Why Register a Partnership or LLP?
Partnership Firms and Limited Liability Partnerships (LLPs) are popular business structures in India. While a Partnership Firm is simple and cost-effective, an LLP offers limited liability protection and separate legal identity, making it ideal for growing businesses and professional services.
- Easy to form and manage with minimal compliance
- LLP provides limited liability and separate legal entity
- Suitable for professionals, SMEs, and startups
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Partnership vs LLP – Key Differences
| Feature | Partnership | LLP |
|---|---|---|
| Legal Status | No separate legal entity | Separate legal entity |
| Liability | Unlimited personal liability | Limited liability protection |
| Registration | Under Partnership Act, 1932 | Under LLP Act, 2008 |
| Compliance | Low | Moderate (annual filings required) |
Partnership / LLP Registration Process
Step 1
Draft partnership deed or LLP agreement.
Step 2
Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for LLP.
Step 3
Register with Registrar of Firms or MCA portal (for LLP).
Step 4
Obtain PAN, TAN, and bank account for your firm/LLP.
Documents Required for Registration
- PAN and Aadhaar card of partners
- Passport-size photographs
- Address proof (bank statement/utility bill)
- Proof of registered office (rent agreement/electricity bill)
- Partnership deed / LLP agreement draft
- Digital Signature Certificate (DSC) for LLP
Frequently Asked Questions
A Partnership Firm requires at least 2 partners. LLP also requires minimum 2 designated partners, and at least one must be a resident Indian.
Yes, an LLP can convert into a Private Limited Company by following the conversion process prescribed by MCA.
Partnership registration is optional but highly recommended as it offers legal recognition and helps in dispute resolution and legal proceedings.
Register Your Partnership or LLP Today!
ClearFilings provides fast, reliable, and affordable registration services for Partnership Firms and LLPs across India.
- End-to-end support from experts
- Transparent pricing with no hidden charges
- Compliance and tax advisory post-registration
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Start your business in just a few days!