LLP Registration

Home / Services / LLP Registration

BUSINESS STARTUP

Limited Liability Partnership (LLP)
Registration

The Limited Liability Partnership (LLP) integrates the ease of running a Partnership along with the separate legal entity status and limited liability aspects of a company.

Limited Liability Partnership (LLP) is a balanced structure, carrying benefits conventional partnership and still limiting personal liabilities of the partners. It is regulated as a contractual agreement between the partners under the Limited Liability Partnership Act, 2008. It has quickly become a popular choice for services and professional firms like Chartered Accountants, recruiting firms, consulting businesses, etc.

The process of LLP Registration in India is revamped by the Ministry of Corporate Affairs. A quicker process of LLP incorporation is made available on 2nd October 2018 as part of the ease of doing business initiative by the government. Experts at KAPG & Associates have helped hundreds of entrepreneurs with LLP registration process, in all major cities of India including Mumbai, Delhi, Bangalore, Kolkata Pune, Ahmedabad, Mathura and more. Our services have equally relevant reach within smaller cities and towns in the country.

Registration Process is Simple with

KAPG & Associates

Separate Legal Entity

LLP has it’s separate legal entity from it’s members. It is basically an artificial person which means it can sue some or it can be sued by someone it has it’s own set of liabilities and assets and it would run even without the members.

Limited Liability

LLP can enter into a contractual relationship in its own capacity, it offers an advantage to the partners for limiting their personal risk. Liability of financial contribution of any partner is restricted to the capital contribution as per the LLP agreement.

Less Compliance

A key benefit of registering an LLP over a private company is lesser compliance requirement. It doesn’t have a mandatory audit requirement until a certain level of turnover or contribution.

No Cap on Partners

As in the case of Pvt. Ltd. Company there can be maximum 200 members and in case of partnership firm there can be maximum 100 partners but there is no such limit or cap in case of LLP, you can have as many partner as you want.