Limited Liability Partnership (LLP)

• PAN Card and Aadhaar / Passport of all designated partners
• Designated Partner Identification Number (DPIN) for each partner — MFiling applies for DPIN if not already held
• Digital Signature Certificate (DSC) Class 3 for each designated partner — required for MCA e-filings
• Registered office proof — utility bill (not older than 2 months) + NOC from property owner
• Proposed LLP name (3 options) and business objects
• Draft LLP Agreement defining roles, profit-sharing, capital contribution, and management

1. DPIN (Designated Partner Identification Number): Apply for DPIN for all designated partners — similar to DIN for company directors
2. DSC (Digital Signature Certificate): Class 3 DSC for each designated partner — required for FiLLiP e-filing
3. Name availability: Check LLP name on MCA portal — name must not be identical or similar to existing company or LLP names
4. Draft LLP Agreement: Comprehensive agreement covering capital contribution, profit-sharing ratio, partner roles, resignation, and dissolution provisions
5. File FiLLiP: Form for Incorporation of LLP with all required documents — filed on MCA portal using DSC
6. MCA approval: Registrar of Companies reviews and approves the application
7. Certificate of Incorporation: LLP Identification Number (LLPIN) and COI issued by MCA

• Form 11 (Annual Return): File by 30th May each year — details of partners, designated partners, and capital contribution
• Form 8 (Statement of Accounts & Solvency): File by 30th October — audited financial statements (audit mandatory if turnover exceeds Rs.40 lakhs)
• ITR-5: Annual income tax return (audit mandatory if turnover exceeds Rs.40 lakhs / Rs.1 crore in specified cases)
• GST Returns: Monthly / quarterly filing if registered for GST
• DPIN eKYC: Annual eKYC for all designated partners by 30th September
• Penalty for non-filing Form 11 or Form 8: Rs.100 per day with NO upper cap — late filing becomes extremely expensive within months

Q: Can a single person form an LLP?
No. An LLP requires a minimum of 2 designated partners. If you are a solo entrepreneur wanting limited liability, a One Person Company (OPC) is the appropriate structure. If you need a partner but want limited liability, an LLP is the right choice.

Q: Can an LLP convert to a Private Limited Company?
Yes. An LLP can be converted to a Private Limited Company under the Companies Act 2013 by filing Form URC-1 and following the prescribed conversion procedure. This is a common growth path for professional firms and consultancies that wish to raise equity funding or expand ownership. MFiling manages the complete conversion process.

Q: What is the penalty for not filing LLP annual returns?
The penalty for non-filing of Form 11 or Form 8 is Rs.100 per day per form — with no maximum cap. An LLP that misses both forms for 1 year accumulates Rs.73,000 in penalties (365 days × Rs.100 × 2 forms). MFiling's proactive compliance tracking ensures these filings are never missed.