A Limited Liability Partnership is registered with the Ministry of Corporate Affairs under the LLP Act, 2008. It needs at least two designated partners, and at least one of them must be resident in India.
The name is reserved through RUN-LLP, and incorporation is applied for in Form FiLLiP, which can also allot Designated Partner Identification Numbers. Designated partners need Digital Signature Certificates. After incorporation, the LLP agreement must be filed in Form 3 within 30 days.
Key points
- Separate legal entity with limited liability for partners
- No minimum capital requirement
- LLP agreement filed in Form 3 within 30 days of incorporation
- Annual filings: Form 11 by 30 May and Form 8 by 30 October
- Audit only if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh
General information only, not professional advice. Section references are to the Income-tax Act, 1961; corresponding provisions of the Income-tax Act, 2025 apply from 1 April 2026. Thresholds and dates may change by notification.
CA Rahul Rajendra MohiteACA, M.Com · ICAI Membership No. 622387 · Founder, Rahul R. Mohite & Co., PuneFirm profile and key facts