Start Your Business with a Secure and Flexible Structure
A Limited Liability Partnership (LLP) is a modern business structure that combines the benefits of a traditional partnership and a private limited company. It provides flexibility in management, limited liability protection to partners, and is ideal for small and medium-sized enterprises (SMEs), startups, and professionals.
Key Features of an LLP:
- Separate legal identity
- Limited liability for partners
- No minimum capital requirement
- Easy to manage and flexible structure
- Less compliance compared to private companies
LLP Registration Process:
LLP Agreement Filing – Draft and file the agreement with MCA within 30 days of incorporation.
Digital Signature (DSC) – Required for all designated partners to sign documents online.
Director Identification Number (DIN) – All partners must have a valid DIN.
Name Reservation – Choose a unique LLP name and apply through the RUN-LLP form.
Incorporation Filing (FiLLiP) – Submit application for registration with necessary documents.
Documents Required:
For Partners:
- PAN Card
- Aadhar Card / Voter ID / Passport / Driving License
- Passport-sized Photograph
- Email ID and Mobile Number
For Office Address:
- Electricity/Utility Bill (latest)
- Rent Agreement (if property is rented)
- NOC from property owner
What is Included in the LLP Agreement:
- Capital contribution by each partner
- Profit-sharing ratio
- Duties and responsibilities
- Rules for management and decision-making
- Procedure for admission/retirement/resignation of partners
Who Should Choose LLP?
- Startups and small businesses
- Professionals like CAs, CSs, architects, and consultants
- Businesses that require flexible internal structure
- Those who want to avoid heavy compliance and audits