Limited Liability Partnership
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What is a Limited Liability Partnership?
A Limited Liability Partnership (LLP) is a modern business structure that combines the flexibility of a traditional partnership with the limited liability benefits of a company. Each partner’s liability is limited to their agreed contribution, protecting personal assets from business debts or losses.
Why Choose an LLP?
An LLP is ideal for professionals, consultants, and small business owners who want a simple yet legally recognized structure with fewer compliance requirements.
Key benefits include:
• Limited liability protection for all partners.
• Separate legal identity, enabling the LLP to own property and enter contracts.
• Flexible internal structure without strict corporate formalities.
• Lower compliance cost compared to a Private Limited Company.
• Perpetual succession, ensuring continuity of the business.
Deliverables *
• Certificate of Incorporation issued by the Registrar of LLPs.
• LLP Agreement drafted to reflect your business and partner terms.
• LLPIN, PAN, and TAN registration assistance.
• Digital Signature Certificates (DSCs) for designated partners.
• Checklist of mandatory annual filings and compliance requirements.
• Legal consultation on partner rights, liabilities, and ongoing obligations.
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