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A Limited Liability Partnership (LLP) is a modern and flexible business structure in India, governed by the Limited Liability Partnership Act, 2008. It combines the benefits of a traditional partnership with the advantages of limited liability protection. In an LLP, partners manage the business while enjoying limited personal liability, meaning they are not personally responsible for business debts beyond their agreed contribution. An LLP has a separate legal identity, unlike a partnership firm. LLP registration is ideal for startups, professionals, and growing businesses seeking credibility, flexibility, and lower compliance compared to companies, while still enjoying legal protection.
PAN of all designated partners
Aadhaar / Passport / Voter ID
Utility bill or bank statement
Defines partner roles & profit sharing
Provide designated partner information
Digital signature & identification number
Reserve LLP name with MCA
Certificate issued by Registrar
At least two designated partners required
One partner must be Indian resident
Partners must be 18 years or older
Mandatory after incorporation
A smart structure offering flexibility and legal protection.
Partners are protected from personal risk.
Internal rules defined by LLP agreement.
Fewer legal requirements than companies.
LLP exists independently of partners.
Enhances trust and credibility.
Foreign investment permitted in LLP.
Partner rights transferable as per agreement.
Best for growing & service-based businesses.
| Particulars | OPC | Private Limited Company | Proprietorship | LLP | Partnership Firm |
|---|---|---|---|---|---|
| Act | Companies Act, 2013 | Companies Act, 2013 | No Specific Act | LLP Act, 2008 | Indian Partnership Act, 1932 |
| Registration Requirement | Mandatory | Mandatory | Optional | Mandatory | Optional |
| Number of Members | 1 | 2 – 200 | 1 | 2 or more | 2 – 20 |
| Directors / Partners | 1 Director | Min 2 Directors | Proprietor | Min 2 Partners | Min 2 Partners |
| Separate Legal Entity | Yes | Yes | No | Yes | No |
| Liability Protection | Limited | Limited | Unlimited | Limited | Unlimited |
| Statutory Audit | Mandatory | Mandatory | Not Required | Conditional | Not Required |
| Ownership Transfer | Not Allowed | Easy | Not Allowed | Allowed | Restricted |
| Uninterrupted Existence | Yes | Yes | No | Yes | No |
| Foreign Participation | Not Allowed | Allowed | Not Allowed | Allowed | Not Allowed |
| Tax Rates | 22% – 25% | 22% – 25% | As per Slab | 30% | As per Slab |
| Statutory Compliance | Moderate | High | Low | Moderate | Low |
Drafting and filing of LLP Agreement with MCA within prescribed time.
Annual return to be filed with MCA every year.
Filing of financial statements and solvency declaration.
Mandatory annual income tax return filing.
Required if turnover exceeds prescribed limits.
GST registration and return filing if applicable.
Proper accounting records must be maintained.
Filing changes in partners, address, or agreement.
A Limited Liability Partnership (LLP) is an ideal business structure for professionals, startups, and growing businesses seeking flexibility with legal protection.
With limited liability, separate legal identity, lower compliance burden, and ease of management, LLP registration offers the perfect balance between partnership and company structure in India.
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A Limited Liability Partnership (LLP) is a business structure that combines the flexibility of a partnership with the benefit of limited liability. It is governed by the LLP Act, 2008 and has a separate legal identity.
Any two or more individuals can start an LLP in India. At least one designated partner must be a resident of India and all partners must be 18 years or older.
Yes, LLP registration is mandatory to legally operate as an LLP. It must be registered with the Ministry of Corporate Affairs (MCA).
Required documents include PAN, Aadhaar or Passport of partners, address proof, passport-size photographs, and proof of registered office.
LLP registration typically takes 7–12 working days, subject to document verification and MCA approval.
An LLP Agreement is a legal document that defines partner roles, profit-sharing ratio, rights, duties, and internal management rules of the LLP.
You can start your LLP registration by contacting us via call, WhatsApp, or email. Our experts will manage the entire LLP registration process for you.