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LLP

January 11, 2025 admin 0 Comments

Limited Liability Partnership (LLP) in India: The Best of Both Worlds

A Limited Liability Partnership (LLP) is a modern business structure that combines the flexibility of a partnership with the limited liability of a company. It’s ideal for professionals, startups, and small businesses looking for a low-compliance, scalable legal setup.

Key Features of LLP

  • Separate Legal Entity: LLP can own property and enter contracts in its own name.
  • Limited Liability: Partners’ liability is limited to their contribution.
  • No Minimum Capital: LLP can be started with any amount of capital.
  • Flexible Management: Internal structure is governed by an LLP Agreement.
  • Less Compliance: Compared to private limited companies.

Basic Requirements

  • Minimum 2 designated partners (at least one must be a resident of India)
  • Registered office in India
  • Digital Signature Certificates (DSC) for partners
  • DIN/DPIN for designated partners

Registration Process

  1. Apply for DSC & DPIN
  2. Reserve Name using the RUN-LLP service
  3. File Incorporation Form FiLLiP with MCA
  4. Draft & file LLP Agreement within 30 days of incorporation

Time & Cost

  • Timeline: 7–12 working days
  • Government Fees: Based on contribution amount (plus professional fees)

Why Choose LLP?

  • Ideal for service firms, consultancies, and professionals
  • Offers legal recognition with minimal compliance burden
  • Preferred for joint ventures, family businesses, and startups

Need Help with LLP Registration?
We provide end-to-end assistance for LLP incorporation and legal documentation.
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