Limited Liability Partnership (LLP) Incorporation

Registration Services

Limited Liability Partnership (LLP) Incorporation

Plans
LLP Incorporation
₹ 5,499 (Exclusive of GST)
About Limited Liability Partnership (LLP) Incorporation

A Limited liability Partnership (LLP) is incorporated under the Limited Liability Partnership Act, 2008., and is governed by the Ministry of Corporate Affairs (MCA), with Registrar of Companies as the acting authority. LLP is ideally one of the best vehicles for a Startups, Professional Firms and Small and Medium Business.

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its name. The LLP is a separate legal entity, liable to the full extent of its assets but liability of the partners is limited to their agreed contribution to the LLP. It has the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost.

Some of the features of a LLP:

  1. LLP is like a corporate body having its separate existence other than its partners
  2. Limited Liability for partners unlike in Partnership firm
  3. No requirement of minimum capital
  4. No restriction in partners or members unlike Private Limited Company
  5. No requirement of compulsory Audit
  6. Lower Registration Cost & Compliance
  7. For taxation, LLP considered as Partnership Firm
  8. Any Body corporate can become the Partner
Minimum 2 Designated Partners (Individuals)
Any Amount – Minimum Paid-up Capital
Scope
  • Reservation of Name for LLP
  • Digital Signature for Designated Partners
  • Directors Identification Numbers – For Designated Partners
  • Drafting of Partnership Agreement for LLP
  • PAN Application
  • TAN Application
  • GST Application (If Applicable/Required)
  • PF Application (If Applicable/Required)
  • ESI Application (If Applicable/Required)