LLP Registration

Additional Information

LLP registration is most suitable for trading and family owned businesses. LLP has almost all the qualities of a Private limited company but the ease of Partnership firm. It is easy and cheaper to maintain than a Private Limited Company

The main features of a Limited Liability Partnership are:

  1. Limited liability unlike partnership firm which has a unlimited liability
  2. They are very easy to maintain
  3. Completely online process

The disadvantages of the LLP are:

  1. You cannot raise funds through equity shares in LLP
  2. LLP cannot be converted into Private Limited

The documents required for LLP registration are as follows

The documents required from the partner and shareholders are:

  • Pan Card
  • Aadhar card/Passport/ License
  • Bank Statement/ Mobile Bill / Utility Bill having address

Documents required of the proposed registered address are as follows:

  • Electricity bill/Other Utility Bill of the proposed registered address
  • NOC or rent agreement from the owner of the premises (Even if the partner is owner of the property NOC is needed from him)

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LLP registration is best suited for family owned businesses. raising funds is difficult in LLP. LLP cannot be converted in Private Limited company.

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