How to Register an LLP in India: Process, Documents and Benefits
Limited Liability Partnership (LLP) is one of the most preferred business structures in India for entrepreneurs and professionals who want to combine the benefits of a partnership and a private limited company. Introduced under the Limited Liability Partnership Act, 2008, an LLP offers the flexibility of a partnership while providing limited liability protection to its partners. This business form is ideal for startups, small and medium enterprises, and professional firms like CA, CS, lawyers, and consultants who prefer minimal compliance and liability protection. In this article, we’ll discuss in detail how to register an LLP in India, the step-by-step process, required documents, and the benefits of forming an LLP. 1. What is an LLP? A Limited Liability Partnership (LLP) is a hybrid business entity that merges the characteristics of both a partnership and a private limited company. It provides limited liability to its partners, meaning the personal assets of partners are p...