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Limited Liability Partnership
Rs. 5799
Rs. 4799
all inclusive fees
  • Limited Liability Partnership
Compliance Manager
Rs. 25799
Rs. 22799 /year
all inclusive fees
  • Online Accounting
  • GST
  • ITR

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Business Support
Rs. 69799
Rs. 64799 /year
all inclusive fees
  • Compliance manager
  • Legal Support
  • Debt Recovery Support

What Is Limited Liability Partnership?

LLP (LIMITED LIABILITY PARTNERSHIP) ACT 2008 brought LLP to the Indian context. LLP is like a partnership of a firm and a private limited company. While you have partners who share profits and losses in the ratio of the partnership agreement, the liability of the partners is limited to the amount they contribute in the partnership. In case they are unable to repay the debts of the LLP, their personal assets will not be affected.

Benefits Of LLP

  • LLP has both the benefits of a Private Limited Company and the flexibility of a partnership firm. LLP is governed by LLP ACT of 2008.

  • LLP needs to be registered with Registrar of Companies (ROC). Minimum of two partners are required. There is no limit to the maximum number of partners. Even foreign partners are allowed in LLP.

  • Perpectual Succession - Even if one of the partners goes bankrupt or dies, the company is not dissolved. It runs perpectually like a Private Limited Company in this context.

  • The personal assets of the are not affected even if the company goes bankrupt unlike the partnership firm where the liability is unlimited.

  • The shareholders own and manage the company.

  • LLP is very favourable for the establishment of small businesses.

Procedure

  • Apply for a digital signature certificate for LLP.

  • Apply for a director Identification number(DIN).

  • Choose a name for your LLP following the guidelines.

  • After the issue of LLP name approval letter, submit the required documents within 60 days to get the LLP registered.

  • After the memorandum and Article of Association is prepared, pay the registration fees and stamp duty and submit your forms

Documents Required

  • PAN card or Passport as ID
  • Voter ID or driver’s license as address proof.
  • Latest bank statement/ telephone / gas bill as residence proof
  • Passport Size Photo of each Director
  • Specimen Signature(Directors only)
  • Notarised Rental Agreement of a Rented Property.
  • NOC from Property owner of a Rented Property.
  • Sales Deed/ Property Deed in case of owned Property.


Inclusion Package


  • DPIN for 2 partners
  • Digital Signature
  • Name and search approval
  • LLP Agreement
  • ROC Fees and PAN Card
  • Free accounting software and GST Filing