What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Separate legal entity distinct from its partners.
- Limited liability of partners subject to applicable law.
- Flexible internal management through an LLP Agreement.
- Suitable structure for professional and service-oriented businesses.
- Perpetual succession independent of changes in partners.
- Assistance with MCA incorporation and documentation.
- Guidance on LLP Agreement and ongoing statutory compliance.
How the engagement works
LLP registration is governed primarily by the Limited Liability Partnership Act, 2008, the LLP Rules, 2009, and applicable MCA procedures and forms. An LLP is a separate legal entity and requires at least two partners and at least two designated partners, with at least one designated partner being resident in India, subject to the applicable statutory requirements. Incorporation involves name reservation, filing the prescribed incorporation documents with the Registrar, and completing the applicable LLP Agreement and post-incorporation filings.
Scenario 1: Two or more professionals want to establish a formal business structure while retaining flexibility in internal management.
Scenario 2: A consulting, technology, legal, accounting, design, or other professional service business wants a limited-liability partnership structure.
Scenario 3: Partners want a separate legal entity without adopting the full corporate structure of a Private Limited Company.
Scenario 4: An existing partnership business wants to evaluate conversion or restructuring into an LLP structure.
Scenario 5: Entrepreneurs want professional assistance with LLP incorporation, partner documentation, LLP Agreement drafting, and MCA filings.
Business Structure & Eligibility Review
We understand the proposed business, partners, designated partners, contribution, profit-sharing arrangement, registered office, and business activities and assess the applicable LLP incorporation requirements.
Name Selection & Reservation
We assist with selecting a suitable LLP name and completing the applicable name reservation process through the MCA.
DSC & Designated Partner Support
We assist with Digital Signature Certificates and designated partner identification requirements necessary for the LLP incorporation process.
Incorporation Documentation
We prepare and coordinate the incorporation documents, partner and designated partner details, registered office documents, declarations, consents, and other required records.
MCA Incorporation Filing
We prepare and submit the applicable LLP incorporation forms and supporting documents through the MCA portal and assist with clarification or resubmission requirements where applicable.
LLP Agreement & Post-Registration Compliance
We assist with preparation and filing of the LLP Agreement and provide guidance on statutory registers, annual filings, accounts, tax registrations, and other ongoing compliance requirements.
Step-by-step process
Step 1: Consultation & LLP Structure
We understand the proposed business, partners, designated partners, contribution, profit-sharing arrangement, registered office, and business objectives.
Step 2: Name & Document Collection
We assist with LLP name selection and collect partner KYC, registered office proof, contribution details, declarations, and other documents required for incorporation.
Step 3: Incorporation Documentation
We prepare the applicable incorporation forms, partner details, declarations, consent documents, and other records required for MCA filing.
Step 4: MCA Filing & Incorporation
We submit the LLP incorporation application through the MCA portal and assist with clarification or resubmission requirements until the LLP is incorporated.
Step 5: LLP Agreement & Compliance Setup
After incorporation, we assist with the LLP Agreement, applicable filing, statutory records, bank account setup, annual filings, accounts, and ongoing compliance requirements.
Key deliverables & outputs
General questions
01What is an LLP?
A Limited Liability Partnership is a separate legal entity that combines limited liability protection with the flexibility of a partnership-based internal structure.
02How many partners are required to register an LLP?
An LLP generally requires at least two partners and at least two designated partners, subject to the applicable provisions of the LLP Act and Rules.
03Is a resident Indian designated partner required?
Yes. The LLP framework generally requires at least one designated partner to be resident in India, subject to the applicable statutory definition and requirements.
04What documents are required for LLP registration?
Common documents include PAN and identity proof, address proof, photographs, registered office proof, utility bills, partner and designated partner details, consent documents, declarations, and other documents prescribed by the MCA.
05What is an LLP Agreement?
An LLP Agreement sets out the mutual rights and duties of the partners and the LLP, including matters such as contribution, profit sharing, management, responsibilities, admission or retirement of partners, and other agreed terms.
06What are the benefits of an LLP compared with a partnership firm?
An LLP provides a separate legal identity and limited liability subject to applicable law while retaining flexibility in its internal management and partner arrangements.
07Does an LLP have annual compliance requirements?
Yes. LLPs are required to maintain applicable accounts and records and file prescribed annual statements, returns, tax filings, and other statutory compliances depending on their circumstances.