A Limited Liability Partnership (LLP) is a legal business entity where two or more partners
manage the business together, and their liability is limited to their contribution. LLPs are
governed by the LLP Act, 2008 and registered with the Ministry of Corporate Affairs
(MCA).
Discover the key advantages that make LLP the preferred choice for modern businesses
Partners' liability is limited to their contribution
LLP can own property and enter contracts in its name
No strict requirements for board meetings or resolutions
Start with any amount of capital
Quick registration process with minimal documentation
Find out if GST registration is mandatory for your business or if you can benefit from voluntary registration
Everything you need to get started
It typically takes 10-12 working days, subject to document submission and approvals.
Yes, conversion is possible following the prescribed legal procedure.
No, but LLP is highly recommended as it provides limited liability protection.
There is no minimum capital requirement. You can start with any amount.
Minimum 2 partners, and there is no maximum limit.