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What are the steps involved in LLP registration?

Partner Identification

  • Ensure a minimum of two partners, with at least one being a resident of India.a
  • Each partner must obtain a Designated Partner Identification Number (DPIN)
  • A valid Digital Signature Certificate (DSC) is required for filing.g
  • Partners must be competent under Indian law to enter into a contract.
  • Identity and address proofs of all partners must be collected and verified.d

Name Approval

  • Select a unique name for the LLP that complies with the naming guidelines issued by the MCA.
  • Apply for name reservation through the RUN-LLP (Reserve Unique Name) service on the MCA portal.
  • Ensure the name includes the suffix “LLP” or “Limited Liability Partnership”
  • Avoid names that are identical or too similar to existing entities.
  • Once approved, the name is reserved for 90 days.

Incorporation Filing

  • File the FiLLiP form (Form for Incorporation of Limited Liability Partnership) on the MCA portal.l
  • Include details of designated partners, registered office, and partner consent.s
  • Attach identity documents, DSC, and proof of address.
  • Submit incorporation fees as per the LLP contribution amount.t
  • Upon approval, a Certificate of Incorporation is issued by the Registrar.

LLP Agreement

  • Draft the LLP Agreement outlining the rights, duties, and responsibilities of partners.
  • The agreement must be executed on non-judicial stamp paper as per applicable state law.
  • File Form 3 on the MCA portal within 30 days of incorporation
  • Include clauses related to profit sharing, partner roles, and dispute resolution.n
  • Ensure the agreement is signed by all partners.

Post-Registration Formalities

  • Apply for the LLP’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN)
  • Open a bank account in the name of the LLP
  • Register for Goods and Services Tax (GST) or other licenses if applicable.
  • Maintain proper books of accounts and statutory records.
  • Begin business operations in compliance with all regulatory norms.

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