Dhanvitt

Limited Liability Registration (LLP) Registration in India

In India, the concept of Limited Liability Partnership was introduced in 2008 by the LLP Act, 2008. In India, LLP has become the most preferred form of business among entrepreneurs.

Submit your Details to get an Instant All-inclusive Quote to your email and a FREE Expert consultation

Overview of Limited Liability Partnership (LLP) Registration with Dhanvitt

A Limited Liability Partnership (LLP) combines the benefits of both a partnership and a private limited company, offering flexibility in management while providing limited liability protection to its partners. LLPs are governed by the Limited Liability Partnership Act, 2008, and are ideal for businesses that seek a structured yet flexible form of partnership, especially in professional services, small businesses, and startups. In an LLP, partners are only liable to the extent of their agreed contribution, meaning personal assets are safeguarded from business debts and liabilities. This structure allows for easier management and compliance compared to other business entities, with fewer regulations while maintaining corporate benefits such as a separate legal entity and perpetual succession.

What are the Features of an LLP in India?

The following are the features of an LLP in India:

  1. It’s a body corporate & legal entity separate from its members;
  2. The members of an LLP have a limited liability, limited to their agreed contribution to the LLP;
  3. It has the organizational flexibility of a Partnership;
  4. It has a perpetual succession, it continues to exist even after the founding partners leave the organization. All it requires is to have at least 2 partners;
  5. Its accounting & filing requirements are similar to that of a Company;
  6. Less compliance and regulations;
  7. No requirement for minimum capital contribution;
  8. At least one partner must be a resident of India;
  9. There is no upper limit on the maximum number of Partners.

What are the Different Types of LLP Forms in India?

  1. FiLLiP Form: This form is used for the incorporation of LLP in India.
  2. Run LLP: This form is used for reserving a name for the LLP.
  3. Form 3: Details regarding LLP Agreement.
  4. Form 8: Statement of Account & Solvency.
  5. Form 11: Annual Return of LLP.
  6. Form 24: This is the application to the ROC for striking off the name of LLP.
LLP Compliance

All LLPs incorporated in India are required to file statutory returns with MCA every year. Limited Liability Partnerships having a sales turnover of over Rs. 40 lakhs or capital of over Rs. 25 lakhs will also be required to complete a statutory audit. RegisterKaro can help you maintain your LLP Compliance at a very affordable price

Submit your Details to get an Instant All-inclusive Quote to your email and a FREE Expert consultation

Popular Services

Private Limited Company Registration | Public Limited Company Registration | Limited Liability Partnership | One Person Company | Partnership Firm Registration | Sole Proprietorship Registration | Indian Subsidiary Registration | Nidhi Company Registration | Producer Company Registration | Startup India Registration | Section 8 Company Registration | Trust Registration | NGO Registration | LLP Compliance | Private Limited Company Compliance | Nidhi Company Compliance | BIS Certification | BIS FMCS Certification | BIS CRS Certification | ISI Mark Certification | CDSCO Registration | Medical Device Registration | Trademark Registration | IEC Registration | ESI Registration | EPF Registration | Shop and Establishment Act Registration | FSSAI Registration | FSSAI State License | FSSAI Central License | FPO Mark Certification | EPR Registration | PRO Authorization | Plastic Waste Authorization | Environmental Clearance | EPR Authorization for E-Waste |