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Combine the benefits of partnership with limited liability protection. Perfect for professionals, consultants, and small businesses.
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership with the advantages of limited liability. Introduced in India through the LLP Act, 2008, it has become a popular choice for professionals and small businesses.
In an LLP, partners have limited liability, meaning their personal assets are protected from business debts. Unlike a traditional partnership, partners are not liable for the negligence or misconduct of other partners. This makes LLP an attractive option for professionals like CAs, lawyers, and consultants.
LLPs offer operational flexibility with minimal compliance requirements compared to private limited companies. There's no requirement for minimum capital contribution, and the internal governance is determined by the LLP Agreement. LLPs also enjoy pass-through taxation, avoiding the double taxation faced by companies.
Partners' personal assets are protected from business liabilities
Start your LLP with any amount of capital contribution
Fewer regulatory requirements compared to private companies
No dividend distribution tax and lower audit threshold
LLP Agreement can be customized as per partners' needs
Separate legal entity status enhances business credibility
Partners' personal assets are protected from business liabilities
Start your LLP with any amount of capital contribution
Fewer regulatory requirements compared to private companies
No dividend distribution tax and lower audit threshold
LLP Agreement can be customized as per partners' needs
Separate legal entity status enhances business credibility
How It Works
Obtain Digital Signature Certificate and Designated Partner Identification Number
Apply for LLP name through RUN-LLP form on MCA portal
Submit incorporation form with LLP Agreement and partner details
Receive Certificate of Incorporation with LLPIN
Obtain Digital Signature Certificate and Designated Partner Identification Number
Apply for LLP name through RUN-LLP form on MCA portal
Submit incorporation form with LLP Agreement and partner details
Receive Certificate of Incorporation with LLPIN
Perfect structure for CAs, lawyers, architects, and consultants
Audit not mandatory if turnover below ₹40 lakhs and capital below ₹25 lakhs
Can be easily converted to Private Limited Company when needed
Only 2 annual filings required - Form 11 and Form 8
Our team handles the entire registration process
Get your LLP registered in 10-15 working days
Perfect structure for CAs, lawyers, architects, and consultants
Audit not mandatory if turnover below ₹40 lakhs and capital below ₹25 lakhs
Can be easily converted to Private Limited Company when needed
Only 2 annual filings required - Form 11 and Form 8
Our team handles the entire registration process
Get your LLP registered in 10-15 working days
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Common Questions
A minimum of 2 designated partners are required to form an LLP. There is no maximum limit on the number of partners.
Yes, a body corporate including a company or another LLP can become a partner in an LLP through its nominee.
No, there is no minimum capital requirement for LLP registration. You can start with any amount of contribution.
LLPs need to file Form 11 (Annual Return) and Form 8 (Statement of Account & Solvency) annually. Income Tax Return filing is also mandatory.
Yes, an LLP can be converted to a Private Limited Company under Section 366 of the Companies Act, 2013.