LLP
Registration
Combine the flexibility of a partnership with the limited liability of a company. Ideal for professionals and small businesses.
What is an LLP?
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the features of a traditional partnership firm and a private limited company. It provides the benefit of limited liability to its partners while allowing them to manage the business directly.
Why Choose Credorra?
LLP registration involves drafting a precise LLP Agreement and filing forms with the MCA. Our experts ensure your agreement covers all legal aspects to protect partners' interests.
Benefits of LLP
Limited Liability
Partners are not personally liable for the debts of the LLP. Personal assets are safe.
No Minimum Capital
You can start an LLP with any amount of capital. No mandatory minimum requirement.
Lower Compliance
Fewer compliance requirements compared to Private Limited Companies (No Audit if turnover < ₹40L).
Documents Required
Keep these documents ready for all proposed Designated Partners.
Start Registration- PAN Card of all Partners
- Aadhar Card of all Partners
- Passport Size Photos of all Partners
- Proof of Address (Bank Statement/Electricity Bill - Not older than 2 months)
- Registered Office Proof (Rent Agreement + NOC from Owner + Electricity Bill)
- Digital Signature Certificate (DSC) for Designated Partners
Simple 5-Step Process
DSC Application
We apply for Digital Signatures for designated partners.
Name Approval
We file RUN-LLP form to reserve your unique LLP name.
FiLLiP Filing
Submitting incorporation forms (FiLLiP) to MCA.
LLP Agreement
Drafting and filing LLP Agreement (Form 3) within 30 days.
COI Issued
You receive Certificate of Incorporation, PAN & TAN.
Annual Compliances
LLPs have simpler compliance norms compared to companies, but timely filing is crucial to avoid heavy penalties.
- Form 11: Annual Return filed by 30th May every year.
- Form 8: Statement of Account & Solvency filed by 30th October every year.
- Income Tax Return: Filed annually by 31st July.
- Statutory Audit: Mandatory only if turnover exceeds ₹40 Lakhs or contribution exceeds ₹25 Lakhs.
Why Compliance Matters?
Late filing of Form 8 or 11 attracts a penalty of ₹100 per day per form. Regular compliance ensures your LLP remains in good standing with the ROC.
Credorra offers annual compliance packages to keep your LLP hassle-free.
Common Questions
Minimum 2 Designated Partners are required to register an LLP. There is no maximum limit on the number of partners.
No, audit is mandatory only if the annual turnover exceeds ₹40 Lakhs or the capital contribution exceeds ₹25 Lakhs. Otherwise, it is optional.
Yes, NRIs and Foreign Nationals can be partners in an Indian LLP, subject to FEMA guidelines and prior approval if required.
Yes, an LLP can be converted into a Private Limited Company by following the procedure laid down in the Companies Act, 2013.
Start Your LLP Today.
Don't let legal formalities delay your business. Let Credorra handle your LLP registration with precision.
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