Limited Liability Partnership

Limited Liability Partnership

Limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. Limited Liability Partnership is managed as per the LLP Agreement.



Frequently Asked Question

What are the Advantages / features?
What are the Minimum Requirement of Limited Liability Partnership Registration?
  1. Minimum 2 Designated Partners
  2. Minimum 2 Partners
  3. At least 1 of the designated partners shall be an Indian Resident
  4. If a body corporate is a partner, it has to nominate a natural person as its nominee
  5. The Designed Partner and Partner can be same
  6. DPIN (Designated Partner Identification Number for all Designed Partners)
  7. DSC (Digital Signature Certificate for all Designated Partners)
  8. There is no requirement of Minimum Contribution.
Is LLP Registration to be renewed every year?

No. Once the LLP is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year LLPs have to file very basic returns with ROC office.

What is LLP Agreement?

LLP Agreement is byelaws or rules based on which important matters like main business of the LLP, capital or meetings is decided. This is a standard legal document prepared by Company Secretaries during registration of LLP.

Can we change office address of LLP after Incorporation?

Yes, LLP office address can be changed anytime after incorporation.


Expert Consultation & Advice

Name Search & Approved

DSC for 2 Partners

DIN for 2 Deligated Partners

LLP Agreement

Government Fees Payment

LLP Registration Certificate


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