Email- ​auditor@candr.in

Chowdary & Rao,

Chartered Accountants, 102, MVV Lakshmi Villa,

opp: kotak school,

china waltair, visakhapatnam Andhra Pradesh 530017

+91-9959748222

+919618448222


Ph. No- ​9959748222/

                 9618448222

Copyright © Chowdary and Rao : Chartered Accountants : Visakhapatnam 
​ALL RIGHTS RESERVED.

While traditional partnership firms suit very small, low-risk setups with minimal compliance, LLPs provide better protection, scalability, and professionalism—especially for businesses planning growth or external dealings.

Ready to form your LLP? Contact us for a consultation on the best structure, drafting your LLP Agreement, and a step-by-step guide to registration

Our Key LLP Formation Services

  • Structure Advisory — Guidance on whether an LLP fits your business (e.g., professional firms like CA/CS/law practices, consulting, trading, or service-oriented ventures) compared to partnership firm, Private Limited Company, or OPC.
  • Name Reservation — Checking availability and filing RUN-LLP (Reserve Unique Name for LLP) or directly through FiLLiP if proceeding immediately; ensuring name complies with MCA guidelines (must end with "LLP" or "Limited Liability Partnership").
  • Incorporation Filing (FiLLiP) — Complete handling of Form FiLLiP (Form for Incorporation of LLP) including:

  1. Application for Designated Partner Identification Number (DPIN) / DIN (if not already held)
  2. Digital Signature Certificates (DSC) coordination for designated partners
  3. e-Form FiLLiP submission with details of partners, designated partners, registered office, and initial contribution
  4. Attachment of LLP Agreement (drafted/customized), consent of designated partners (Form 9 equivalent in process), and proofs

  • LLP Agreement Drafting — Preparation of a tailored LLP Agreement covering capital contributions (tangible/intangible/services), profit/loss sharing, management rights, admission/retirement, dissolution, and dispute resolution.
  • Document Preparation & Verification — Assistance with identity proofs (PAN, Aadhaar), address proofs, photographs, registered office proofs (rent agreement/NOC/utility bill), and declarations.
  • Post-Incorporation Compliances — Support for PAN/TAN allotment, opening LLP bank account, GST registration (if applicable), Shops & Establishments, professional tax, and initial statutory records.
  • Changes & Updates — Filing for partner additions/retirements (Form 4), name/address changes (Form 5), agreement amendments (Form 3), and annual filings (Form 8 & Form 11).


The entire process is online via MCA portal and typically completes in 7–15 working days (subject to document readiness and MCA approval).

At Chowdary and rao, we offer complete support for incorporating Limited Liability Partnerships (LLPs) under the Limited Liability Partnership Act, 2008, through the Ministry of Corporate Affairs (MCA) portal. Our team assists promoters in choosing this structure, preparing documents, and completing online registration while ensuring compliance with all regulatory requirements.

LLPs combine the flexibility of a partnership with limited liability protection and separate legal entity status, making them suitable for professional services, small to medium businesses, startups, and ventures seeking credibility without heavy compliance.

Uses & Benefits of Forming an LLP

LLPs offer significant advantages over unregistered/registered traditional partnership firms under the Indian Partnership Act, 1932, and are often preferred for growing or professional businesses:

  • Limited Liability Protection — Partners' liability is limited to their agreed contribution to the LLP. Personal assets are protected from business debts or obligations (unlike unlimited personal liability in partnership firms).
  • Separate Legal Entity — The LLP is a distinct entity, capable of owning property, entering contracts, suing/being sued, and holding assets independently.
  • Perpetual Succession — The LLP continues irrespective of partner changes (addition, retirement, death), unlike partnership firms that may dissolve on partner exit.
  • Flexible Management & Profit Sharing — No restrictions like companies (e.g., no mandatory board meetings); profit sharing as per LLP Agreement (flexible, not tied to capital contribution).
  • Ease of Raising Funds & Credibility — Easier access to bank loans, credit, and external funding; higher trust with clients, vendors, and authorities compared to unregistered partnerships.
  • Tax Efficiency — Taxed as a partnership (pass-through taxation—no dividend distribution tax); eligible for deductions, carry-forward of losses, and lower compliance costs than companies.

LLP FORMATION SERVIES