LLP Registration
The perfect hybrid structure for professionals and small businesses. Limited liability with low compliance cost.
Discuss Your RequirementDiscuss Your Requirement
Tell us what you need and we will identify the relevant workstream and connect the appropriate people.
Discuss Your RequirementWhat is an Limited Liability Partnership?
An LLP is a balanced structure that offers the benefits of a partnership (flexibility) and a company (limited liability). In an LLP, one partner is not responsible for the negligence or misconduct of another partner. This makes it the preferred instrument for professional firms (CAs, Lawyers, Architects) and small businesses that do not plan to raise venture capital.
Key Differences vs Pvt Ltd
- • No Mandatory Audit: Unless turnover exceeds Rs. 40 Lakhs or contribution exceeds Rs. 25 Lakhs.
- • Lower Cost: Registration and annual compliance costs are significantly lower.
- • Tax Efficient: Profits can be withdrawn by partners without Dividend Distribution Tax.
LLP Formation Steps
Step 1
DSC & DIN
Step 2
Name Approval (FiLLiP)
Step 3
Deed Drafting
Step 4
File Form 3
Documents Checklist
Partners
- • PAN Card & Aadhaar
- • Photo
- • Address Proof (Bank Stmt)
Office Address
- • Utility Bill (Elec/Gas)
- • Rent Agreement (If Rented)
- • Owner NOC
FAQs
Can an LLP convert to Pvt Ltd later?
Yes, but the process is cumbersome. If you plan to raise funds soon, start with a Pvt Ltd directly.
What is the LLP Deed?
It is a legal agreement between partners defining their rights, duties, and profit-sharing ratio. It must be printed on Stamp Paper and notarized.