NA
Nikhil Arora
CA Practice · Delhi
Google
Converted my 6-year proprietorship into an LLP. Taxpex drafted a proper deed with dispute-resolution and exit clauses. First institutional client onboarded within 3 weeks.
Verified Client
Certificate of Incorporation in 10–12 working days — CA + CS led, 100% online.
End-to-end LLP incorporation — FiLLiP filing, DSC, DPIN, custom LLP Agreement, PAN, TAN and bank account — reviewed by qualified Chartered Accountants and Company Secretaries.
All-inclusive · CA + CS reviewed · Custom LLP Agreement
If any of these describe your business, this service is either mandatory or strongly recommended.
CA, CS, law, architecture and consulting practices — limited liability without the heavier Pvt Ltd compliance load.
Marketing, design, video, PR and content agencies with 2–4 working partners who want a formal shared-profit structure.
IT services, boutique product firms and D2C ventures not planning to raise VC funding — get limited liability at a fraction of Pvt Ltd cost.
Two or more founders splitting capital, work and profits with clean documented terms and dispute-safe governance.
Convert older partnership firms into LLPs for perpetual succession, easier gifting to next generation, and clean liability separation.
The Chartered Accountants Act and Advocates Act allow professional practice under LLP structure — preferred for two-partner or larger practices.
FDI up to 100% allowed on automatic route in most sectors — NRIs and foreign nationals can hold LLP stakes with resident designated partner.
Keep these handy — most clients complete document sharing in under 10 minutes. Upload securely on WhatsApp or via our dashboard.
Every document is stored on encrypted servers, accessible only to your assigned CA.
A modern, fully digital workflow — no office visits, no paperwork chaos.
We check partner KYC, residency and run an MCA + IP India trademark search. Two unique names reserved via RUN-LLP.
Class-3 Digital Signature Certificates issued for designated partners; DPIN (Designated Partner Identification Number) allotted through FiLLiP.
Form FiLLiP with subscriber sheet, consent, address proof and registered office documents filed with MCA — CA + CS reviewed.
MCA issues Certificate of Incorporation with LLPIN. Custom LLP Agreement (Form 3) drafted and filed within the 30-day statutory window.
We help sellers, freelancers and D2C brands register GST for the marketplaces they invoice on.
Brand names shown are for illustration of businesses commonly served — no official partnership implied.
A premium experience usually reserved for big firms — at startup-friendly pricing.
From D2C founders in Bengaluru to consultants in Chennai — we deliver llp registration with CA supervision across 28 states and 8 UTs.
Every incorporation reviewed by a qualified Chartered Accountant and Company Secretary — zero MCA rejections, zero rework.
From name reservation to LLPIN and signed LLP Agreement in under 12 working days for clean cases, fully online.
PAN, TAN, GSTIN, current account opening kit and a Form 8 + Form 11 calendar — set up in a single flow.
Track DSC, name approval, FiLLiP SRN and LLPIN on a dedicated WhatsApp thread with a real CA.
Drafted from scratch — profit share, capital, decision rights, admission/retirement, exit and deadlock clauses — never a template.
Flat ₹5,999. Government + stamp duty at actuals — no hidden retainers, no surprise invoices.
No hidden charges. Stamp duty varies by state — shared upfront in writing.
A CA + CS-authored, plain-English guide to eligibility, structure, process, agreement, taxation and compliance.
An LLP is a body corporate registered under the Limited Liability Partnership Act, 2008. It combines the operational flexibility of a partnership with the limited liability and separate legal identity of a company. Partners are not personally liable for the LLP's debts beyond their agreed contribution, and the LLP continues to exist independently of any partner's exit, death or insolvency.
LLPs are governed by the LLP Agreement — a private contract between the partners that defines everything from capital contribution and profit-sharing ratios to voting rights, admission of new partners, retirement, exit and dispute resolution. Unlike a Pvt Ltd where the AoA is heavily prescribed, the LLP Agreement offers substantial flexibility.
An LLP needs a minimum of 2 partners and no upper limit. It must have at least 2 designated partners who are additionally responsible for statutory compliance — filing MCA forms, taxes and acting as authorised signatories. At least one designated partner must be a resident of India (stayed in India for 120+ days in the preceding financial year).
LLPs raise 'contribution' from partners — this is not equity. Contribution can be in cash, tangible assets, intellectual property or services rendered. There is no minimum contribution requirement; you can start an LLP with as little as ₹1,000 of total partner contribution.
Profits are shared between partners in the ratio specified in the LLP Agreement — not necessarily equal to the contribution ratio. A partner contributing 30% capital may still be entitled to 40% of profits if the deed says so, in exchange for other value (skill, network, brand).
Ordinary business decisions are taken by the designated partners as authorised in the LLP Agreement. Major decisions (change of business, contribution increase, admission/removal of partners, dissolution) require partner consent as per the deed — typically simple majority or unanimous consent for critical items.
PAN, Aadhaar (Indian partners) or passport (foreign partners), recent passport-size photograph, mobile number, email ID, and address proof (bank statement / utility bill not older than 2 months). Foreign partners additionally need apostilled or notarised address proof and passport.
Latest electricity/utility bill of the premises (not older than 2 months), rent agreement (if rented) or ownership document, and a No Objection Certificate from the owner permitting business use. Co-working spaces are accepted with valid membership agreement.
Class-3 Digital Signature Certificates are issued for the designated partners through eMudhra, Sify or nCode. Video KYC completes DSC issuance in 24 hours.
Two proposed names are submitted to MCA via RUN-LLP. MCA checks for uniqueness against existing companies, LLPs and trademarks. Approval typically takes 2–3 working days.
Form FiLLiP (integrated incorporation form) is filed with subscriber sheet, consent of designated partners, registered office proof and DPIN allotment request. DPIN is allotted through FiLLiP itself — no separate DIR-3 needed.
MCA issues the Certificate of Incorporation with the 7-digit LLPIN, along with PAN and TAN of the LLP. Typical timeline: 5–7 working days from FiLLiP submission for clean cases.
The LLP Agreement is drafted, stamped on state-specific stamp paper, notarised and filed with MCA in Form 3 within 30 days of incorporation. Late filing attracts ₹100 per day penalty with no cap.
The LLP Agreement is the single most important document in your LLP's life. It governs every rupee that flows in or out and every decision the LLP takes. A poorly drafted deed is the #1 cause of partnership disputes and the top reason LLPs fail to raise external debt.
An LLP is taxed at a flat 30% on its total income, plus a 12% surcharge if income exceeds ₹1 crore, and 4% cess on tax + surcharge. There is no dividend distribution tax — partners can withdraw profits after tax with no additional tax in their hands.
| Item | Treatment |
|---|---|
| Income tax rate | Flat 30% + surcharge (12% > ₹1 Cr) + 4% cess |
| Alternate Minimum Tax | 18.5% of adjusted total income (with cess & surcharge) |
| Partner remuneration | Deductible from LLP income up to Section 40(b) limits |
| Interest on capital | Deductible up to 12% p.a. as per Section 40(b) |
| Profit share to partner | Exempt in partner's hands under Section 10(2A) |
| Tax audit threshold | ₹1 crore turnover (business) / ₹50 lakh (profession) |
| Statutory audit | Turnover > ₹40 lakh or contribution > ₹25 lakh |
| Filing | Due date | Penalty for delay |
|---|---|---|
| Form 11 — Annual Return | 30th May every year | ₹100 per day, no cap |
| Form 8 — Statement of Accounts & Solvency | 30th October every year | ₹100 per day, no cap |
| ITR-5 — Income Tax Return | 31st July (or 31st October if audit) | ₹5,000 late fee + 1% interest |
| DIR-3 KYC — Designated Partners | 30th September every year | ₹5,000 per partner |
| GST returns (if applicable) | Monthly / Quarterly | ₹50/day per return + 18% interest |
| TDS returns (if applicable) | Quarterly | ₹200 per day |
| Parameter | LLP | Pvt Ltd | Partnership Firm |
|---|---|---|---|
| Limited liability | Yes | Yes | No |
| Separate legal identity | Yes | Yes | No |
| Minimum members | 2 partners | 2 shareholders + 2 directors | 2 partners |
| Foreign ownership | Yes (auto route) | Yes (auto route) | Restricted |
| Fund raising via equity | No | Yes (VC, ESOP, SAFE) | No |
| Compliance burden | Low (2 MCA forms/yr) | High (AOC-4, MGT-7, board meetings) | Lowest |
| Audit threshold | ₹40L / ₹25L contribution | Statutory every year | Above tax audit only |
| Ideal for | Professional firms, agencies | Funded startups, product companies | Family / small businesses |
An LLP can be converted into a Private Limited Company under Section 366 of the Companies Act, 2013 via Form URC-1 + SPICe+. A Partnership Firm or Pvt Ltd can also be converted into an LLP. Conversions preserve continuity of assets, liabilities, GST and PAN in most cases.
Search or filter by category. Still unsure? A senior CA replies on WhatsApp within minutes.
15-minute call · Zero obligation · Get your LLP structure, deed outline and exact price in writing before you pay a rupee.
Typically 3–7 working days post-document submission. Aadhaar e-KYC authenticated applications are usually faster (3–4 days).
via GST Registration & FilingIf your service turnover crosses ₹20 lakh (₹10 lakh in special category states) or you supply inter-state, yes. We help you assess and register.
via GST Registration & FilingWe do a structure-fit call — turnover, partners, liability and funding plans decide between Proprietorship, LLP, OPC and Pvt Ltd.
via Business RegistrationTypically 7–12 working days end-to-end including name approval, DSC, SPICe+ and PAN/TAN.
via Business RegistrationContent refreshed against the latest CBIC / CBDT / MCA notifications and portal changes.
Chartered Accountant · ICAI Member · 12+ years in Indian tax & compliance