Limited Liability Partnership | MyCompanywala

Limited Liability Partnership

INR 5,999

  • Digital Signature Code(DSC)
  • Designated Partner Industrial Number(DPIN)
  • LLP name reservation
  • Certificate in Corporation(COI)
  • PAN
  • TAN
  • Registered LLP Agreement
  • 100% Money Back Gurantee
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Limited Liability Partnerships

Limited liability partnerships (LLPs), where the liabilities of each party are limited to the sum of their company liabilities, allow for a relationship arrangement. To have business partners means to share the risk, leverage individual talents and knowledge and build an employee division.

A limited liability partnership (LLP) is a partnership with limited obligations between any or all partners (depending on jurisdiction). It can therefore show partner and business components. Each partner is not responsible for the wrongdoing or incompetence of another partner in an LLP. This is a major difference from the conventional UK Partnership Act 1890, in which each partner has a (but not several) shared obligation. This is an essential difference. A limited liability of an LLP is identical to that of the owners in one company with any of more partners. In comparison, company owners must elect a board of directors under legislation regulating different State charters. Unlike shareholders, the partners have the right to personally administer a corporation.

The Board of Management organises itself (also in compliance with the rules of the various state charters) and recruits corporate officers who are legal persons to administer the organisation in the best interests of the company. An LLP also has a tax responsibility standard separate from that of an individual firm.

Limited liability partnerships may vary from those in other countries, allowing limited liability to all LLP partners, while limited liability partnerships may require at least one limitless partner to encourage others to act as a liability investor. This makes LLP more appropriate in these countries for companies in which all owners tend to play an active role in management.

What is the difference between a limited liability partnership and a limited liability company?


Partnership agreement. Partnership agreement. The mechanism for deciding the management framework is another discrepancy between the two organisations. The LLC should only have one participant, as stated, whereas the LLP could have at least two partners. An LLC is run by its members in compliance with its operating agreement.


INR 5,999
For Traditional Businesses
  • 2 Partners
  • 1 LLP Agreement
  • 1 PAN + 1 Tan Card


INR 8,999
StartUp / Investor Friendly
  • 2 Directors
  • 1 MOA + 1 AOA
  • 1 PAN Card + 1 TAN Card


INR 5,499
For Sole Founders
  • 1 Digital Signature
  • 1 ShareHolder
  • 1 PAN Card + 1 TAN Card


INR 19,999
For Sole Founders
  • 1 Digital Signature
  • 1 ShareHolder
  • 1 PAN Card + 1 TAN Card

*Stamp duty Vary State to State
* NRI/Foreign Directors,Charges are extra


Documents Required


Only Scanned Copies are needed, Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving


ID Proof

Scanned copy of PAN Card of all directors and Aadhar card/ Voter ID/ Passport/ Driving License


Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months



Latest passport size photograph


Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)

How long does it take?

3-4 DAYS


What do you get


Everything to open a bank account and Start your business



Digital signature for two directors to digitally sign the documents


PAN Acknowledgment

PAN Acknowledgment can be used to apply for PAN number


Incorporation Certificate

Certificate of incorporation bearing company's registration number and details


TAN Acknowledgment

TAN Acknowledgment can be used to apply for TAN number

Any Question?
Call us on +91-77038-33927


Compare your options

Private Limited Limited Liability Partnership One Person Company Partnership Firm Sole Proprietorship Public Limited Company
Recommended For Start-ups and growing companies Professional services firms Sole promoters Home businesses Small traders and manufacturers Growth Stage and also for early stage with broad business vision
Ease of Accommodating Investment Very easy to accommodate Possible, but unlikely Possible, but severely unlikely Almost impossible Impossible Very easily
Limited Liability Protection Yes Yes Yes No No Yes
Tax Advantages Few benefits Most efficient Few benefits Minimal Minimal Minimal
Perpetual Existence Yes Yes Yes No No Yes
Statutory Compliances High Low High Minimal Minimal Yes
Shares Listing Yes

Frequently Asked Questions

Limited Liability Partnership is a corporate entity registered under Limited Liability Partnership Act, 2008. It is a form of partnership firm that enjoys limited liability. It is a hybrid form of a partnership that includes the features of a company. Compliances for a company are applicable to LLP.

Exercises including saving money, investment, stock trade, resource administration, shared store, engineering, shipper keeping money, securitisation and recreation, chit support and non-managing an account budgetary exercises require the earlier consent from the administrative body.

.If he is declared unsound mind by the prescribed court.
.Is undischarged insolvent
.Has applied for insolvency and application is pending.

Indeed. Given least one accomplice is required to be an Indian national and inhabitant in a past schedule year.

Outside Direct Investment is affirmed under the programmed course where 100% FDI is allowed. In Electronic System Design and Manufacturing( ESDM ) Sector, 100% FDI is permitted in LLP under the administration course is endorsed, nonetheless, an interest in assembling of guard hardware and Brownfield interests in therapeutic gadgets making are not permitted. In a Government Route, the applications are considered by the Foreign Investment Promotion Board (FIPB).

Only one designated partner is required to file DSC for e-filing purposes.

Yes, there is no such legal constraint in the LLP Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a partner in an LLP during the employment.

A current organization firm can be changed over into LLP by conforming to the Provisions of proviso 58 and Schedule II of the LLP Act. Shape 17 should be documented alongside Form 2 for such transformation and fuse of LLP.

LLP Act, 2008 and Companies Act, 2013, both do not have any provision regarding the conversion of an LLP into a Private Limited Company. You can only incorporate a new private limited company with the same name for which a no objection certificate is required by the LLP.

No, the entire fuse process is on the web. You can send the filtered duplicate of all the required consolidation reports by means of email. Every one of the structures and archives are documented electronically and even marked carefully.

As per LLP Act, 2008 a minimum of two partners can incorporate an LLP. There is no maximum limit for the partners.

The rights and obligations of an assigned accomplice are represented by LLP Agreement executed between them according to the Act.

Yes by filing Form 27 with the ROC a foreign LLP can establish a business in India. The form shall include details of Foreign LLP incorporation, designated partners and minimum two authorized representatives for compliances under Act.

Stamp obligation is payable under State Stamp Act of the state in which the LLP is enlisted. Stamp obligation on LLP Agreement isn't to be paid on MCA entry.

As per the general rule, every designated partner of an LLP must also be the partner of an LLP. However, there are some exceptions to the general rule:
.If the partners of the LLP are a body corporate then in such case the nominees of the bodies corporate can act as a designated partner.
.If the LLP agreement specifies certain persons to be a designated partners in an LLP without being a partner in the same LLP than such people can act as a designated partner.

Yes. The execution and filing of the LLP Agreement are mandatory under the Act.

You needn't bother with an appropriate office to consolidate a LLP. You can enlist your private address as an enrolled place of your business with MCA for which some address evidence alongside the NOC (No Objection Certificate) must be recorded with the endorsed shape.

In the absence of LLP Agreement provisions of Schedule I to the LLP Act, 2008 are applicable. Provided the agreement is mandatory if you want to exclude few provisions of Schedule I or wish to exclude it completely.

.Incorporation of LLP involves low cost
.It inhibits the features of both a partnership firm and a company.
.Unlike a company, LLP can be formed with minimum two designated partners without any maximum limit.
.Audit is not mandatory unless an LLP has a turnover less than Rs.40 lakhs and capital contribution less than Rs. 25 lakhs
.Personal assets of the partners are secured, as LLP have the feature of limited liability. As compared to the traditional partnership, liability of each partner is limited to his share as mentioned in the agreement.
.LLP is not required to file taxes; only partners individually have to file their taxes.
.Fewer compliances as there is no requirement to maintain any statutory records except books of accounts.

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