An LLP combines the flexibility of a partnership with a separate legal identity and limited liability, subject to applicable law. It is suitable for businesses looking for a structured partnership.
Partners generally receive protection from LLP liabilities, subject to applicable law and its exceptions.
Define partner responsibilities, profit sharing and management arrangements through an LLP agreement.
An LLP is a legal entity distinct from its partners and can own property and enter contracts in its own name.
The LLP can continue as a legal entity despite changes in partners, subject to applicable law.
Assistance with incorporation documents and applicable registration formalities.
Official incorporation certificate issued after approval.
Assistance documenting partner rights, duties, contributions and profit-sharing terms.
Guidance on digital signature requirements for applicable electronic filings.
Assistance with applicable partner identification and incorporation documents.
The process depends on document readiness, name availability and the relevant authority's processing.
Review partner details, identity proofs and applicable digital signature requirements.
Check the proposed LLP name and complete the applicable name reservation process.
Prepare and submit the applicable incorporation forms and supporting documents.
Complete the applicable LLP agreement formalities and review initial post-incorporation compliance requirements.
An LLP requires at least two partners under the applicable LLP framework.
At least two designated partners are generally required, subject to applicable residency conditions.
Partners must provide the identity, address and other documents applicable to their circumstances.
An eligible registered office address and supporting documentation are required.
The final checklist depends on the partners and registered office arrangement.
PAN details for applicable Indian partners.
Accepted identity documentation for each partner.
Applicable address proof for partners and designated partners.
Supporting photographs and declarations where required.
Applicable utility bill or other accepted address evidence.
Ownership records or applicable rent or lease documents.
Property owner's consent where required.
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