Business Registration
A partnership with limited liability and lighter compliance than a company.
Overview
A Limited Liability Partnership (LLP) is governed by the LLP Act, 2008 and registered with the Ministry of Corporate Affairs. It gives partners limited liability while keeping the flexibility of a partnership in how the business is run and profits are shared.
An LLP is a separate legal entity. Its internal rules — capital contribution, profit sharing, decision-making, admission and exit of partners — are set out in the LLP agreement, which makes that document especially important.
Compliance for an LLP is generally lighter than for a company, which makes it a popular choice for professional firms, consultancies and service businesses that do not plan to raise equity from outside investors.
Who is this for?
Two or more partners who want limited liability without a company's full compliance load.
How AAVKARSETU helps
Benefits
Partners are generally not personally liable for the LLP's obligations beyond their agreed contribution.
Partners decide how the business is run through the LLP agreement.
Fewer mandatory formalities than a company, with audit required only above specified thresholds.
The LLP can own property and enter contracts in its own name.
What's included
Documents
The exact list depends on your business type and situation — we share a checklist specific to you.
Process
We understand your business and confirm that llp registration is the right fit.
Share your business details and we confirm which registration fits.
We prepare the application and a document checklist with you.
We file it and keep you updated until the authority processes it.
Final decisions on registrations, certifications, loans and grants rest with the authority, lender or programme concerned. We help you prepare and apply the right way.
FAQs
At least two designated partners, who must be individuals, and at least one of them must be resident in India. There is no upper limit on the number of partners.
An LLP cannot issue shares, so equity investors usually prefer a private limited company. LLPs typically fund themselves through partner contributions and loans.
Yes, conversion is possible under the Companies Act, subject to conditions. If you expect to raise equity soon, it may be simpler to start as a company.
Mainly the Statement of Account and Solvency (Form 8) and the Annual Return (Form 11), along with income tax filings and partner KYC.
The structure you register shapes liability, compliance, taxation and how easily you can raise money. Here's how the three most common options compare.
Free consultation
Tell us about your business and we'll help you work out what it needs next.
