Company Registration
LLP Registration
A Limited Liability Partnership blends the operational flexibility of a traditional partnership with the limited liability protection of a company, making it a favourite structure for professional and service firms.
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What is a Limited Liability Partnership (LLP)?
An LLP is a body corporate registered under the Limited Liability Partnership Act, 2008. It is a separate legal entity distinct from its partners, and each partner's liability is limited to their agreed contribution. The rights and duties of partners are governed by an LLP agreement, giving the structure flexibility in how the business is managed internally.
Key Features
Separate Legal Entity
LLP has its own legal identity separate from its partners.
Limited Liability
Liability of partners is limited to their agreed contribution.
Minimum Partners
Minimum 2 partners are required to register an LLP.
LLP Agreement
Rights and duties are governed by the LLP agreement.
Flexible Management
Partners can manage business operations with flexibility.
Lower Compliance
LLP has simpler compliance compared with companies.
Advantages
Limited Liability Protection
Protects partners from personal liability beyond their agreed contribution.
Partnership Flexibility
LLP provides flexibility in management and internal operations.
No Minimum Capital
No minimum capital requirement makes LLP easy to start.
Easy Management
Partners can decide business responsibilities through agreement.
Lower Compliance
LLP requires fewer compliances compared with private companies.
Documents Required
PAN and Aadhaar card of the proposed director(s)
Mobile number and email ID of the proposed director(s)
Electricity bill, not older than 2 months, for the registered office address
Capital structure of the company and shareholding percentage of each subscriber
A unique mobile number and email ID to be used for the company — the incorporation certificate is delivered here
Latest bank account statement of all directors, if a director does not already have a DIN
Educational qualification details of directors without an existing DIN
Passport-size photograph of all directors