Firm Registration & Compliances
LLP / Partnership FirmPromotional
LLP incorporation on FiLLiP and partnership firm registration — name approval, LLP agreement or partnership deed, and Registrar filings.
- Estimate Cost
- ₹3,000 – ₹15,000 Concessional Price
- Typical duration
- 15 days
Service overview
- This service covers entity creation under the Limited Liability Partnership Act, 2008 or traditional Partnership under the Indian Partnership Act, 1932
- While an LLP provides corporate status, separate legal identity, and limited liability for partners, a traditional Partnership Firm offers a simple, highly flexible structure suitable for small-scale collaborations
Who needs it? / When is it needed?
- Professionals, consultants, and founders wanting shared ownership with limited personal liability.
- Unregistered business partners seeking to formalize rights, capital contributions, and profit shares before trading.
- Family businesses needing a formal operational agreement without heavy corporate compliance overheads.
What to expect from the WCP Professionals
- Structure Partner Roles & Equity: WCP professionals conduct diagnostic intake sessions with all partners to determine profit-sharing ratios, capital contribution interest, and executive management roles.
- Prevent Partner Disputes Upfront: WCP professionals draft tailored Partnership Deeds or LLP Agreements with robust clauses governing non-compete terms, partner admission, retirement, valuation, and binding arbitration.
- Run Name Availability & Trademark Checks: For LLPs, WCP professionals check proposed names against the MCA portal and Trademark register to avoid rejection during RUN-LLP filing.
- Execute Registrations: WCP professionals handle the online FiLLiP incorporation and Form 3 filings for LLPs, or file Form 1 with the Registrar of Firms (ROF) for traditional partnerships to ensure rights under Section 69.
- Clear Regulatory Queries: WCP professionals respond directly to requisitions raised by the MCA or State Registrar of Firms regarding address proofs or business objects.
- Deliver Complete Firm Kit: WCP professionals hand over your Certificate of Incorporation (LLPIN) or ROF Registration Certificate, allotted PAN/TAN, and a first-year statutory compliance roadmap.
Key deliverables
- Entity Structuring & Tax Optimization Advice.
- Custom Partnership Deed or LLP Agreement.
- Certificate of Incorporation (LLPIN) or ROF Registration Certificate.
- Allotted Firm/LLP PAN and TAN Cards.
- First-Year Statutory Compliance Roadmap.
Standard turnaround time
- Traditional Partnership Deed & ROF Filing: 3 to 10 business days.
- LLP Name Approval & FiLLiP Incorporation: 7 to 15 business days.
- LLP Agreement Form 3 Filing: Must be completed within 30 days of incorporation.
Government fees, timelines & key outcomes
- Government Fees: MCA LLP registration fees based on capital contribution and state stamp duties.
- Timelines: Annual LLP filings due by May 30 (Form 11) and October 30 (Form 8).
- Key Outcome: Fully registered partnership entity with statutory legal status.
Forms & filings involved
- RUN-LLP
- FiLLiP: LLP Name Reservation & Incorporation Form
- LLP Form 3: Filing of customized LLP Agreement.
- ROF Form 1: Application for Registration of Traditional Partnership Firm.
Documents required
- PAN and Aadhaar of all partners
- Director Identification Number (DIN/DPIN) & active Class 3 DSCs for Designated Partners
- Registered Office proof with Utility Bill, Lease Agreement, and Owner NOC
- Capital contribution split and business activity details
What we need from you
- Finalized profit-sharing and capital contribution ratios
- Prompt video KYC verification for Digital Signatures
- Signed landlord documentation for registered address
Important conditions
- Unregistered traditional partnerships cannot enforce contractual rights in court against third parties under Section 69.
- Delayed LLP annual filings incur non-waivable statutory penalties of ₹100 per day.
Additional information
Detailed exit and dispute resolution mechanics drafted upfront save partners from expensive litigation if commercial relationships end.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What is the difference between an LLP and a partnership firm?
An LLP is a separate legal entity with limited liability for partners and is registered with the MCA; a partnership firm's partners have unlimited liability and it is registered with the State Registrar of Firms.
When must the LLP agreement be filed?
In Form 3 within 30 days of incorporation; delay attracts an additional fee of ₹100 per day.
Is registration of a partnership firm compulsory?
Not strictly, but an unregistered firm cannot sue third parties or its partners to enforce contractual rights, so registration is advisable.
How many partners does an LLP need?
At least two designated partners, at least one of whom is resident in India.