Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) is one of the most preferred form of organization among entrepreneurs as it includes the advantages of both partnership firm and company in a single form of organization.

This concept of LLP was introduced in India in 2008. An LLP has the characteristics of both the partnership firm and company. The Limited liability Partnership Act, 2008 regulates the LLP in India. Minimum two partners are mandatory to incorporate an LLP. There is no upper limit on the maximum number of partners of an LLP.

There should be a minimum of two designated partners who shall be individuals, and at least one of them should be an Indian resident. The rights and duties of designated partners are governed by the LLP agreement. They are directly responsible for the compliance of all the provisions of the LLP Act, 2008 and provisions specified in the LLP agreement.

Procedure for LLP Registration

It is a separate legal entity that can hold properties in its own name and is solely responsible for its responsibilities.

Documentation

Name Reservation

File incorporation form

Verification

Uploading forms

Get Certificate

Simple Easy Process

Know more about LLP Registration

You can have unlimited partners in Limited liability partnership firms

LLP can be easily transferred to one person from another

LLP’s existence is still considered even after the death of any partner

No audit required up to turnover less than Rs. 40 lakh and Rs. 25 lakh as capital contribution

Documents Required

Identity proof of partners

Address proof of partners

Photograph of partners

Contact details of partners

Address proof of partners

Certificates You Receive!

Allotment of DIN (for partners)

Name Reservation Letter

LLP PAN

Incorporation Certificate

LLP TAN

LLP Deed

Current Account Opening

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