+91 98777 35145

limited liability partnership

{Suitable for start-ups and new businesses looking for a regulated structure but less compliance; popular particularly among firms offering professional & skilled services}

takes around 7 days

6500 - onwards (applicable statutory/ government fees + applicable stamp duty as per respective state stamp act extra)

Limited Liability Partnership is like a partnership but an organized form of business like a company. It combines flexibility of a partnership with limited liability of a company. This is a well-organized form of business compared to traditional partnership.

Features

  • twin advantage of limited liability of a company & flexibility of a partnership
  • minimum 2 partners required
  • 2 partners to be ‘designated partners’
  • audit not required in certain cases
  • no minimum contribution specified
  • liability of partners is limited

Benefits

  • continued existence
  • minimum compliance
  • structured form of business
  • audit and required
  • easy transfer
  • separate legal entity

Have a Query?


TOTAL PACKAGE COST

fee calculation - limited liability partnership

1

Select State

2

Capital Contribution

3

No. of Directors

Legaldost Professional Fee 0

2 DIN

0

2 DSC

0

ROC Fee

0

Govt. Fees & Misc. charges

0

GST

Total Cost 0

Package Inclusions
DIN for 2 partners
DSC for 2 partners
name search & approval
LLP agreement
statutory fees
certificate of incorporation
filing of LLP agreement

Documents required

2 latest passport size photographs of every partner
copy of PAN card of every partner
copy of address proof (Voter Id, Passport, Driving License, Aadhar Card) of every partner
copy of Mobile bill, telephone bill, electricity bill or Bank Statement of every partner with present address
registered office address proof - Electricity Bill/Telephone Bill/other utility bill along with Rent Agreement/ ownership proof of proposed registered office
NOC from landlord (we will provide the format)

Registration process

The process of registration of LLP will take around 7 days depending upon the correct and proper documents received and time taken by the respective ROC to incorporate the LLP. We will start the process once we receive the payment and correct documents. Once registration is complete and full payment is made, we will send you all the documents including certificate of incorporation. Please note that once LLP is registered, signed LLP Agreement needs to be filed with ROC within 30 days of incorporation. Thereafter, late fees @ INR 100 per day is applicable.



The process of registration will include

     A Comparison- LLP with Company and Partnership 

Points of Difference

LLP

Partnership

Company

Control

LLP Act 2008

Partnership Act 1932

Companies Act 2016

Internal governance

LLP agreement

Partnership agreement

Articles of association

Registration

Compulsory

Optional

Compulsory

Perpetual succession

Yes

No

Yes

Ownership of property

Can own property in its name

Cannot own property in its name

Can own property in its name

Liability

Limited liability

Unlimited liability

Limited liability

Compliance

Less

Low

High

 

 

Note:-

  • Timeline starts from receipt of complete and accurate documents/ information
  • Timeline is subject to MCA site up and working
  • For every extra partner over 2, charges will be INR 2,000 extra per partner
  • In case of customized LLP Agreement, extra charges will be applicable
  • Stamp duty varies from state to state
  • Extra charges will apply for an early turnaround