Limited Liability Partnership

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What is a LLP?

It is a hybrid business structure that combines elements of both partnerships and companies, providing the benefits of limited liability to its partners while allowing for flexible management.

Eligibility Criteria for LLP Incorporation in India:

1. 2 To Unlimited Partners

2. 2 to 15 Designated Partners

3. One Resident Partner

4. Pre Defined Contribution

5. Legal Object of Activity

Benefits of a Limited Liability Partnership:

1. Tax Exemptions

2. Legal Recognition

3. Preferred by Creditors

4. Lower Compliances

5. Flexible to Manage

DOCUMENTS REQUIRED FOR LLP INCORPORATION:
  • Electricity Bill for registered office of the company
  • Identity proof of all members of LLP( Self attested Adhar card/voter id/Driving Licence/Passport )
  • Residential proof( self attested Bank statement/telephone bill/gas bill/ phone bill)
  • Email id and Contact number of all members
  • Passport Size photo of all Partners
Timeline :- 7-10 Working days

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