An LLP needs at least two partners. There is no strict upper limit like the private company shareholder limit.

Every LLP must have at least two designated partners who are individuals. At least one should satisfy the resident requirement.

Yes. In most small LLPs, the same individuals are both partners and designated partners.

A partner participates in ownership/profit sharing. A designated partner also has statutory responsibilities for filings and legal compliance.

Yes. A body corporate can be a partner in an LLP, but it must nominate an individual for designated partner role where applicable.

There is no mandatory minimum contribution. Partners can decide contribution based on business needs.

Yes. Contribution ratio and profit-sharing ratio can be different if clearly mentioned in the LLP Agreement.

Yes. Partner remuneration can be provided in the LLP Agreement, subject to tax and drafting considerations.

Contribution can be in money, property or other agreed form, but valuation, tax and accounting support should be considered.

Yes. Profit ratio can be changed by amending the LLP Agreement and filing required MCA forms.

PAN, Aadhaar, photograph, address proof, email, mobile number and basic KYC details are commonly required.

Utility bill, rent agreement/ownership proof and NOC from owner are usually required.

Yes. DSC is required for designated partners signing MCA forms. The package can include DSC for two designated partners.

DPIN/DIN support can be handled through the LLP incorporation process for proposed designated partners, subject to MCA rules.

Yes, but foreign documents may need notarisation/apostille/consularisation depending on country and status.

The process includes structure planning, DSC, name selection, FiLLiP filing, MCA approval, PAN/TAN support, LLP Agreement drafting and Form 3 filing.

If documents are complete and name approval is smooth, LLP registration often takes around 7–15 working days. MCA resubmission can extend timeline.

FiLLiP is the MCA form used for LLP incorporation. It captures LLP name, partners, designated partners, contribution, registered office and incorporation details.

RUN-LLP is a name reservation route. In many cases, name can also be proposed during incorporation; the strategy depends on name sensitivity.

After incorporation, the LLP Agreement should be executed and filed, bank account opened, GST checked, accounting started and compliance calendar created.

The LLP Agreement governs contribution, profit sharing, partner rights, duties, decision-making, admission, retirement, dispute handling and business operations.

Practically, yes. A properly drafted LLP Agreement is essential and must be filed with MCA in Form 3 within the applicable timeline.

The LLP registration support should include Form 3 filing support because the agreement filing is a critical post-incorporation step.

Delay can attract additional fees and create compliance issues. The agreement should be executed and filed within the prescribed timeline.

Yes. Changes in contribution, profit ratio, rights or partners can be documented through amendment and filed with MCA.

GST depends on business activity, turnover, interstate supply, e-commerce and other GST rules. LLP registration alone does not automatically require GST.

Yes. After incorporation and PAN/LLPIN availability, an LLP can open a current account subject to bank KYC.

LLP is taxed as a firm under income tax law. Partner remuneration and interest should be planned through the LLP Agreement and tax provisions.

TAN may be needed where TDS obligations apply. It can be obtained as part of compliance setup depending on the business.

LLP can receive capital/contribution and loans subject to law, agreement terms and FEMA rules where foreign parties are involved.

Common annual LLP filings include Form 11 for annual return and Form 8 for statement of account and solvency.

Audit applicability depends on turnover/contribution thresholds and other requirements. It should be checked annually.

LLP does not follow company-style board meeting rules, but internal decision records and partner approvals are still advisable.

Yes. CompanyJi can handle accounting, tax, Form 8, Form 11, GST and other compliance support.

Missed LLP filings can attract additional fees and compliance complications. Catch-up should be done before major bank, tender or restructuring needs arise.

LLP is usually better for flexible service/professional businesses. Private limited is better for startups seeking equity investment, ESOPs or venture funding.

LLP is usually safer because it provides limited liability and separate legal identity. Traditional partnership generally exposes partners to unlimited liability.

An LLP can apply for DPIIT recognition if it meets eligibility conditions. Certain tax benefits may have separate criteria.

Conversion may be possible subject to legal process and eligibility. It should be planned early if equity fundraising is expected.

Yes. LLP is popular for CA, CS, legal, consulting, design, IT and professional service firms, subject to sector-specific rules.

It can include name planning, DSC for two designated partners, FiLLiP filing, PAN/TAN support, LLP Agreement drafting and Form 3 filing support.

Yes, the standard LLP page should clearly state that DSC for two designated partners is included. Extra DSCs can be arranged separately.

GST registration can be included or added based on package and applicability. The final package should mention it clearly.

All-inclusive pricing can include government fees and stamp duty, subject to state, contribution and package terms.

Yes. A structure discussion is important before finalising LLP, private limited, OPC or partnership.