LLP Registration

Advantages of Becoming LLP Registration

No Mandatory Audit Requirement

Get yourLLP company registrationas the advantage of it is that, its accounts are not compulsorily to be audited until the time it falls under the following criteria: contributions of the LLP exceeds Rs. 25 Lakhs, or annual turnover of the LLP exceeds Rs. 40 Lakhs

Flexible LLP Agreement

The rights and duties of partners can be defined separately under LLP Agreement hence it protects from any future disputes. You can find the rights and duties mentioned even if you choose foronline LLP registration.

Separate Legal Entity

It is a separate legal entity hence; unlike traditional Partnership, the partners are not liable for the unauthorized acts of other partners. This is another advantage ofLLP Firm Registration in India.

No Minimum Capital Requirement

There is a misbelief that one requires minimum amount of capital to start an LLP, though in reality there is no minimum capital requirement, one can start an LLP with any amount of capital. Grab theFast LLP Registration Servicestoday!

Perpetual Existence

The existence of an LLP is not dependent on partners as in partnership firm, hence the existence of an LLP will not affect with the change in partners.



  Private Limited Company One Person Company Limited Liability Partnership Partnership Firm Proprietorship Firm
Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
Registration Requirement Mandatory Mandatory Mandatory Optional No
Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
Separate Legal Entity Yes Yes Yes No No
Liability Protection Limited Limited Limited Unlimited Unlimited
Statutory Audit Mandatory Mandatory Dependent Not mandatory Not mandatory
Ownership Transfer ability Yes No Yes No No
Uninterrupted Existence Yes Yes Yes No No
Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
Tax Rates Moderate Moderate High High Low
Statutory Compliance High Moderate Moderate Less Less