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Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) combines the benefits of a partnership firm with the limited liability protection of a company. Governed by the Limited Liability Partnership Act, 2008, it offers flexibility in operations while protecting partners' personal assets from business liabilities.

Cost-Effective Formation: LLP registration starting at ₹999 + Govt Fee with transparent pricing.
Simplified Compliance: Lower compliance requirements compared to private limited companies, with annual filings only.
Partner Flexibility: Easy addition and removal of partners with minimal documentation requirements.
Professional Structure: Perfect for professional services firms and small to medium businesses.

Registration Process

Partner Documentation

Apply for DPIN, obtain DSC for partners, and prepare LLP agreement

MCA Registration

File Form FiLLiP with MCA and obtain Certificate of Incorporation

Post Registration

Complete PAN/TAN registration, bank account opening, and GST registration

What is a Limited Liability Partnership?

An LLP is a hybrid business structure that combines the flexibility of a partnership with the limited liability protection of a company. Regulated by the LLP Act of 2008, it provides partners with protection from personal liability while maintaining operational ease and lower compliance requirements.

Partner Liability:Partners have limited liability protection - their personal assets are protected from business debts and obligations. Each partner is liable only to the extent of their agreed contribution.
Minimum Requirements:Requires at least 2 partners, with no maximum limit. At least one partner must be an Indian resident. No minimum capital contribution is required by law.
Operational Flexibility:Partners can decide roles, profit sharing, and management structure through the LLP Agreement. Changes in partnership can be made without complex legal procedures.

The Limited Liability Partnership Act, 2008 is the primary legislation governing LLPs in India, providing the legal framework for formation, operation, and dissolution of LLPs.