How to Register an LLP in India: FiLLiP Process, Documents & vs Pvt Ltd

1What is an LLP?

An LLP is a separate legal entity where partners' personal assets are protected from business debts (except for their own wrongful acts). It needs a minimum of 2 designated partners, at least one resident in India. There is no minimum capital requirement.

2Documents required

• PAN, Aadhaar, and address proof of all partners
• Passport-size photos
• Digital Signature Certificate (DSC) for designated partners
• DPIN/DIN for designated partners (can be obtained within FiLLiP)
• Registered office proof (utility bill + NOC / rent agreement)

3Step-by-step (FiLLiP)

• Obtain DSC for the designated partners.
• Reserve the LLP name via RUN-LLP (or within FiLLiP).
• File the FiLLiP incorporation form on the MCA portal with partner and office details.
• Pay the government fee (varies by capital contribution — verify on MCA).
• On approval, receive the Certificate of Incorporation with LLPIN.
• File the LLP Agreement in Form 3 within 30 days of incorporation.

4LLP vs Private Limited

LLP: lighter compliance, no minimum capital, taxed as a firm, ideal for professional/services firms not seeking equity investment. Pvt Ltd: share-based ownership, easier to raise VC/angel funding and offer ESOPs, but heavier compliance (board meetings, audits, ROC filings). Choose Pvt Ltd if you plan to raise external equity; LLP if you want simplicity.