LLP Registration in India (Limited Liability Partnership)
Combine the flexibility of a partnership with the benefits of limited liability. Ideal for professionals, consultants and growing businesses.
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What is an LLP?
A Limited Liability Partnership (LLP) is a business structure where partners have limited liability and the entity has a separate legal identity. It combines benefits of both partnership and company structures.
Benefits of LLP
- ✔ Limited liability protection
- ✔ Separate legal entity
- ✔ Lower compliance than companies
- ✔ Flexible internal structure
- ✔ Suitable for professionals and SMEs
Who Should Choose LLP?
- • Professionals (CA, consultants, lawyers)
- • Small and medium businesses
- • Businesses with multiple partners
- • Firms needing limited liability
Documents Required
- PAN Card of Partners
- Aadhar Card
- Address Proof
- Passport Size Photo
- Office Address Proof
LLP Registration Process
- 1. Name reservation
- 2. Document submission
- 3. LLP incorporation filing
- 4. Certificate issuance
LLP vs Partnership vs Private Limited
| Feature | LLP | Partnership | Private Limited |
|---|---|---|---|
| Liability | Limited | Unlimited | Limited |
| Legal Status | Separate | Not Separate | Separate |
| Compliance | Medium | Low | High |
Frequently Asked Questions
How many partners are required?
Minimum 2 partners required.
Is LLP better than partnership?
Yes, due to limited liability and legal status.
Can LLP convert to Pvt Ltd?
Yes, conversion is possible.