Online Limited Liability Partnership Registration In India

A popular and flexible form of business that combines the advantages of a corporation and a partnership while minimizing some of their problems is the limited liability partnership (LLP).Because it offers limited liability protection to its individuals, it is an attractive option for entrepreneurs and professionals those who are looking to start a company in India.

The ease of registration is one of the main advantages of LLPs. The entire process is being eased by the Indian government in recent years, providing Limited Liability Partnership registration online. As a result, online limited liability partnership registration in india is now easier for both individuals and corporations to do. A wide range of entrepreneurs and professionals can simply register an LLP online now because of new process modifications. It provides benefits such as reduced liability, flexibility, and effective management of the organization.

Important Documents Required For LLP Registration

A business structure called a limited liability partnership (LLP) combines elements of partnership and corporation. In an LLP, owners' (partners') personal liability for the debts and obligations of the company is prohibited. It means that business-related losses or lawsuits typically have minimal effect on their personal assets. Professionals like accountants and lawyers often prefer LLPs as they offer liability protection while permitting flexibility in management and taxation. Following mention documents are Important Documents For Online Limited Liability Partnership Registration in India

  • Identity Proof - PAN card & Passport (for Foreign Partners)
  • Address Proof - Aadhaar card,Voter ID,Driving license,Electricity bill
  • Registered Office Address Proof - Rental Agreement
  • Digital Signature Certificate - DSC for all partners

Mandatory Annual Compliance Of LLP

Every LLP registered with the Ministry of Corporate Affairs is obligated to submit Annual Returns and Statement of Accounts for each Financial Year. Filing a return is mandatory for LLPs, regardless of whether business activities were conducted. LLPs are required to comply with three essential requirements they are -

  • Filing of Annual Return
  • Filing of Statement of the Accounts or Financial Statements
  • Filing of Income Tax Returns

Filing LLP Annual Return

The Annual Return, also known as Form 11, provides a summary of an LLP's partners and indicates any changes in management. Every LLP must submit the Annual Return in Form 11 to the Registrar within 60 days from the close of the financial year, specifically by May 30th each year.

Filing Of Statement Of The Accounts Or Financial Statements

LLP Form 8

Submit Form 8 within 30 days from the close of 6 months of the financial year, including a prescribed fee. This submission necessitates digital signatures from two designated partners and certification by a chartered accountant, company secretary, or cost accountant. Form 8 includes the Statement of Solvency, Statement of Accounts, and Statement of Income & Expenditure.

LLP Form 11

Form 11 contains details of the number of partners, total number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners. All LLPs should file this form within 60 days from the closure of the financial year with the prescribed fee.

Filing of Income Tax Returns

LLPs must file their income tax return using Form ITR 5, which can be electronically submitted on the income tax website using the digital signature of the designated partner. The deadline for LLP tax filing in India is July 31st if a tax audit is not required. LLPs with a turnover exceeding Rs. 40 Lakh or contributions surpassing Rs. 25 Lakh must undergo an audit conducted by a practicing Chartered Accountant.

Important LLP Due Dates

FormDue DateAuthority
Form – 11 (Annual Return)30th MayMinistry of Corporate Affairs
Form – 8 (Statement of Accounts)30th OctoberMinistry of Corporate Affairs
Income Tax Return (ITR-5 Form)31st July – If tax audit not required.

30th September If tax audit required
Income Tax Department

Audit For LLP

For an LLP, a follow-up audit done by a certified chartered accountant would be required.

Tax Audit

LLPs with a turnover exceeding INR 1 Cr. for business or INR 50 Lakh for a profession are required to undergo a tax audit of their books of accounts as per section 44AB of the Income-tax Act. This audit must be completed and filed by September 30th.


note that auditing of accounts is required only for LLPs with an annual turnover exceeding Rs. 40 lakhs or contributions surpassing Rs. 25 lakhs.

Certificate From Company Secretary

For LLPs with a turnover exceeding five crore rupees in a financial year or contributions surpassing fifty lakh rupees, the annual return submitted under Form 11 requires certification by a practicing Company Secretary.

Penalty For Late Filing

For delayed filing of LLP Form 8 and 11, a penalty of Rs. 100 per day per form is imposed from the due date until the actual filing. Late income tax return filing incurs a Rs. 5000 penalty for returns submitted between August 1st and December 31st of the assessment year, increasing to Rs. 10,000 for returns filed after December 31st of the same assessment year. Ensure timely compliance to avoid these penalties.

FAQS On Online Limited Liability Partnership

  1. What specific requirements must be fulfilled for forming an Online LLP?

    For Forming an online LLP Designated partners, DSC, DIN, LLP name, LLP agreement is required for successful formation of LLP.

  2. Is it possible to convert an Online LLP into a different business structure?

    Yes, it depends on the jurisdiction's laws and regulations. Consult legal professionals for guidance on the conversion process.

  3. Who is responsible for signing the LLP Agreement in an Online LLP?

    In an Online Limited Liability Partnership (LLP), the designated partners are responsible for signing the LLP Agreement.

  4. What is LLP registration?

    LLP registration is the formal procedure for establishing a Limited Liability Partnership (LLP), a business entity that combines features of both a partnership and a company.

  5. How many individuals are needed to establish an LLP?

    An LLP is required to have a minimum of two partners, and there is no restriction on the maximum number of partners it can have.