An LLP combines the benefits of a partnership with limited liability protection. It is ideal for professionals, consultants, and small businesses. LLPs have lower compliance requirements compared to Pvt Ltd companies and no mandatory audit requirement for turnover below Rs.40 lakhs.
Key Benefits
Limited liability for all partners
Lower compliance than Pvt Ltd
No mandatory audit below Rs.40 lakhs turnover
Flexible profit-sharing ratio
Suitable for CA, CS, lawyers, architects
Lower registration cost
Documents Required
- PAN and Aadhaar of all partners
- Passport size photograph of all partners
- Address proof of partners
- Proof of registered office address
- LLP Agreement (we prepare this)
Our Process
Frequently Asked Questions
How many partners are needed?
Minimum 2 designated partners and no maximum limit. At least one designated partner must be a resident of India.
Can an LLP be converted to a company?
Yes. An LLP can be converted to a Private Limited Company under Section 366 of the Companies Act 2013.
Talk to Our Experts
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