Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) is a contemporary and advantageous business structure. Blending the strengths of partnership dynamics and the security of limited liability, an LLP offers a versatile platform for entrepreneurs to collaborate and innovate confidently.

Getting your LLP registered in India is super easy with us. Many businesses trust us to help them register their Limited Liability Partnerships and ensure they follow the rules. Our team of experts will guide you through the online registration process from beginning to end. It's the faster and cheaper way of LLP company registration, all you have to do is just reach out to us. Start now and set yourself up for a successful business future with LLP registration online.

What is an LLP?

A Limited Liability Partnership (LLP) is a unique type of business setup that blends a partnership's and a company's features. In an LLP, partners enjoy limited liability, similar to shareholders in a company, while also benefiting from the flexibility and simplicity of a partnership. This arrangement grants the LLP its legal identity, allowing it to take legal actions and be subject to legal actions separately from its partners.

LLPs have become popular among entrepreneurs in various industries because they shield partners' assets and have more straightforward regulatory requirements than traditional corporations. The concept of LLP was introduced in India in 2008 and is governed by the Limited Liability Partnership Act, offering a dependable and adaptable option for businesses of all sizes.

LLP Registration Prerequisites and Eligibility Conditions

To qualify for the LLP company registration in India, you must adhere to the subsequent criteria:

• Minimum of Two Partners: Establishing a Limited Liability Partnership in India necessitates a minimum of two partners, with no upper threshold on the maximum number of partners.
• Designated Partners: Within the partnership framework, at least two selected partners are obligatory, and they must be natural individuals. At least one of these designated partners must also maintain residency in India for an LLP incorporation.
• Nomination for Body Corporate Partner If a body corporate assumes the role of a partner, the designation of a natural person must act as its representative.
• Agreed Contribution: Each partner is required to contribute the shared capital of the LLP, as stipulated and agreed upon.
• Minimum Authorized Capital: To register LLP, it is mandated to possess an authorized capital of at least Rs.1 lakh.
• Indian Resident Designated Partner: At least one designated partner of the LLP must hold a resident status in India.

By satisfying these prerequisites, you can progress with the LLP company registration in India and avail the advantages bestowed by this business structure.

Tax Rates

Limited Liability Partnerships (LLPs) are liable to pay income tax at a standard fixed rate of 30% on their generated earnings.

A surcharge is levied for income above the specified limits. For taxable income exceeding ₹1 Crore (Indian Rupees), a surcharge of 12% is applied in addition to the regular income tax amount. 

Health and Education cess at 4% shall also be levied on the amount of income tax plus surcharge (if any).

For detailed understanding of LLP registration and its benefits reach us @ +91 - 7405139809.