Overview
Limited Liability Partnership (LLP) combines the benefits of a partnership and a company. It provides limited liability to partners while offering flexibility in management and lower compliance costs compared to a private limited company. LLP is ideal for professionals and small businesses looking for a formal structure without heavy regulatory burden.
Benefits
Limited liability for all partners
No minimum capital contribution required
Lower compliance costs compared to Pvt Ltd
Flexible management structure
Separate legal entity status
No limit on number of partners
Easy to convert to Pvt Ltd in future
Required Documents
- PAN Card of all designated partners (minimum 2)
- Aadhaar Card of all partners
- Passport-size photographs
- Address proof of registered office
- NOC from property owner
- LLP Agreement (drafted by our team)
- Digital Signature Certificates of designated partners
Step-by-Step Process
- 1
Name Reservation
File RUN-LLP form with MCA for LLP name reservation.
- 2
DSC & DPIN
Obtain Digital Signature Certificates and Designated Partner Identification Numbers.
- 3
FiLLiP Filing
File Form for incorporation of LLP with MCA.
- 4
LLP Agreement
Draft and file LLP Agreement within 30 days of incorporation.
- 5
Certificate of Incorporation
Receive Certificate of Incorporation with LLPIN and PAN/TAN.