LLP incorporated, and the Form 3 deadline actually met

An LLP gives you limited liability without a company's board and meeting formalities, which is why professionals and small partnerships prefer it. The step that trips people up comes after incorporation: the LLP agreement has to be filed in Form 3 within 30 days, and the daily penalty for missing it has no upper cap. We file the agreement inside the window and hand over a calendar for Form 8 and Form 11, which are due every year even for a dormant LLP.

Who this is for

Two or more partners wanting limited liability with lighter compliance than a private limited company — professional practices, consultancies, agencies and family businesses. Foreign nationals may also be partners, subject to FDI rules.

What's included

How the process works

1. 1

   Name options and partner documents are collected and screened.

2. 2

   DSCs are issued and the name reserved with the MCA.

3. 3

   FiLLiP is filed, and the certificate of incorporation issued with PAN and TAN.

4. 4

   The LLP agreement is drafted, stamped and filed in Form 3 within the 30-day window.

Benefits

• Partners' personal assets protected from business liabilities.
• No minimum capital, and far lighter annual compliance than a private limited company.
• A separate legal identity that can own property, borrow and contract in its own name.

Fees

Frequently asked questions

How long does LLP registration take?

Usually 10–15 working days: DSC in 1–2 days, name approval in 2–3 days, and FiLLiP processing in about a week.

What compliance does an LLP have every year?

Form 11 annual return by 30 May and Form 8 statement of accounts by 30 October, plus the income tax return. These are due even if the LLP has no business.

Is an audit required for an LLP?

Only if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh. Below that, accounts are filed without a statutory audit.