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Limited Liability Partnership is a common form of business formation used by professional service providers such as lawyers, consultants, accountants, small and medium-sized (SME) enterprises, and start-ups. As the name suggests, an LLP offer two primary benefits – limited liability for partners and tax benefits. This formation also helps businesses avoid corporation tax, however, members pay income tax on their share of profits, ensuring tax efficiency.
LLPs require minimum capital investment, making them a cost-effective option for new entrepreneurs or startups. They are also an ideal choice due to the minimum compliance adherence and ease of maintenance.
Register your LLP in India with our trusted professionals! Stratrich offers comprehensive services for establishing, managing, and growing your LLP. We handle all documentation and compliance for the LLP company formation, ensuring a smooth and hassle-free setup.
The key feature of an LLP is that it represents a unique form of business entity that combines the benefits of both partnerships and corporations.
Our initial consultation starts with an analysis of your business ownership, structure and operations. This activity is conducted to determine the suitability of your entity for Limited Liability Partnership (LLP) formation.
We start the formation process of your new LLP with the preparation of company documents, including the LLP deed, and others. These documents are required for the LLP incorporation and must be signed by all the partners.
After submission of the required documents and approval, you will receive the certificate of LLP incorporation. We ensure you obtain the registration documents and incorporation certificate.
We will guide you on the post-registration steps such as bank account formation and fulfilment of compliance requirements that need to be followed routinely and annually for maintaining the LLP.
Limited Liability Partnership is a preferred option for start-ups and SMEs who prioritise management flexibility, operational efficiency and limited compliance. Here are some reasons why choosing LLP for your company formation is a more viable option.
LLPs offer partners limited liability, meaning their assets are safeguarded from the company’s debts and liabilities.
LLPs are subject to lower and easier compliance regulations as compared to other business structures.
LLPs offer the ease of transferring ownership or including new partners. The exit of any of the partners does not impact the existence of the company.
LLPs are taxed as partnership firms and hence, do not have to pay corporate tax. The profits are passed on to the partners, who pay taxes at individual levels.
LLPs are not mandated to maintain any capital at the time of incorporation.
Stratrich offers one-stop consulting solutions to businesses looking for LLP formation. We offer assistance for setting up a competitive LLP company in India within an optimum time frame. We offer the following services:
Stratrich offers comprehensive LLP registration services. Our professionals offer expert guidance at every step of the LLP registration process.
1 – 3 Days
DSC
Digital Signature is obtained for the Partners.
1 – 7 Days
Name
Name approval is obtained for the LLP from Government.
1 – 7 Days
Incorporation
Incorporation application is filed with the Government.
3 – 4 Days
Certificate of Incorporation
Certificate of Incorporation will be issued to Partners.
1 – 7 Days
Agreement
LLP Agreement is filed within 30 days of incorporation with the Government.
A Limited Liability Partnership (LLP) is a business structure in which the liability of each partner is limited to the amount they invest. It combines partnership flexibility with corporate advantages.
A minimum of two partners is required to form an LLP.
Yes, an LLP can be registered at any address, provided you submit a No Objection Certificate from the owner.
Yes, foreign nationals or NRIs can be a partner of an LLP, provided at least one of the partners is an Indian citizen.
Yes, an LLP can be registered under MSME through Udyam Registration.
Yes, LLP is a cost-effective option for start-ups as it offers management flexibility, operational efficiency and limited compliance.
The following compliance requirements are mandatory for an LLP:
Yes
The LLP registration process generally takes 15-20 days, depending on document approval.
Only LLPs with a turnover above ₹40 lakhs or a contribution above ₹25 lakhs are required to get audited.
Take the first step towards success by partnering with experts who understand your business needs. Let us guide you through customised solutions to overcome challenges, capture growth opportunities, and achieve sustainable growth.
