Limited Liability Partnership (LLP)

A Limited Liability Partnership (LLP) combines the flexibility of a partnership with limited liability protection and separate legal identity for its partners.

Limited Liability Protection

Separate Legal Entity

Fewer Compliance Requirements

Overview

Benefits

Advantages

Service Coverage

Why Choose Wish Legals

Wish Legals

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Overview

A Limited Liability Partnership (LLP) is a hybrid business structure that combines the flexibility of a partnership with the limited liability of a company. Governed by the Limited Liability Partnership Act, 2008, an LLP allows partners to manage the business while ensuring their personal assets remain protected in case of business losses.

Unlike traditional partnerships, an LLP is a separate legal entity, meaning it can own property, enter contracts, and operate independently of its partners. LLPs are particularly suitable for small businesses, professional firms, and startups looking for minimal compliance requirements while enjoying the benefits of limited liability.

What is Limited Liability Company?

An LLP requires at least two partners, and there is no limit on the maximum number of partners. It does not require minimum capital investment, and foreign direct investment (FDI) is permitted under the automatic route in most sectors. Compared to a Private Limited Company, an LLP offers a cost-effective and flexible business structure, making it a popular choice for entrepreneurs and professionals alike.

Benefits

Limited Liability Protection

Partners are not personally liable for business debts beyond their agreed contribution.

Separate Legal Entity

The LLP can own property, enter into contracts, and continue operations regardless of partner changes.

Low Compliance Requirements

Unlike companies, LLPs do not require board meetings, annual general meetings, or extensive ROC filings.

No Minimum Capital Requirement

An LLP can be started with any amount of capital, making it accessible for small businesses

Tax Efficiency

LLPs are not subject to dividend distribution tax (DDT) and benefit from lower taxation compared to companies.

Flexible Management Structure

Partners have the freedom to define their roles and responsibilities in the LLP Agreement.

Our Service Advantages

We handle name approval, incorporation filings, and LLP Agreement drafting.

Our team ensures compliance with the Limited Liability Partnership Act, 2008, and tax regulations.

We simplify the process to get your LLP registered in the shortest time possible.

We provide affordable incorporation services with no hidden charges.

We assist with ROC filings, GST registration, taxation, and annual filings to keep your LLP legally compliant.

End-to-End Registration Support

Expert Legal & Tax Guidance

Quick & Hassle-Free Process

Cost-Effective Solutions

Ongoing Compliance Assistance

Step By Step

Obtain a Digital Signature Certificate (DSC)

Partners must obtain a DSC to digitally sign

Apply for Director Identification Number (DIN)

equired for designated partners before LLP incorporation

Reserve the LLP Name

Apply through the MCA portal using RUN-LLP (Reserve Unique Name) to secure a unique name for your LLP

Draft & File Incorporation Documents

Submit the incorporation form (FiLLiP) along with the LLP Agreement and required declarations.

Receive Certificate of Incorporation (COI)

Upon approval, the MCA issues a COI along with PAN and TAN registration.

Post-Incorporation Compliances

Open a business bank account, register for GST (if applicable), and comply with ROC annual filings and tax regulations.

Step By Step

Obtain Digital Signature Certificate

Partners must obtain a DSC to digitally sign

Apply for Director Identification Number (DIN)

equired for designated partners before LLP incorporation

Reserve the LLP Nam

Apply through the MCA portal using RUN-LLP (Reserve Unique Name) to secure a unique name for your LLP

Draft & File Incorporation Document

Submit the incorporation form (FiLLiP) along with the LLP Agreement and required declarations

Receive Certificate of Incorporation

Upon approval, the MCA issues a COI along with PAN and TAN registration

Post-Incorporation Complianc

Open a business bank account, register for GST (if applicable), and comply with ROC annual filings and tax regulations

Why Choose Wish Legals

Reason for choosing us

Comprehensive Legal Exrtise

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Client-Centric Approach

Cost-Efficient Services

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