Entity Type and Incorporation

• The applicant must be a Limited Liability Partnership (LLP) incorporated under the LLP Act, 2008
  
• Other eligible entities include Private Limited Companies and Registered Partnerships
  
• The LLP must be registered in India as a legal business entity
  
• It must have a valid PAN and registration with the Ministry of Corporate Affairs (MCA)
  
• Sole proprietorships and unregistered firms are not eligible
  

Age of the Entity

• The LLP should be less than 10 years old from the date of its incorporation
  
• This period is calculated from the date mentioned in the Certificate of Incorporation
  
• Entities older than 10 years are not eligible for recognition
  
• The age criterion helps focus support on early-stage businesses
  

Turnover Limit

• The LLP’s annual turnover should not have exceeded ₹100 crore in any financial year since its incorporation
  
• Turnover includes gross receipts from all sources of business activities
  
• Audited financial statements or declarations are used to verify compliance
  
• LLPs exceeding this limit become ineligible for DPIIT benefits
  

Nature of Business

• The LLP must be working towards innovation, development, or improvement of a product, process, or service
  
• It may also be recognized for having a scalable business model with high potential for employment or wealth creation
  
• Routine businesses with no innovation are not eligible
  
• The startup must offer original ideas or significant value addition
  

Additional Conditions

• The LLP should not be formed by splitting up or reconstructing an existing business
  
• It must submit documents like a brief write-up on the business, innovation, and scalability
  
• DPIIT may reject applications if false information or duplication is detected
  
• After recognition, the LLP must comply with Startup India reporting and compliance requirements
  
• The entity must apply through the Startup India portal with the required declarations and supporting documents