LLP’s are similar to Private Limited Companies with regard to compliance and operational requirements.If you want to start a business then it is best suitable for you.
There are many benefits associated with it. The main reason why people choose to register an LLP when considering their company registration in India is that it implies that even with business partners replacing their rights & liability the interests remain unchanged.
If you want to register your company for conducting a small business then LLP formation in India is the best route for you as it grants limited liability.
The main reason that LLP’s are so widespread in India is that the partners do not have to be mutually responsible for the problems that arise due to the other partner. This is one of the major problems that we see in many partnership companies.
It also offers you many benefits such as no minimum capital required, easy company corporation, tax benefits and so on. All these things are very much beneficial for you.
You need a minimum of 2 partners for LLP registration in India. There is no limit on the number of partners that are present at the time of company registration.
Registering your business as a limited liability partnership has many benefits, here are some of the best ones for your knowledge.
In case of LLP’s company registration and compliances are at a much lower rate. That’s why people prefer to get registered in LLP’s.
In LLP, the owner and the company are considered as two separate legal entities.
Company incorporation as an LLP means that it is a separate legal entity from the owner.
When you pursue a company registration in India as an LLP, then it ensures that the owner’s personal aspects are not in danger even if the company is financially loss.
Save upto 5% cost on this package
(inclusive of all taxes)
Save upto 10% cost on this package
(inclusive of all taxes)
Save upto 15% cost on this package
(inclusive of all taxes)
For registering a limited liability partnership in India there needs to be a minimum of 2 partners and 2 directors. One director should be a resident of India.
There is no share capital required for starting an LLP:
Following documents are required for the Directors of the Company-
Additionally, the following is required for the Registered Office-
Here are some questions that will clear all the doubts that may arise in your mind about limited liability partnership.
It is our privilege to be a client of My Legal Clinic. Their financial, accounting and legal advisory services and support have been par excellence. On many occasions, they have gone beyond the call of duty to support Topline Group in India.
Group CEO, India at Topline Consulting Group
I formed my company with the help of My Legal Clinic. I am fortunate that I discovered My Legal Clinic which helped me to file all my compliances timely within my budget. It's highly recommended for startups like me for a smooth and comfortable journey regarding your company compliances.
Co-founder & COO, Aadishank Innovations Pvt. Ltd.
I have many digital ventures. All of them require legal documentation. My Legal Clinic is one portal where I can shop for what I need at a click of a button - exactly the way I like things to be. Highly recommended portal for serious business guys.
Managing Director, Nimble Informatics Pvt. Ltd.
Creating my own e-commerce venture was easy. The difficult part was getting all legal compliance met. I needed a service provider that could get everything done from a single window. My Legal Clinic is that service provider. Thanks to them, everything is set now.
Partner, Pehrawa Collection
My Legal Clinic makes business legal compliance a piece of cake. From your basic licenses to complex requirements, these guys can get it done and on time - something a busy person like me highly appreciates. I now have more time to focus on business.
Partner, Rental Packs
As a new business person, getting documentation done was really draining my energy. Thankfully, I discovered My Legal Clinic and got everything sorted out from one place. I highly recommend their services to every entrepreneur.
Freelance Marketing Consultant
I am a corporate communications consultant. Meeting the business compliance requirements and documentation is not my cup of tea. That's why I trust My Legal Clinic for every licensing and business accounting needs.
Corporate Communications Consultant
