Chennai · Expert Advocates
LLP (Limited Liability Partnership) Registration in Chennai
The smart structure for professional firms and bootstrapped startups — limited liability with partnership flexibility.
Why Velan Law
- LLPIN within 15–20 days
- Partners not liable for each other's acts
- Lower compliance vs Pvt Ltd
An LLP combines the operational flexibility of a partnership with the limited liability protection of a company. Governed by the LLP Act 2008, it is ideal for professional services firms, family businesses and bootstrapped startups. Velan Law Associates handles DSC, DPIN, FiLLiP form, LLP Agreement drafting and ROC filings — incorporation completed in 15–20 days.
Key Benefits
- Limited liability — personal assets protected
- No minimum capital requirement
- Lower annual compliance cost than Pvt Ltd
- No mandatory audit if turnover < ₹40 lakh & capital < ₹25 lakh
- Perpetual succession — partner changes don't dissolve the LLP
Documents Required
- PAN & Aadhaar of all designated partners
- Address proof of all partners
- Passport-size photographs
- Registered office proof — rent agreement, NOC, utility bill
- Subscriber sheet & consent (we draft)
How We Work
DSC & DPIN
Digital Signature and Designated Partner Identification Number for each partner.
Name Reservation
RUN-LLP application filed with the MCA for name approval.
FiLLiP Filing
Integrated incorporation form filed with partner details.
Certificate of Incorporation
LLPIN issued by ROC; PAN and TAN follow.
LLP Agreement
Drafted and filed in Form 3 within 30 days of incorporation.
Frequently Asked Questions
LLP or Private Limited — which is better?
LLP suits professional firms and bootstrapped businesses (lower compliance, no audit below ₹40L). Pvt Ltd suits startups planning to raise VC funding (equity, ESOPs, scalability).
What is the minimum capital for LLP?
There is no minimum capital. You can incorporate an LLP with as little as ₹1,000 contribution.
Can an LLP be converted to a Pvt Ltd later?
Yes. We handle full LLP-to-Pvt-Ltd conversion including stamp duty, regulatory filings and tax planning.
What annual filings does an LLP require?
Form 8 (Statement of Accounts) and Form 11 (Annual Return). Audit is required only above ₹40L turnover or ₹25L capital.
How long does LLP registration take?
Typically 15–20 working days, including DSC, DPIN, name approval, FiLLiP and LLP Agreement filing.
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