Limited Liability Partnership (LLP) Registration – An Overview
A Limited Liability Partnership (LLP) is a modern business structure in India that offers the benefits of limited liability to its partners while allowing flexible management. LLP is ideal for startups, professionals, and businesses looking for credibility, limited risk, and ease of operations. Registering your LLP enables you to enter into contracts, open business bank accounts, obtain GST registration, and enjoy recognition under the LLP Act, 2008.
Limited Liability Protection:
Partners' personal assets are protected, and liability is limited to their contribution in the LLP.
Separate Legal Identity:
The LLP is a distinct legal entity that can own assets and enter into contracts in its own name.
Flexible Management & Compliance:
LLPs have less compliance than private limited companies while offering scalability and legal recognition.
Documents Required for LLP Registration
To successfully register your LLP in India, the following documents are required:
PAN Card of All Partners
Aadhaar Card or Address Proof of All Partners
Passport-size Photographs of All Partners
Address Proof (Electricity Bill/Rent Agreement) of Registered Office
No Objection Certificate (NOC) from Property Owner
Mobile Number and Email IDs of All Partners
LLP Registration Timeline
The timeline for getting LLP registration approval is generally 7 to 10 working days. Completing the entire process, including PAN, TAN, and LLP Agreement filing, may take around 15 to 20 days.
Frequently Asked Questions
- What is a Limited Liability Partnership (LLP)?
- Is Registration Mandatory for LLP?
- Can I Convert LLP into Private Limited Company Later?