Limited Liability Partnership LLPIndia
What it takes to form, own and run a limited liability partnership in India, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A partner is not personally liable, directly or indirectly for an obligation referred to in sub-section (3) of section 27 solely by reason of being a partner of the limited liability partnership.
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Every limited liability partnership shall have at least two partners.
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Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India
The registry’s and the law’s own pages do not mention it.
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(a) Limited Liability Partnership whose contribution Rs. 500/- does not exceed Rs. 1 lakh
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For the AY 2026-27, a Partnership Firm (including LLP) is taxable at 30%.
Form it
Who registers it
- Registry
- Formed without visiting
- Not in our records
- Formed online
- Not in our records
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 2 · one must live there · individuals only
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Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India
- Shareholders
- At least 2 · a company may be one
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Every limited liability partnership shall have at least two partners.
- Members
- At least 2
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Every limited liability partnership shall have at least two partners.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- INR 50 (about €0.47)
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(a) Limited Liability Partnership whose contribution Rs. 50/- does not exceed Rs. 1 lakh
- Accounts on the public record
- Yes
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Every limited liability partnership shall file within the prescribed time, the Statement of Account and Solvency prepared pursuant to sub-section (2) with the Registrar every year
- Audit for a small company
- Not required
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a limited liability partnership whose turnover does not exceed, in any financial year, forty lakh rupees, or whose contribution does not exceed twenty-five lakh rupees shall not be required to get its accounts audited
- Audit
- Section 34(4): accounts audited under the rules; Rule 24(8) (2009 Rules as first published) exempts an LLP with turnover not above Rs 40 lakh or contribution not above Rs 25 lakh.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the LLP are in our records.
What is public
- Directors
- Public
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The incorporation document, names of partners and changes, if any, made therein, Statement of Account and Solvency and annual return filed by each limited liability partnership with the Registrar shall be available for inspection by any person
- Shareholders
- Public
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The incorporation document, names of partners and changes, if any, made therein, Statement of Account and Solvency and annual return filed by each limited liability partnership with the Registrar shall be available for inspection by any person
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 30%+1 regime
For AY 2026-27 a partnership firm (including an LLP) is taxable at 30%, with surcharge and cess extra.
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For the AY 2026-27, a Partnership Firm (including LLP) is taxable at 30%.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Special provisions in respect of newly established Units in Special Economic Zones free zone
Newly established units in Special Economic Zones Income-tax Act, 2025, section 144
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in India
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Winding up, either voluntary or by the Tribunal, after which the LLP may be dissolved (LLP Act 2008 s.63; Tribunal grounds in s.64, including fewer than two partners for over six months and failure to file the Statement of Account and Solvency or annual return for five consecutive years); or the Registrar may strike a defunct LLP's name off the register, in the prescribed manner and after giving the LLP a reasonable opportunity of being heard (s.75). The Rules' procedure and forms were not read in a current text.
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The winding up of a limited liability partnership may be either voluntary or by the Tribunal and limited liability partnership, so wound up may be dissolved.
- Statutory fee
- Not in our records
Every business in India
GST
- The tax
- GST (Goods and Services Tax)
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Streamlined Rate Structure: The tax structure has primarily moved to two slabs - 5% and 18%.
- Standard rate
- 18%
Since 22 September 2025 the structure has primarily two slabs, 5% and 18%, with a 40% rate on luxury and sin goods; the 12% and 28% slabs were discontinued.
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Streamlined Rate Structure: The tax structure has primarily moved to two slabs - 5% and 18%.
- Other rates
- 5% The merit rate on essential goods and specified services (for example leather, footwear up to ₹2,500 a pair, textiles, packaged food)
- 40% Luxury and sin goods: lottery and online gaming, tobacco, aerated drinks, high-end cars, yachts and private aircraft
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A 40% rate on luxury and sin goods has been introduced to help maintain revenue balance while ensuring a fairer tax structure . This includes lottery/ online gaming, tobacco, aerated drinks, high-end cars, yachts and private aircrafts.
- Registration threshold
- INR 4,000,000 · about €37,691
aggregate turnover: ₹40 lakh for a supplier of goods; ₹20 lakh for a supplier of services (₹10 lakh in special category states); financial year
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Higher Exemptions: Effective from April 2019, the GST registration limit for goods suppliers was increased from ₹20 lakh to ₹40 lakh
- Voluntary registration
- Yes
A person not liable to be registered under section 22 or 24 of the CGST Act may register voluntarily, and all provisions applying to a registered person then apply.
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Section 25(3) of the CGST Act, 2017 states that “a person, though not liable to be registered under section 22 or section 24 of the CGST Act, 2017 may get himself registered voluntarily
- A foreign company
- Registers from its first taxable supply
CGST Act s.24(v): non-resident taxable persons making taxable supply must be registered notwithstanding the s.22(1) turnover threshold, and under s.25(1) a non-resident taxable person applies at least five days before commencing business and (s.27) makes an advance deposit of the estimated tax. Whether a resident representative is required is not stated in the Act sections read (CBIC's 'Updated 30.09.2020' text); it is a matter of the CGST Rules.
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Notwithstanding anything contained in sub-section (1) of section 22, the following categories of persons shall be required to be registered under this Act
- Returns filed
- Depends on the business
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Simpler Return Filings: The quarterly return filing and monthly payment (QRMP) scheme has been introduced in 2020 to allow for quarterly filing of returns . It covers taxpayers with annual turnover of up to ₹5 crore.
- Tax authority
- Registration page read 2026-10-25
Payment and banking services
3 services name India on their own list: Paysera, Airwallex, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership (LLP)
- ISO 20275 code
- U5S6Secondary GLEIF, Entity Legal Forms code list