Overview
An LLP is popular with professional firms and closely held businesses that do not plan to raise equity. We manage your registration from name reservation and partner DSCs/DPINs through the FiLLiP form to the LLP Agreement and Certificate of Incorporation.
It carries fewer annual filings than a company, which keeps ongoing cost and effort low for the right kind of business.
What's included
- Name reservation
- Designated Partner DSC & DPIN
- FiLLiP incorporation filing
- LLP Agreement drafting & Form 3
- PAN & TAN
- Certificate of Incorporation
How we approach it
Frequently asked questions
How many partners are needed?
At least two designated partners, one of whom must be resident in India.
Is an LLP good for a startup raising VC funding?
Usually not — investors prefer a Private Limited; choose an LLP if you will not issue equity.
What annual filings does an LLP have?
Form 11 (annual return) and Form 8 (statement of account & solvency).
Can a foreign national be a designated partner in an Indian LLP?
Yes, provided at least one designated partner is a resident of India as required by law.
How is LLP profit distributed and taxed?
As per the LLP Agreement, and LLPs are taxed as a separate entity at applicable rates rather than passed through to partners.
Can an LLP later be converted to a Private Limited company?
Yes, this is a recognised conversion route, commonly used when an LLP decides to raise equity funding.
Talk to us about LLP Registration.
Rashmi K.S. & Associates · Practising Company Secretaries · Balewadi, Pune