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A Limited Liability Partnership (LLP) is a business structure registered under the LLP Act, 2008 that combines the operational flexibility of a partnership with the limited liability of a company. It is a separate legal entity from its partners.
In an LLP, each partner’s liability is limited to their agreed contribution, and no partner is liable for the misconduct or negligence of another. It requires a minimum of two partners, of which at least two must be “designated partners” responsible for compliance, with at least one resident in India.
With no minimum capital requirement and lighter annual compliance than a private limited company, the LLP is a cost-effective choice for professional firms, consultancies and small-to-medium businesses that don’t need to raise equity funding.
An LLP protects each partner while keeping compliance simple and affordable.
No partner is liable for another partner’s wrongful acts — liability is limited to their contribution.
Fewer filings and no mandatory audit below prescribed turnover — cheaper to maintain than a company.
Start an LLP with any amount of capital — there is no minimum requirement.
The LLP can own assets and enter contracts in its own name, independent of its partners.
A simple, fully online process handled end-to-end by your dedicated CA.
A CA confirms an LLP is right for you and shares the document checklist for all partners.
We obtain Digital Signature Certificates and Designated Partner Identification Numbers.
We reserve your unique LLP name with the MCA through the RUN-LLP process.
We file the incorporation form (FiLLiP), draft your LLP agreement and deliver the certificate.
Professional fees shown below. Government fees & stamp duty vary by state and are charged at actuals.
Complete LLP registration including the LLP agreement, done fully online.
+ Government fees at actuals
A minimum of two partners is required, with no upper limit. At least two must be designated partners, and one of them must be resident in India.
An LLP audit is only mandatory if turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh in a financial year. Below that, no statutory audit is required.
It is a legal document defining the rights, duties, profit-sharing and responsibilities of the partners. It must be filed with the MCA within 30 days of incorporation.
Yes, an LLP can be converted into a company, though the process involves specific MCA filings and approvals. Our team can guide you through it.
An LLP must file Form 11 (annual return) and Form 8 (statement of accounts) each year, plus income tax returns. We offer packages to manage this.
Book a free consultation with a Chartered Accountant today and get a clear, no-obligation plan for your registration and compliance.
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