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Limited Liability Partnership(LLP) is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since, LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its lifecycle.

Reasons to incorporate a Limited Liability Partnership:

• Easily Setup and recommend to Growing Startups
• Private Investment
• Continuity of existence
• Limited liability & Less legal restrictions
• High Borrowing Capacity
• Audit not require (if it has less than Rs. 40 lakhs of turnover and less than Rs.25 lakhs of capital contribution)
• Easy to sell business for a company than any other business form
• Capacity to & be sue
• Corporate governance

Steps taken to Register Limited Liability Partnership in India:

Time Period to Incorporate a Limited Liability Partnership?

A Limited Liability Partnership registration can be completed in 10-20 days. The time taken for registration depends on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, it is recommended to choose a unique name for your Company and ensure that you have all the required documents prior to starting the registration process.

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FAQ Series on LLP Registration

1. Can we register our LLP at our Home Address ?

Yes, you can register your llp at your residential address.

2. How much cost for the llp registration ?

Its costing depends on contribution by partners.

3. How many days takes for the llp registration ?

Its takes minimum 10 to 20 days or more depend on state roc department.