
| GST Registration | Mandatory if turnover exceeds threshold |
| Annual Filings | File Form 8 (Statement of Account) and Form 11 (Annual Return) with RoC |
Partnership Firm Registration Timeline
Through Vetri Audit Services, you can typically register your partnership firm within 15-25 working days, depending on government and bank processing times.
Compliance Checklist for Partnership Firms
| Compliance Type | Details |
|---|---|
| Income Tax Return (ITR-5) | Mandatory annual filing for business income |
| GST Returns | Monthly or quarterly filing if GST registration is obtained |
| TDS Return | Quarterly filing if firm deducts tax on salaries, rent, contractor payments, etc. |
| Registrar Updates | Must inform Registrar about changes in partners, business nature, or dissolution |
| Other Local Laws | State-wise labour laws, ESI, PF, etc., depending on the firm's operations |
Why Register Your Partnership with Vetri Audit Services?
- End-to-End Legal Assistance
- Professional Drafting of Partnership Deed
- Transparent Process with Real-Time Updates
- Experienced Chartered Accountants & Legal Experts
- Timely Filing of All Compliances
Get Started Today
If you’re planning to start a Partnership Firm in India, our expert team at Vetri Audit Services is ready to help. Whether you're registering your firm or need ongoing audit and tax support, we're your reliable partner in growth.
Contact us today for a consultation!
