FAQs

A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership with the benefits of limited liability for its partners. It is governed by the LLP Act, 2008, and is a separate legal entity from its partners.

Any two individuals (Indian or foreign) can register an LLP, provided at least one partner is a resident of India. Body corporates like companies and LLPs can also be partners in an LLP.

A minimum of two partners is required to form an LLP. There is no upper limit on the number of partners. At least two must be designated partners, and one must be a resident Indian.

To register an LLP:

1. Get Digital Signature Certificates (DSC) for partners.
2. Apply for DPIN (Designated Partner Identification Number).
3. Reserve LLP name on MCA portal.
4. File incorporation form (FiLLiP).
5. Draft and file the LLP Agreement.
6. Receive the Certificate of Incorporation.

DPIN is a unique number issued by the MCA to an individual who wants to act as a designated partner in an LLP. It’s similar to DIN for company directors.