Limited Lability Partnership
A limited liability partnership (LLP) is one in which each member bears just a small portion of the firm’s debts and liabilities. Completely online & hasslefree T&C* . Form Your Limited Liability Partnership (LLP) Today. Enjoy the Flexibility of a Partnership with Limited Liability Protection. Perfect for Small Businesses and Startups
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What is a Limited Liability Partnership (LLP)?
Focus Your Time and Efforts on Running Your Business and Leave the Accounting to Us
A Limited Liability Partnership (LLP) is a business structure that offers the benefits of a partnership along with limited liability protection for its partners. LLPs combine the flexibility of a traditional partnership with the protection typically offered to shareholders in a company. This structure ensures that the personal assets of the partners are safeguarded, as they are not personally liable for the business debts beyond their investment in the LLP. LLPs are ideal for businesses where two or more people share common goals but want the security of limited liability.
How It Works – Limited Liability Partnership (LLP)
Limited Liability Partnerships (LLP) are perfect for small businesses and professional firms seeking the flexibility of a partnership structure while enjoying limited liability protection, operational efficiency, and minimal regulatory.
Following are the steps for Limited Liability Partnership (LLP)
Choose and reserve a unique name for your LLP with the Registrar of Companies (RoC).
Draft the LLP Agreement, gather identity and address proofs of all partners, and obtain the Director Identification Numbers (DIN) and Digital Signature Certificates (DSC).
Submit the LLP Agreement and all required documents to the RoC, obtain the Certificate of Incorporation, and officially start your business as an LLP.
Why Choose a Limited Liability Partnership (LLP)?
Accurate Record Keeping
Limited Liability
Each partner's personal assets are protected, as they are not personally liable for the business’s debts beyond their agreed contribution.
Operational Flexibility
An LLP allows partners to manage the business directly while enjoying the flexibility of a partnership structure with minimal regulatory compliance.
Ideal for Professional Services and Startups
LLPs are well-suited for small businesses, professional firms, and startups where the partners actively participate in the management and operations of the business.
Frequently Asked Questions
Register Your LLP with Ease and Professional Support
An LLP requires a minimum of two partners to be formed, but there is no maximum limit.
You’ll need identity and address proofs of all partners, the LLP Agreement, DIN, DSC, and proof of the business address.
Yes, LLPs must file annual returns and a statement of accounts and solvency with the Registrar of Companies every financial year.
