Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is one of the most flexible business structures in India, offering the perfect balance between partnership flexibility and corporate protection. It is ideal for professionals, startups, and medium-sized businesses looking for credibility with reduced compliance burdens.
Limited Liability Protection – Safeguards personal assets of all partners
Separate Legal Entity – Distinct from its partners
Operational Flexibility – Customizable partnership terms through LLP Agreement
Perpetual Succession – Business continues regardless of partner changes
Tax Efficiency – No dividend distribution tax (only partner-level taxation)
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INTRODUCTION
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a flexible business structure that combines the benefits of a partnership with the legal protection of a company. It offers limited liability to all partners while maintaining operational flexibility, making it ideal for professionals, startups, and small-to-medium businesses seeking growth with reduced compliance burdens.
Trusted by 400+ business partners, our team of CAs and legal experts provides end-to-end LLP registration and compliance support, including partnership agreements, tax filings, and annual returns. Start your collaborative business journey with confidence – partner with Financial Munshi for seamless LLP formation and management.
BENEFITS
Why Choose an LLP in India?
Structured Yet Flexible Partnership
An LLP provides a formal organizational structure while allowing partners to define their roles and profit-sharing ratios through a customized LLP Agreement. This makes it perfect for professional services and multi-owner businesses.
Financial Efficiency & Funding Options
Enjoy pass-through taxation (no dividend distribution tax) while having better access to loans than traditional partnerships. The LLP structure supports smooth capital infusion through new partners.
Compliance Made Simple
Benefit from limited liability protection with significantly fewer compliance requirements than companies. We handle all MCA filings and tax compliances so you can focus on business growth.
How we work
Step-by-Step Company Registration Process
DSC & DIN Application
Company Name Approval
MOA & AOA Drafting
Incorporation Certificate
Documents Checklist
Documents Required for LLP Registration
Ensure a smooth registration process by arranging these essential documents:
For Partners
- PAN Card (Mandatory for all partners)
- Aadhaar Card / Passport / Voter ID
- Passport-Sized Photographs (White background)
- Address Proof (Bank statement/utility bill)
For Registered Office
- Electricity Bill (Not older than 2 months)
- Rent Agreement + NOC (If rented)
Formation Documents
- LLP Agreement (Drafted by Financial Munshi)
- Digital Signature Certificate (DSC)
- Designated Partner Identification Number (DPIN)
FAQs – Limited Liability Partnership
1. How long does LLP registration take?
10-15 working days with proper documents.
2. What's the difference between LLP and Partnership Firm?
| Factor | LLP | Partnership Firm |
|---|---|---|
| Liability | Limited | Unlimited |
| Compliance | MCA filings | Minimal |
| Taxation | 30% flat tax | Partner-level tax |
3. Can NRIs/foreigners be LLP partners?
Yes, but at least 1 resident Indian designated partner is mandatory.
4. Is physical office required?
Yes, but can be a residential address.
5. What's the total cost?
₹5,999 – ₹9,999 (all-inclusive).
6. What annual compliances are required?
- Form 11 (Annual Return)
- Form 8 (Statement of Accounts)
7. Can we add/remove partners later?
Yes, by amending the LLP Agreement.
