LLP Registration services

A Limited Liability Partnership (LLP) is a business structure governed by the Limited Liability Partnership Act, 2008. It offers limited liability protection to its partners. An LLP requires a minimum of two partners, with no minimum capital investment, and at least one partner must be a resident of India (i.e., having stayed in India for at least 182 days). LLPs are commonly chosen for small businesses in India. However, due to their structure, LLPs cannot issue equity shares and therefore cannot raise funds from the general public. You can register an LLP with us quickly and hassle-free.

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Advantages of LLP

Distinct Legal Recognition

An LLP is recognized as a separate legal entity, meaning the partners and the LLP are independent of each other in the eyes of the law.

Raising Capital / Funding

While financing a small business such as a sole proprietorship or partnership can be challenging, an LLP, being a regulated entity like a company, is better positioned to attract funding from private equity investors, financial institutions, and others.

No Mandatory Audit Requirement

LLPs are only required to have their accounts audited if the annual turnover exceeds ₹40 lakhs or the capital contribution surpasses ₹25 lakhs. In other cases, an audit is not mandatory.

Taxation Benefits

LLPs are exempt from paying surcharge on income tax and are not liable to pay tax on profits distributed to partners. In contrast, companies are required to pay dividend distribution tax on profits shared with shareholders

Easy Transfer of Ownership

Ownership in an LLP can be transferred smoothly as per the terms of the LLP Agreement, allowing for the exit of existing partners and the inclusion of new ones.

Perpetual Succession

An incorporated LLP enjoys perpetual succession. Regardless of any changes in its partners, the LLP continues to exist as the same legal entity with unchanged rights, assets, and privileges.

Frequently Asked Questions

The registration of Limited Liability Partnerships (LLPs) in India is governed by the Limited Liability Partnership Act, 2008, under the regulations and guidelines issued by the Ministry of Corporate Affairs (MCA).

Yes, LLPs in India can attract foreign investment. Registered LLPs are permitted to receive funding from foreign investors, including angel investors. Experts consider this one of the major advantages of setting up an LLP in the country.

Typically, it takes about 12–15 days for the authorities to complete the LLP registration process in India. The expert CA team at Digiastra  strives to ensure the procedure is completed within this timeframe.

 
 
 
Unlike other forms of company registration, incorporating an LLP in India does not require any minimum capital. According to market experts, this is considered one of the key advantages of registering an LLP.
Yes, an LLP can become a partner in another LLP, as it is recognized as a separate legal entity under the provisions of the Limited Liability Partnership Act, 2008.
Yes, every LLP must have a registered office address in India at the time of incorporation. This address will be used for official communication and to receive legal or regulatory notices.