Limited Liability Partnership (LLP)
What is an LLP (Limited Liability Partnership)?
- Minimum 2 partners are required (no maximum limit)
- At least 1 partner must be a resident of India
- The LLP has a separate legal identity from its partners
Benefits of LLP Registration in India
✅ Limited Liability – Personal assets of partners are protected
✅ Separate Legal Entity – LLP can own property, sue or be sued
✅ No Audit Required – Until ₹40 lakh turnover or ₹25 lakh capital
✅ Flexible Ownership – Easy to add/remove partners
✅ Lower Compliance Cost compared to Pvt Ltd companies
✅ Tax Benefits – No dividend distribution tax
✅ Perpetual Succession – Continues even if partners change
Limited Liability Partnership (LLP)
Looking for a flexible business structure with limited liability and minimal compliance? LLP (Limited Liability Partnership) is a modern business form that combines the benefits of a partnership and a company. At Aadesh Kumar & Associates, we help you register your LLP with 100% accuracy, expert legal guidance, and complete documentation support.
With 13+ years of experience, our team of Chartered Accountants, Company Secretaries, and Legal Advisors ensures your LLP is set up legally, efficiently, and in compliance with all MCA guidelines. An LLP is a legally registered business structure governed under the Limited Liability Partnership Act, 2008. It provides limited liability protection to partners, meaning their personal assets are safe, while still allowing them the flexibility of a traditional partnership.
FAQs – LLP Registration in India
Q. What is the minimum capital required for LLP?
There is no minimum capital requirement for starting an LLP in India.
Q. Is audit mandatory for LLP?
Audit is not required unless turnover exceeds ₹40 lakh or capital exceeds ₹25 lakh.
Q. Can LLP raise funds from investors?
LLPs cannot issue equity shares; fundraising is limited to partners’ contributions or loans.
Q. Can an LLP be converted to a Private Limited Company?
Yes, subject to certain legal processes and approvals.
Q. Do LLPs need to file annual returns?
Yes, LLPs must file Form 11 and Form 8 annually with MCA, even if there’s no business activity.
