Limited Liability Partnership (LLP) Registration

Limited Liability Partnerships are governed by the Limited Liability Partnership Act, 2008 and the LLP Rules, 2009, administered by the Ministry of Corporate Affairs (MCA). An LLP is a body corporate with a separate legal identity (Section 3, LLP Act) and limited liability for all partners.\n\nRegistration process involves:\n- Obtaining Designated Partner Identification Number (DPIN) — equivalent to DIN for LLPs (Section 7, LLP Act)\n- Name reservation via RUN-LLP on MCA portal\n- Filing Form 2 (Incorporation Document and Subscriber's Statement) with the Registrar of Companies (ROC)\n- Filing Form 3 (LLP Agreement details) within 30 days of incorporation (Section 23, LLP Act)\n- Certificate of Incorporation issued by ROC → LLP is a body corporate from that date\n\nKey advantages over Pvt Ltd:\n- Partners' liability limited to capital contribution\n- No mandatory audit below ₹40 lakh turnover / ₹25 lakh capital contribution\n- Lower compliance burden (annual filing via Form 11 and Form 8)\n- No dividend distribution tax; profit taxed at 30% + surcharge in partners' hands\n\nAnnual compliance: Form 11 (annual return) by 30 May; Form 8 (statement of accounts) by 30 October.\n\nPenalty for non-compliance: Under Section 69–70 of the LLP Act, default in filing annual returns attracts ₹100/day (no maximum cap), which makes timely annual filing critical.