Limited Liability Partnership (LLP) is a modern business structure that combines the benefits of a Partnership and a Company. It offers limited liability to its partners and has lower compliance costs.
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A Limited Liability Partnership (LLP) is a separate legal entity registered under the LLP Act, 2008. It gives partners the flexibility of organizing their internal structure like a partnership while limiting their liability like a company. It is ideal for professional service providers and small businesses.
Partners are not personally liable for the debts of the LLP. Their liability is limited to their agreed contribution.
An LLP can be started with any amount of capital. There is no statutory requirement for a minimum paid-up capital.
Audit is not required unless turnover exceeds ₹40 Lakhs or capital contribution exceeds ₹25 Lakhs.
LLPs are not liable to pay Dividend Distribution Tax (DDT). Partners can withdraw profits without additional tax liability.
Obtaining Digital Signature (DSC) and Designated Partner Identification Number (DPIN) for partners.
Reserving the unique LLP name via RUN-LLP service on the MCA portal.
Submitting the incorporation form along with subscriber sheet and consent details.
Drafting and filing the LLP Agreement (Form 3) within 30 days of incorporation.
We provide a dedicated Startup Advisor, monthly compliance status reports, and ensure 100% accurate filing at the lowest fees in the market.
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