Preliminary Requirements

• A minimum of two partners is required to start an LLP.
  
• At least one designated partner must be a resident of India.
  
• All designated partners must obtain a Digital Signature Certificate (DSC).
  
• A Designated Partner Identification Number (DPIN) is mandatory for designated partners.
  
• The proposed name of the LLP must be unique and not violate trademarks.
  

Name Reservation Process

• Application for name reservation is made through RUN-LLP (Reserve Unique Name–LLP) on the MCA portal.
  
• The name must include the words “LLP” or “Limited Liability Partnership”.
  
• A maximum of two name choices can be proposed in a single application.
  
• The Registrar reviews and approves the name if it complies with naming guidelines.
  
• Once approved, the name is reserved for 90 days.
  

Incorporation of LLP

• File the Form FiLLiP (Form for Incorporation of Limited Liability Partnership) with the MCA.
  
• Attach required documents such as partner details, address proof, and ID proof.
  
• Consent from designated partners must be submitted in the specified format.
  
• Proof of registered office address and utility bills are required.
  
• The Registrar issues a Certificate of Incorporation upon approval.
  

LLP Agreement Execution

• The LLP agreement defines the mutual rights, duties, and profit-sharing ratio among partners.
  
• It must be executed on non-judicial stamp paper as per state laws.
  
• The agreement must be filed online using Form 3 within 30 days of incorporation.
  
• Any future amendments to the agreement must also be filed with the RoC.
  
• The agreement is essential for determining the internal management structure.
  

Post-Incorporation Compliance

• Obtain PAN and TAN for the LLP from the Income Tax Department.
  
• Open a current bank account in the name of the LLP.
  
• Register for GST or other applicable licenses based on business nature.
  
• Maintain books of accounts and prepare for annual filings.
  
• Comply with all periodic legal and statutory obligations as per the LLP Act.