Limited Liability Partnership

Limited Liability Partnership is solely for the professional services firms having limited liability protection for the partners providing instant success to the businesses. For larger businesses, Partnership firm has lost its significance with the introduction of the Limited Liability Partnership (LLP). As LLP holds the cost-effective partnership with the benefit of unlimited liability in which partners are not personally liable for business debts. The removal of partner or if partners leave, the business will sustain with other partners. The business can only dissolve if all the partners mutually agree upon the decision. Unlike Partnership, LLP is transferable as any person can instantly welcomed as a designated partner and the ownership can be easily transferred.In order to understand and choose the best business model, it is very important to understand the benefits and differences from proprietorship and partnership.

The normal partnership structure and LLP share the same features, when it comes to core management, distribution of profit and excise liabilities. However, it provides the partners less limited liability. The registration require LLP agreement mainly consists of management policies, addition of new partners, new policy creation strategies and details of partners and their shares and profits within the company.


  • Registration cost is Low
  • Partners are not liable for the loss caused in Business
  • Partners can not be Forced to pay the Business debts from their own Pocket
  • Complete protection of company name and can prevent others from using it.

Documents Required for Limited Liability Partnership Registration

Partner's Documents
  • Photo
  • PAN
  • Aadhar Card
  • Highest Qualification
  • Place of Birth
Registered Office Documents
  • Latest Electricity Bill of Business Address.
  • Rent Agreement of Business Address, If Rented
  • No Objection Certificate (NOC).
Other Information
  • Proposed Business Name.
  • Capital Contribution Amount
  • Profit & Loss Sharing Ratio
  • List of top 5 Business Products/Services