An LLP gives you the flexibility of a partnership with the legal protection of a company. Perfect for professionals, consultants, and small businesses.
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Each partner's liability is limited to their agreed contribution — personal assets stay safe.
LLPs have fewer compliance requirements compared to Pvt. Ltd. — no mandatory audits under ₹40L.
Partners can define their roles, profit-sharing, and responsibilities freely in the LLP Agreement.
An LLP has its own identity, can own property, sign contracts, and sue/be sued in its own name.
LLPs are not subject to Dividend Distribution Tax (DDT), making profit distribution tax-efficient.
New partners can join or exit with minimal legal formalities and documentation.
Designated Partner Identification Number (DPIN) and DSC are obtained for all partners.
We file for name reservation via the MCA portal and get your preferred LLP name approved.
Our legal team drafts the LLP Agreement defining rights, duties and profit-sharing of partners.
FiLLiP (Form for Incorporation of LLP) is filed along with address and partner details.
MCA issues the Certificate of Incorporation with your unique LLPIN number.
We apply for PAN and TAN of the LLP to enable bank account opening and tax filings.
An LLP has fewer compliance requirements and no DDT on profit distribution, while a Pvt. Ltd. is better for raising equity funding and scaling with investors.
Audit is mandatory only if turnover exceeds ₹40 lakhs or contribution exceeds ₹25 lakhs annually.
Yes, an LLP can be converted to a Private Limited Company under the Companies Act, 2013.
Designated Partner Identification Number is the unique ID for each designated partner of an LLP, similar to DIN for companies.
A minimum of 2 partners is required. There is no maximum limit on the number of partners in an LLP.
Yes, an LLP can have foreign nationals or foreign entities as partners, subject to FDI regulations.