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Dhanvika

Business Finance

Partnership Registration

LLP Registration — Limited Liability Partnership

The smartest structure for professional service firms and business partnerships. LLP gives you the flexibility of a partnership with the liability protection of a company.

Overview

Limited Liability Partnership combines the operational flexibility of a traditional partnership with the limited liability protection of a company. Each partner's liability is limited to their agreed contribution — personal assets are protected even if the business faces losses or debts.

LLP is ideal for professional services firms, consultants, architects, CA firms, and businesses with 2 or more founders who want a simple structure without the compliance burden of a Private Limited Company.

Governed by the LLP Act, 2008, registration takes 10–15 working days with Dhanvika managing every step.

Key Benefits of LLP

Partners have limited liability — not personally responsible for LLP debts
No minimum capital requirement
Fewer annual compliances vs Private Limited Company
No mandatory board meetings or complex corporate formalities
Partners can manage operations directly without a separate board
Flexible profit-sharing ratios defined in the LLP Agreement

Documents Required

Essential paperwork needed to register your LLP

Partner Documents

  • PAN Card
  • Aadhaar / Voter ID
  • Passport-size photograph
  • At least one Designated Partner must be an Indian resident

Office Proof

  • Electricity/water bill
  • Rent agreement or NOC from landlord

Steps to Incorporation

The journey of forming your LLP

1

Obtain DSC & DPIN for all designated partners

2

Name reservation via RUN-LLP on MCA portal

3

Prepare and file FiLLiP (Form for Incorporation of LLP)

4

Draft LLP Agreement and file Form 3 within 30 days

5

Receive Certificate of Incorporation with LLPIN

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