LLP
Combine partnership flexibility with limited liability through LLP registration.
A Limited Liability Partnership (LLP) under the LLP Act, 2008 offers partners limited liability protection while maintaining operational flexibility similar to a traditional partnership. LLPs are popular among professional services firms, small manufacturers, and food consultancies that want liability protection without the heavier compliance of a private limited company. Complianceer handles LLP name reservation, LLP Agreement drafting, FiLLiP filing on MCA portal, and post-registration PAN, GST, and licence coordination.
At a glance
- Timeline: 7–12 working days
- Government fee: ₹500–₹5,000 (based on contribution amount)
- Professional fee: Starting from ₹5,499
Who needs this
- Professional firms (food consultants, auditors, designers) with multiple partners
- Small manufacturers wanting liability protection without company compliance
- Joint ventures between two businesses seeking flexible governance
- Partnerships upgrading to limited liability structure
- Businesses not planning immediate equity fundraising
Benefits
- Partners' liability limited to agreed contribution, with no personal asset exposure
- No minimum capital contribution requirement
- Lower annual compliance compared to private limited companies
- Flexible internal management defined by LLP Agreement
- Body corporate can be a partner unlike traditional partnership
Eligibility
- Minimum 2 partners with at least 2 designated partners (one must be resident in India)
- No maximum limit on number of partners
- At least one designated partner must be resident Indian
- LLP name must end with "Limited Liability Partnership" or "LLP"
Documents
- PAN and Aadhaar of all designated partners
- Passport-size photographs of partners
- Digital Signature Certificate for designated partners
- Registered office address proof with owner NOC
- LLP Agreement (drafted post-incorporation, filed within 30 days)
- Consent to act as designated partner (Form 9)
FAQs
LLP vs Private Limited: which is better for a food business?
Choose Pvt Ltd if you plan to raise investment or list on marketplaces requiring company structure. LLP suits professional services and small manufacturing with lower compliance needs.
Is audit mandatory for LLP?
Audit is mandatory if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh in any financial year.
Can LLP issue shares to investors?
No. LLPs have partners, not shareholders. Equity investment requires converting to a company or structuring as partner capital contribution.