Limited Liability Partnership (LLP) registration combines the operational flexibility of a traditional partnership with the limited liability benefits of a company. It is governed by the LLP Act, 2008 and is an ideal choice for startups and small enterprises.
LLP registration offers a hybrid business structure combining the advantages of partnerships and private limited companies. It allows flexibility in management while protecting partners with limited liability. There is no minimum capital requirement, making it an accessible option for entrepreneurs.
Q: What is an LLP?
A: An LLP is a hybrid business structure combining partnership and company benefits.
Q: Who can register an LLP?
A: Any 2 or more individuals/corporates with at least 1 resident Indian partner.
Q: Is there a minimum capital requirement?
A: No, partners can mutually decide contributions.
Q: Can NRIs/Foreign nationals be partners?
A: Yes, if one partner is a resident Indian.
Q: How long does registration take?
A: Typically 10–15 working days depending on approvals.
Q: Can a partnership firm be converted to an LLP?
A: Yes, under provisions of LLP Act, 2008.