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Limited Liability Partnership (LLP)

A business model that safeguards partners while empowering growth.

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    What is a Limited Liability Partnership

    A Limited Liability Partnership (LLP) is a modern business structure that blends the features of a traditional partnership with the benefits of limited liability, similar to a private company.

    In an LLP, two or more partners come together to run a business, but unlike in a normal partnership, each partner’s liability is limited to the amount they contribute. This means personal assets of partners are protected – they are not personally responsible for business debts or actions of other partners.

    LLPs are regulated by the Limited Liability Partnership Act, 2008 (in India) and must be registered with the Ministry of Corporate Affairs (MCA). They have a separate legal identity, which means the LLP can own property, enter contracts, sue, or be sued in its own name

    Key Features of a Limited Liability Partnership

    • Separate Legal Entity – The LLP is legally independent from its partners and can own assets, enter into contracts, or sue in its own name.

    • Limited Liability – Partners are liable only to the extent of their contribution; personal assets remain protected.

    • Minimum Requirements – Requires at least 2 partners; no upper limit on the number of partners.

    • Perpetual Succession – The LLP continues to exist irrespective of changes in partners.

    • Flexible Management – Partners can directly manage the business without strict formalities like in companies.

    Why Choose a Limited Liability Partnership ?

    • Limited Liability Protection – Safeguards partners’ personal assets from business debts.

    • Flexible & Simple Structure – Easy to manage with fewer legal formalities than companies.

    • Cost-Effective – Lower compliance and maintenance costs make it budget-friendly.

    • Perpetual Succession – The LLP continues even if partners change, ensuring stability.

    Documents Required for Limited Liability Partnership Registration

    1. Identity Proof (Any One of the Following):

    • PAN Card (mandatory for Indian nationals)

    • Passport (for foreign nationals)

    • Aadhaar Card / Voter ID / Driving License

    2. Address Proof (Any One of the Following):

    • Recent Bank Statement (not older than 2 months)

    • Utility Bill (Electricity / Telephone / Mobile, not older than 2 months)

    • Aadhaar Card / Driving License

    3. Passport-size Photographs:

    • Latest, clear photographs of all designated partners.

    4. Proof of Registered Office Address:

    • Electricity Bill / Water Bill / Property Tax Receipt (not older than 2 months)

    • Rent Agreement (if the property is rented)

    • No Objection Certificate (NOC) from the property owner

    5. For Foreign Nationals (if applicable):

    • Passport (Notarized & Apostilled)

    • Address Proof (Notarized & Apostilled)