Biz Setup Global

Looking for Limited Liability Partnership Registration for Your Business?

While we call you, get some insights into what you are getting into.

At BizSetupGlobal, we provide comprehensive accounting and compliance services designed to empower Limited Liability Partnership firms like yours to thrive and succeed. 

Decoding Limited Liability Partnership

The 2008 Limited Liability Partnership Act introduced LLP in India. LLPs were created to provide a simple business entity with limited liability for owners. Over 1.2 lakh Indians have registered LLPs since 2008.

LLPs are among India’s easiest to form and manage. Professionals, micro, and small family-owned or closely-held businesses prefer LLPs due to their easy incorporation and compliance requirements. 

LLPs cannot issue equity shares, so businesses seeking equity funding from Angel Investors, Venture Capitalists, or Private Equity Funds should not use them.

The Ministry of Corporate Affairs, Central Government, registers LLPs in India. The State Government controls the Registrar of Firms, which registers partnership firms.

Important Features of LLP - Know the Facts

Limited Liability Protection

LLPs are better than traditional partnerships because one partner is not liable for another's misconduct or negligence. LLP owners have limited liability for the LLP's debts. Unlike private limited company shareholders, LLP partners can directly manage the business.


Process requires minimum fees, as well as very little paperwork, but the process varies depending on the country, state or province of residence.

Number of Partners

LLPs and Partnership Firms need two partners to register. LLPs can have unlimited partners after incorporation. If a partnership firm loses a partner due to death, incapacitation, or resignation, it dissolves. If the number of Partners drops below 2, the sole Partner can find a new Partner without dissolving the LLP.

Non-Resident Indian (NRI) & Foreign Ownership of LLP

Post changes to FDI regulations on 10th November 2015, 100% FDI in LLP is permitted under the automatic route. Therefore, FDI in LLP is now permitted, and NRIs or Foreign Nationals can start or invest in an LLP.

Benefits of LLP

Seperate Legal Entity

LLP is a separate legal entity from partners. Each partner can sue the other in case a situation arises.


It has an uninterrupted existence that follows perpetual succession, i.e., the partners might leave, but the business remains. A term of dissolution has to be mutually agreed on for the firm to dissolve.

Flexible Agreement

Transferring ownership of LLP is also simple. A person can quickly be inducted in as a designated partner and ownership switches to them.

Suitable For Small Business

LLPs having capital less than 25 lakhs and turnover below 40 lakhs per year do not require any audits. It makes registering as LLP beneficial for small businesses and startups.

Acquire Property

An LLP can own or acquire property because it is recognised as a juristic person. Partners of LLP cannot claim the property as theirs.

No Owner / Manager Distinction

Partners own and run LLPs. Partners and LLP are separate legal entities. If necessary, each partner can sue.

Basic Registration Process of LLP

Step 1:

Obtaining DSC And DIN

Step 2:

Application For Name Approval

Step 3:

LLP Incorporation Certificate

Step 4:

LLP Agreement to be obtained within 30 Days of incorporation

Step 5:

Apply for Your PAN, TAN, & Bank Account

Online Registration Process

Step 1

Select the package that suits you.

a. list of services purchased
b. documents to be submitted or next action.

Step 2

Once documentation is complete, you will be informed about the next steps through email and sms, and you can also check the current status of your request in your personalised dashboard.

Step 3

Make a payment, and you will receive your personalised dashboard login and password.

Step 4

During the process, if you have any queries, you can raise the query through the Helpdesk system in your dashboard, and we will be happy to help we can have a call also if required.

Step 5

At each step, our team will share all the required information needed by you and ensure that you have a smooth experience with us.

Step 6

Once you submit the required documents, our Compliance Manager will review the documents and contact you in case of any discrepancies.

Key Registration Services: Tailored to Your Needs

Each LLP differs in terms of the functions, and mode of operations below registrations will be applicable on a need basis.

Important Features of LLP - Know the Facts

MSME Registration

MSME or Udyog Aadhaar registration to be obtained in the name of the business to establish that Partnership is registered with the Ministry of Micro, Small and Medium Enterprises.

Import Export Code

Import Export Code or IE code is obtained from the DGFT in case LLP business do export /import of from India.

TAN Registration

TAN registration must be obtained for LLP from the income tax department if the partnership firm is required to deduct any TDS while making any payments as per Income Tax Act 1961.

FSSAI Registration

In case LLP is involved in the selling of food products or handling of food products, FSSAI registration must be obtained from the Food Safety and Standard Authority of India in the name of LLP.

Current Account

A current account can be opened for LLP any banks in India.

Shop & Establishment

License Registration of Shop & Establishment license if needed as per the criteria.

GST Registration

GST registration must be obtained if LLP sells goods or services that cross the GST turnover threshold limit for registration. In most states, GST registration is required for service providers having annual revenue of more than ₹20 lakhs and, in the case of traders - annual revenue of more than ₹40 lakhs.


We will apply PAN for the newly constituted LLP.

Applicable Taxes and Annual Compliance

GST Return Filing

Income Tax Return Filing

TDS Return Filing

Tax audit as required by Income tax act,1961

Preparation of Financial Statements

LLP has to make self-assessment tax on the basis of profit

MCA Annual return- LLP Form 8 & 11

DIN KYC of Designated Partners

Entire process will take 7 to 10 days (Approx)

Documents To Be Uploaded

For Partners

  1. PAN Card or passport
  2. Aadhar Card/Voter’s ID/Passport/ Driving License
  3. Latest Bank Statement/Telephone Bills/Mobile Bill/Electricity Bill/Gas Bill
  4. Passport Size Photograph

For the Registered Office

  1. Utility bills
  2. Notarised rental agreement in English
  3. No-objection certificate from the property owner
  4. Sale deed/property deed in English (in case of owned property).
Note: One partner must self-attest the first three documents. In the case of foreign nationals or NRIs, all the documents must be notarised (if currently in India or a non-commonwealth country) or apostilled (if from a commonwealth country).

Indian Business Structure Requirments Comparison

Criteria Private Limited Company One Person Company Sole Proprietorship Limited Liability  Partnership Partnership Firm
Ideal for Business Startup & Growing Companies Single Promoter Small Traders & Manufacturers Professionals Service Firms Small businesses & Home Businesses
Requirements 2 Directors/Shareholders 1 Director/Shareholder 1 Proprietor 2 Partners 2 Partners
Initial Investment Not Required Not Required Not Required Not Required Not Required
Tax Advantages Few benefits Few benefits Minimal Most efficient Minimal
Compliances High High Minimal Low Minimal
Limited Liability Protection Yes Yes No Yes No
Investment Options Very easy to accommodate Possible but unlikely Not possible Possible but unlikely Not possible
Managing Cost High High Very Low Moderate high Very Low
Paper Work High High Very Less Moderate high Less
Perpetual Existance Yes Yes No Yes No
Time Taken 5-10 days 5-10 days 5-7 days 5-10 days 5-10 days

Pay as You Grow

Pay as You Grow: Flexible Payment Options

We offer flexible packages to cater to your specific requirements:

Condition: Fees will be subject to change based on turnover and Income tax requirements

Frequently Asked Questions

Your Queries, Our Answers

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