Limited Liability Partnership (LLP) Registration
Get your LLP registered for just ₹8,251/- (inclusive of GST).
What’s Included in the Package:
- PAN & TAN Registration
- DIN and DSC for Partners
- Complete Documentation
- Personal Assistance
- PF and ESIC Registration
Book Service Now
@ ₹ 8,251 only /- ( Including GST )
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All Service Comparison: Proprietorship vs. Limited Liability Partnership (LLP) vs. Company
| Features | Proprietorship | Partnership | Limited Liability Partnership (LLP) | Company |
|---|---|---|---|---|
|
Definition |
A business owned and managed by a single individual. | A business structure where two or more individuals or entities share ownership, responsibilities, profits, and liabilities. | A hybrid structure that combines elements of a partnership and a company, offering limited liability protection to partners while allowing them to manage the business. | A separate legal entity distinct from its owners (shareholders), which can be either a private or public limited company. Shareholders have limited liability, and the company is governed by a board of directors. |
|
Ownership |
Sole ownership and management by one individual. | Joint ownership and management by two or more partners. | Managed by partners who have limited liability protection. | Owned by shareholders, managed by directors, and governed by corporate laws. Shareholders’ liability is limited to their investment. |
|
Registration Time |
Typically 7-15 working days. | Typically 7-15 working days. | Typically 7-15 working days. | Typically 7-15 working days. |
| Promoter Liability | Unlimited liability—personal assets can be used to cover business debts. | Unlimited liability—partners are jointly and severally liable for business debts. | Limited liability—partners’ personal assets are generally protected. | Limited liability—shareholders’ personal assets are generally protected. |
| Governance | Governed by local laws. | Governed by the Partnership Act, 1932. | Governed by the LLP Act, 2008. | Governed by the Companies Act, 2013. |
| Compliance Requirements | Subject to compliance with income tax laws and applicable local regulations. | Subject to compliance with income tax laws and applicable local regulations. | Compliance with income tax laws, local laws, LLP Act, and other applicable regulations. | Compliance with income tax laws, local laws, Companies Act, and other applicable regulations. |
| Taxation | Income is taxed at the individual's income tax rates. | Income is generally taxed at the individual partners' income tax rates. | Taxed as a partnership; partners are individually taxed on their share of profits. | Taxed at corporate tax rates. Shareholders are taxed on dividends received. |
This comparison provides a clear overview of the differences between Proprietorship, Partnership, LLP, and Company structures, highlighting their unique features, ownership patterns, governance, compliance requirements, and taxation.
LLP Registration Process
Fill the Form
Provide your basic details such as name, email, and contact number.
Submit Documents
Easily upload all required documents through our app or web dashboard, ensuring they are handled securely by our experienced team.
Our Operational Work
Once your DSC and DPIN are obtained and other formalities are completed by our team, we will keep you updated on the progress.
LLP Registered
Relax! We will share the Certificate of Incorporation (COI) issued by the Registrar, which confirms the official registration of your LLP from the date mentioned in the certificate.
Benefits of LLP Registration
- Limited Liability
The partners of an LLP have limited liability, meaning their personal assets are protected against business debts or legal liabilities. Their liability is restricted to their agreed contribution to the LLP, safeguarding their personal assets. - Separate Legal Entity
An LLP is recognized as a separate legal entity, distinct from its partners. It can own property, enter into contracts, and engage in legal actions under its own name, providing a clear distinction between the business and personal affairs of its partners. - Easy Formation and Maintenance
Registering an LLP is simpler compared to other business structures, such as companies. It requires minimal compliance and ongoing obligations, reducing administrative work and costs. - Flexibility in Ownership and Management
LLPs offer flexibility in terms of ownership and management. Partners can define profit-sharing ratios and decision-making processes as per their agreement. Adding or removing partners is also straightforward, governed by the LLP agreement. - No Minimum Capital Requirement
There is no minimum capital requirement to start an LLP. Partners can contribute capital as per mutual agreement, making it easier to start and manage the business with lower financial commitments. - Taxation Benefits
LLPs benefit from pass-through taxation, meaning the entity itself is not taxed. Instead, partners are taxed individually on their share of profits, avoiding the double taxation that companies may face. - Protection from Partner Misconduct
Partners in an LLP are protected from personal liability for the wrongful acts or misconduct of other partners. Each partner is only accountable for their own actions, providing added security. - Enhanced Credibility
Registering as an LLP improves the business's credibility and trustworthiness. It establishes a formal legal structure, which can be advantageous when dealing with clients, suppliers, lenders, and other stakeholders.
Registration Procedure of Limited Liability Partnership
- Check Name Availability
Verify the availability of your desired LLP name and ensure it aligns with your business goals. - Obtain DSC & DPIN
Secure a Digital Signature Certificate (DSC) and Director Identification Number (DPIN) for the partners to authenticate documents electronically. - File LLP Agreement
Draft and file the LLP Agreement, which outlines the rights and responsibilities of the partners. - Submit Form LLP-1
Complete and submit Form LLP-1 to officially register the Limited Liability Partnership. - Certificate of Incorporation (COI)
Receive the Certificate of Incorporation (COI) from the Registrar, signifying the official formation of the LLP. - Obtain PAN
Apply for and obtain a Permanent Account Number (PAN) for the LLP. - Obtain TAN
Register for a Tax Deduction and Collection Account Number (TAN) for tax-related compliance.
This step-by-step process ensures the seamless and legal formation of your LLP, providing you with a solid foundation for your business.
FAQs about LLP Company Registration
A Limited Liability Partnership (LLP) is a business structure that blends the advantages of both a partnership and a company. It offers partners limited liability protection, safeguarding their personal assets from business debts, while still allowing them to be actively involved in the management and decision-making processes of the business.
To register a Limited Liability Partnership (LLP), the following minimum criteria must be met:
- At least two partners, who can be individuals or corporate entities.
- A minimum of two designated partners (individuals) responsible for compliance and management.
- A registered office address within India.