What is an LLP and how is it different from a partnership firm?
An LLP is a separate legal entity with limited liability for its partners. A traditional partnership generally does not provide the same entity-level separation and liability protection.
How many partners are required to register an LLP?
At least two partners and two designated partners are required. At least one designated partner must be resident in India under the applicable rules.
Is there any minimum capital requirement for an LLP?
The LLP law does not prescribe a fixed minimum capital. Partners decide and disclose their agreed contribution.
Which documents are normally required for LLP registration?
Common starting documents include partner identity/address proofs, office-address proof, owner NOC where applicable, proposed names and the business-activity details. The MCA form may require case-specific attachments.
Does an LLP have annual compliance after registration?
Yes. Formation is only the first step. LLPs generally have annual return and statement-of-account/solvency obligations, plus applicable tax filings.
How long does LLP registration take?
Timing depends on name approval, document quality and MCA review. A practical estimate is often 7–15 working days when the file is complete, but it is not guaranteed.
How is an LLP registered online?
The usual path is digital signatures, name reservation where needed, filing FiLLiP on the MCA portal, receiving the incorporation certificate and filing the LLP agreement in Form 3 within the prescribed period.
How much does LLP registration cost?
The total varies with contribution, state stamp duty, number of partners, government filing fees and professional support. TAARA separates its service fee from government and outside charges.
Refund and cancellation
Refunds are usually easier before filing work begins. Government fees, once already spent, are typically treated separately.