LLP Registration Process in India

Published On: Feb 8, 2022Last Updated: Sep 4, 20235 min read

As an entrepreneur, one of the first decisions you take is choosing the appropriate business model. If you decide to move ahead with LLP registration in India, then this is where wwe help you with understanding the LLP registration process in a simple manner. A Limited Liability Partnership is a hybrid business model having benefits of both, a pvt company and a partnership firm. Which means that post LLP incorporation process, they have a good balance of benefits from both the structures.  Let’s dive into the LLP registration process.

LLP Incorporation Process

As stated above, the Limited Liability Partnerships are a hybrid business model. Hence, before you can understand its incorporation process, you will have to understand its key characteristics. Listed below are the key characteristics of LLPs: 

  • The concept of LLP was first introduced in India under the LLP Act 2008;
  • Post LLP incorporation procedures, the designated partners get operational flexibility while enjoying separate legal existence from the LLP;
  • Liability of partners is limited to the extent of their contribution;
  • For LLP registration process, minimum 2 partners are mandatory, out of which at least one partner must be an Indian citizen who has stayed in India for at least 182 days immediately preceding one year; and
  • The LLP agreement must carry the rights and responsibilities of the designated partners along with the provision specified in the agreement.

These are some of the main reasons why LLP registration has become one of the most preferred forms of business structure in India. The LLP registration process takes about 15-18 working days. We’ve made it easy to understand and follow. You will need the help of a practising professional to get through the LLP incorporation procedure quickly and smoothly. That’s where LegalWiz.in steps in! Right at the beginning!

Step 1: Procurement of Digital Signature Certificate (DSC)

LLP registration process in India takes place online, and hence, the procurement of a DSC for all the designated partners is mandatory. You will need to verify the forms and documents required for LLP registration through your DSC. Hence, to apply for a DSC, all the designated partners of the LLP will have to provide their PAN, Aadhaar, address proof and passport sized photographs. 

Step 2: Acquiring Director Identification Number (DIN)

As a part of the procedure for registration of LLP, acquiring a DIN is mandatory for all the designated partners of the LLP. You can apply for a DIN through the DIR – 3 form. The ROC (Registrar of Companies) of different states are responsible for DIN allotment for furtherance of the LLP registration process. You need to submit self attested copies of Aadhaar and PAN cards, along with the DSCs for the DIN application.

Step 3: Name Approval of LLP

In this stage of the LLP incorporation process, you have to be very careful in selecting the LLP company name. You need to submit the RUN-LLP form on MCA in the prescribed format. At LegalWiz.in, during the LLP registration process, we check LLP company name before proceeding within submission of RUN – LLP. This increases your chances of getting LLP name approval during the incorporation procedure. 

Step 4: LLP Incorporation

A vital step in LLP registration process is the submission of FiLLiP (Form for Incorporation of Limited Liability Partnership). While submitting this form, if the LLP designated partners do not have a DIN, they can apply for it here. Once the MCA approves the FiLLiP, they issue an LLP certificate. This certificate acts as your legal proof of being able to commence business activities in India. Since this forms a part of the final steps for LLP registration process, the LLPIN is also a part of the certificate itself. 

Step 5: Applying for PAN and TAN

PAN (Permanent Account Number) and TAN (Tax Account Number) are very important to legally carry out business operations. Besides, you need it to file the compliance levied by the Government of India. A practising professional needs to submit the forms 49A and 49B to get PAN and TAN for the LLP as a part of its registration process. 

Step 6: LLP Agreement

The LLP Agreement is an important document that carries the roles and responsibilities of the designated partners in the company. For this, you need to submit Form 3 on the MCA portal. It is mandatory to file it within 30 days of completion of  LLP registration process. Failure to do so leads to additional fee and charges. Once you get the agreement, you need to print it on stamp paper with appropriate stamp duty. You can check state-wise stamp duty rates for LLP here.

Conclusion

That’s the entire procedure for incorporation of LLP in India. At LegalWiz.in, you can complete the registration process from the comfort of your home. Ready to kick-start your business? Drop your details in the inquiry form and let our experts take it forward.

Need professional help for LLP Registration?

Frequently Asked Questions

DSC or Digital Signature Certificate is what the name says it is- a signature in digital form under the Information technology Act, 2000. It is used on electronic documents to ensure the security and authenticity of the documents that are filed electronically during the LLP incorporation process.

DIN or Director Identification Number is allotted by the central government to all the designated partners of the limited liability partnership (LLP). It is an 8 digit unique identification number that comes with lifetime validity. However, for activation purpose, it needs to be updated every year.

DIN and DPIN are largely interchangeable. However, DIN is allotted to directors of Private Limited Companies (PLC) and One Person Companies (OPC). DIN for designated partners, also known as DPIN (Designated Partner Identification Number) is allotted to partners of Limited Liability Partnership.

The PAN and TAN help in creating a separate legal entity for the company in the eyes of law, setting clear distinctions between the company and its designated partners.

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Ruchika Agarwal
About the Author

Ruchika Agarwal

Ruchika Agarwal is a professional content writer at LegalWiz.in. She is inquisitive and firmly believes in spreading information to educate readers and bring a positive change in society.

14 Comments

  1. Nitish Pareek 05/12/2018 at 6:35 pm - Reply

    How much time can it take once steps 1 & 2 are completed, provided all the documents are duly complete?

    • CS Prachi Prajapati 05/12/2018 at 7:12 pm - Reply

      Hi Nitish Pareek,

      it typically takes 10-12 working days after the LLP name is approved. However, the approvals are subject to government processing time.

  2. Umesh Maheshwari 16/06/2020 at 1:41 pm - Reply

    Its wonderful information thank you for sharing great post. It is a very unique information.

    • Animesh Ghosh 13/12/2022 at 4:16 am - Reply

      Hey there….after incorpoarte a LLP, Which form to file yearly. Like after a pvt ltd we need to file adt-1, inc 20a etc and also annual complaince and director kyc before sep 30. Is there any complaince required for llp after the drafting of partnership deed

      • Monjima Ghosh 28/12/2022 at 9:51 am - Reply

        Hi Animesh, for annual compliance of LLPs, you have to file forms 11 an 8 for LLPs. Hope this helps!

  3. Kajal Badami 12/11/2020 at 11:53 am - Reply

    Great post my dear, Thanks for sharing this information. I’m very happy to read this information and its content is very unique about (LLP Registration Process in India – 5 Steps Simplified Guide). So really thanks again. Please keep it up your great work.

  4. rahuljain 23/03/2022 at 1:30 pm - Reply

    The blog was informative regarding llp company registration

  5. Tanaji 07/06/2022 at 7:33 am - Reply

    I want register LLP
    It is intimated LLP online registration portal not workin
    Can you help to register

  6. Animesh Bose 20/08/2022 at 1:44 pm - Reply

    We have a 4 member team how much it will cost

    7679277780

    • Miheel Parmar 05/09/2022 at 11:00 am - Reply

      Hello, our team has contacted you to assist you with your query. You can always contact us at support@legalwiz.in for further assistance. Or give us a call at 1800 313 4151 / 8980685509. We’re here to help!

  7. sameer patel 05/04/2023 at 2:43 am - Reply

    Hi,
    we are 2 partners, planning to form a LLP firm.
    can u pls help us for the same to have a faster process.

  8. sameer patel 05/04/2023 at 2:44 am - Reply

    my contact no. is 9820287587

    • Diksha Shastri 05/04/2023 at 12:15 pm - Reply

      Hello Sameer,
      We have escalated your query to the concerned department. You will receive a call shortly on what can be done next. Meanwhile, feel free to reach out to us at support@legalwiz.in

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