A Limited Liability Partnership (LLP) is a hybrid business structure that combines the advantages of a partnership and a company. It offers flexibility in management and ensures limited liability for its partners. At STARTUP INDIA, we provide comprehensive support for LLP registration, ensuring a smooth and efficient process for you.
What is an LLP?
An LLP is a legal entity formed under the Limited Liability Partnership Act, 2008, where two or more individuals come together to form a business with limited liability protection. It is ideal for businesses seeking operational flexibility and lower compliance requirements.
Benefits of LLP Registration
1. Limited Liability
Partners’ personal assets are safeguarded against the LLP’s liabilities, minimizing financial risk.
2. Separate Legal Entity
The LLP is distinct from its partners, ensuring credibility and perpetual succession.
3. Tax Advantages
LLPs enjoy tax exemptions, no dividend distribution tax, and simplified taxation processes.
4. Flexible Management
Partners can design and manage the structure as per their agreement, without stringent regulations.
5. Minimal Compliance
LLPs have fewer compliance requirements compared to private limited companies.
6. Easy Transfer of Ownership
Partnership rights can be transferred with ease, providing operational flexibility.
Basic
LLP Deed Drafting
LLP Registration
Current Account Opening
2 Digital Signatures
Documents Required
PAN Card
Passport (Foreign Nationals Only)
Voters Identity Card