A hybrid structure combining the flexibility of a partnership with the limited liability protection of a company. Partners are not personally liable for the LLP's debts beyond their agreed contribution.
Professional firms (CA, CS, consultants), and small-to-mid businesses that want liability protection without the compliance burden of a full private limited company.
Ministry of Corporate Affairs (MCA), LLP Act 2008
PAN & Aadhaar of designated partners; ID and address proof; passport photos; registered office proof (rent agreement/NOC/utility bill); Digital Signature Certificate (DSC); DPIN/DIN details for designated partners.
Two designated partners, at least one of whom must be resident in India.
Yes, it must be filed with the Registrar within 30 days of incorporation.