LLP Registration: Complete Guide#
What is LLP?#
Limited Liability Partnership combines partnership flexibility with company-like protection.
Key Features#
- Minimum 2 partners
- No maximum limit
- Limited liability
- Flexible management
- Separate legal entity
LLP vs Private Limited#
| Feature | LLP | Private Limited |
|---|---|---|
| Members | Partners | Shareholders |
| Minimum | 2 | 2 |
| Capital | No minimum | ₹1 lakh |
| Compliance | Lower | Higher |
| Tax | Partnership tax | Corporate tax |
Registration Process#
- Obtain DSC for partners
- Apply for DIN
- Name approval
- File incorporation form (FiLLiP)
- Get LLP agreement
- ROC registration
Documents Required#
- Partner identity proofs
- Address proofs
- Registered office proof
- LLP Agreement
Advantages#
- Lower compliance
- Tax efficiency
- Limited liability
- Easy transfer of ownership
Conclusion#
LLP is ideal for small businesses and professionals.