Limited Liability Partnership

A Limited Liability Partnership (LLP) is a one form of body corporate which was introduced in India by the Limited Liability Partnership Act, 2008. A LLP has the feature of limited liability of partners, a partner is not responsible for any misconduct, negligence or any other partner..

To incorporate a LLP, at least two persons must submit their name in incorporation documents and these documents shall be submitted to Registrar of Companies. The incorporation documents shall also include name of the LLP, its proposed business, address of its registered office, the name, address and photographs of the persons who are to be its partners on incorporation.

In view of the growth of Indian Service industry in recent times, LLPs would further contribute to the growth of the service industry and a large number of existing companies, public as well as private, are expected to convert into LLPs with a view to have access to the benefits of the LLP.

  • Private Limited Company

    A private limited company is the most reputed form of carrying business in India. The minimum number of members in private limited company is 2 and maximum number of members is restricted to 50. A private limited company is considered as a separate legal entity. A private limited company name ends with ‘Private Limited’.

  • Public Limited Company

    The Company is a Public Limited Company which is incorporated under companies Act and has minimum paid-up capital of Rs. 5 lakhs.In a public limited company, minimum number of shareholders is 7 and minimum number of director is 3.

  • Section25 Company

    This section empowers the Central Government to grant a license directing that such an association may be registered as a company with limited liability, without the addition of the Words `Limited’ or `Private Limited’ to its name.