A Limited Liability Partnership combines the flexibility of a partnership with the benefits of limited liability. Register your LLP with Acculex in 10–15 working days.
A Limited Liability Partnership (LLP) is a body corporate formed under the LLP Act, 2008. It gives partners limited liability while retaining flexibility in operations.
An LLP is a hybrid entity — it has features of both a partnership and a company. Partners are not personally liable for the misconduct or negligence of other partners. It's ideal for professionals (CA firms, law firms, architects) and small businesses.
| Feature | LLP | Pvt Ltd |
|---|---|---|
| Min. Members | 2 Partners | 2 Shareholders |
| Liability | Limited | Limited |
| Compliance | Low | Higher |
| Audit | Only if turnover > ₹40L | Mandatory |
| Dividend Tax | No DDT | Applicable |
| Ideal For | Professionals | Startups/SMEs |
Partners' personal assets are protected from LLP's liabilities.
Fewer annual filings compared to a company. No mandatory audit below ₹40 lakh turnover.
No restrictions on profit sharing or management structure.
LLP continues to exist irrespective of change in partners.
LLP is taxed as a firm — no dividend distribution tax.
Simple, transparent, and fully online — we make compliance easy.
Apply for LLP name through RUN-LLP (Reserve Unique Name) on MCA portal.
Obtain Designated Partner Identification Numbers (DPIN) and Digital Signature Certificates.
LLP Agreement specifying rights, duties, and profit-sharing ratio of partners is drafted.
Form for Incorporation of LLP (FiLLiP) is filed on MCA portal with required documents.
MCA issues LLP Incorporation Certificate with LLPIN.
File LLP Agreement in Form 3 within 30 days of incorporation.
Keep these documents ready for a smooth and fast process.
PAN Card of all partners
Aadhaar Card of all partners
Photograph of all partners
Address proof of partners
Registered office address proof
NOC from owner
Rent agreement (if applicable)
Utility bill of registered office
Everything you need to know before getting started.
Expert CS/CA assistance for LLP registration, agreement drafting, and annual compliance.