Incorporate A Limited Liability Partnership (LLP)

Register your business as a Limited Liability Partnership (LLP) with our affordable packages!

Incorporate A Limited Liability Partnership (LLP)
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Limited Liability Partnership

A Limited Liability Partnership (LLP) is a combination of a Partnership Firm and a Private Limited Company in which the owners have a limited liability. It was introduced in India under the Limited Liability Partnership Act, 2008. The primary benefit of incorporating a business as a Limited Liability Partnership is that in an LLP, one partner is not responsible or liable for another partner's misconduct or negligence.

An LLP also provides limited liability protection for the owners from the debts of the LLP. An LLP has a separate legal identity from its members and shareholders and involves lesser compliance requirements as compared to a company. Unlike a Private Limited Company, the partners of an LLP have the right to manage the business directly.

A Limited Liability Partnership (LLP) is a combination of a Partnership Firm and a Private Limited Company in which the owners have a limited liability. It was introduced in India under the Limited Liability Partnership Act, 2008. The primary benefit of incorporating a business as a Limited Liability Partnership is that in an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. An LLP also provides limited liability protection for the owners from the debts of the LLP. An LLP has a separate legal identity from its members and shareholders and involves le
ser compliance requirements as compared to a company. Unlike a Private Limited Company, the partners of an LLP have the right to manage the business directly.

A Limited Liability Partnership (LLP) is a combination of a Partnership Firm and a Private Limited Company in which the owners have a limited liability. It was introduced in India under the Limited Liability Partnership Act, 2008. The primary benefit of incorporating a business as a Limited Liability Partnership is that in an LLP, one partner is not responsible or liable for another partner's misconduct or negligence.

An LLP also provides limited liability protection for the owners from the debts of the LLP. An LLP has a separate legal identity from its members and shareholders and involves lesser compliance requirements as compared to a company. Unlike a Private Limited Company, the partners of an LLP have the right to manage the business directly.

Cost effective & Transparent Pricing

Basic

Rs. 8000/- inclusive of all fees

Limited Liability Partnership registration with DSC, DIN, LLP Deed drafting, Name approval, PAN, TAN, GST Registration, and government fees for incorporation. Inclusive of government fees and GST.

Standard

Rs. 12000/- inclusive of all fees

LLP registration with DSC, DIN, LLP Deed drafting, Name approval, PAN, TAN, 1 year TDS Return filing, GSTIN, government fees for incorporation. Inclusive of government fees and GST.

Advanced

Rs. 18000/- inclusive of all fees

LLP incorporation with DSC, DIN, LLP Deed drafting, Name approval, PAN, TAN, GSTIN, 1 year TDS Return filing, Trademark Registration and government fees for incorporation. Inclusive of government fees and GST.

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Need Help With Limited Liability Partnership Registration?

Talk to our Legistify's Inhouse Legal Expert for assistance On 011-331-38-123

Choose the Right Business Type

Compare the features of different business structures to choose the best for your business!

Key Features Private Limited Company Limited Liability Partnership One Person Company Partnership Firm Sole Proprietorship
+ Separate Identity
  The company has a separate identity from its shareholders and can hold property in its own name. The LLP has a separate legal identity from the partners and can sue or be sued in court. The OPC has a separate identity from its director. A Partnership ceases to exit upon the death of one partner. The Proprietorship and the owner are one identity.
+ Limited Liability
  The shareholders and directors have limited liability and are liable only to the extent of their share. The partners are only liable to the extent of their share in the LLP and cannot be held liable personally. The director has limited liability and cannot be held liable beyond his/her share. The partners have unlimited liability and can be personally held liable for the losses of firm. The proprietor has unlimited liability and can be personally held liable for the firm's losses.
+ Transfer of Ownership
  Ownership can be transferred through the transfer of shares. The ownership is transferrable in an LLP. The ownership can be transferred from the director easily. The ownership cannot be transferred from one partner to any other person. The ownership cannot be transferred as the firm and owner are one identity.
+ Number of Members 2-200 2- Unlimited 1 2-20 1
  There must be a minimum of 2 directors and 2 shareholders. The maximum no. of directors is 15 and shareholders is 200. There must be a minimum of 2 partners. There is no limit to the number of members in an LLP. There can only be 1 director and one nominee director in an OPC. There must be a minimum of 2 partners and the maximum number is 20. There can only be 1 proprietor in a sole proprietorship firm.
+ Perpetual Existence
  Company exists even after the death of any member. The LLP keeps on existing even if one partner leaves. The OPC has an unlimited existence and isn;t affected by the director's existence. The partnership firm ceases to exist after the exit or death of one partner. The proprietorship comes to an end with the exit or death of the owner.
+ Tax Benefits Some Many Some Many Few
  Tax rates are applicable in accordance with the existing tax rates. Share of profits are tax free in an LLP. The existing tax rates are applicable to OPC. Share of profits are tax free. Tax rates are applicable in accordance with the personal income of owner.
+ Foreign Members
  Foreign members are allowed after obtaining approval of the Government. The approval of Government is required to add foreign members to the LLP. No foreign members are allowed. No foreigner/ NRI is allowed. No foreigner can start a sole proprietorship.
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Frequently Asked Questions

How many partners are required for LLP registration?
There must be at least two partners for LLP registration. There is no maximum number of partners in a Limited Liability Partnership.
Who all can become designated partners in LLP?
Any individual, company or LLP can become a partner but only an individual can become a designated partner in a LLP.
Can NRIs or foreign nationals start an LLP in India?
Yes, NRIs and foreign nationals can start LLP in India, provided they submit all the necessary documents after getting them notarised by the concerned authorities. Also, at least one of the designated partners in the LLP should be an Indian national.
How much capital is required for LLP registration?
There is no minimum capital requirement to register an LLP in India. An LLP can be registered with basic deposit in a current account.
Is a separate office space needed for LLP registration in India?
No, a separate office is not needed to register a Limited Liability Partnership. It can be started at the residential address of a partner.
What is Designated Partner Identification Number (DPIN)?
Designated Partnership Identification Number (DPIN) is a unique identification number given to an existing or a potential Partner of any LLP which is incorporated.
What if I have a DIN, do I need a DPIN?
No. With effect 9th July, 2011, if a person already has an existing Director Identification Number (DIN), Designated Partner Identification Number (DPIN) is not required.
What does the LLP Agreement consist of?
An LLP Agreement is entered into by the individual partners of the LLP. It consists of the management policies, policy making strategies, inclusion on new partner, share of partners, on death of an existing partner and such other matters pertaining to administration of the LLP.
Is LLP cheaper to run than a Private Limited Company?
Yes, LLP is cheaper to run than a Private Limited Company, especially in the early start up days. This is because compliances such as audit apply to LLPs only after their turnover is sizeable.
Can an LLP be converted into a Private Limited Company?
No, a Limited Liability Partnership cannot be converted into a Private Limited Company.

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