LIMITED LIABILITY(LLP)

Limited Liability Partnership (LLP) – An Overview

A Limited Liability Partnership (LLP) is a unique hybrid structure that combines the benefits of a traditional partnership with the advantages of a limited liability company. It offers entrepreneurs the flexibility of a partnership with the protection of limited liability, meaning partners are not personally liable for the business's debts or liabilities. Each partner is responsible only for their own actions, making it a preferred choice for professionals, startups, and service-oriented businesses.

At VEXAGROW, we simplify the LLP registration process, ensuring compliance, clarity, and complete support throughout your entrepreneurial journey

Key Features of an LLP

Separate Legal Entity – LLP has its own legal identity, distinct from its partners.

Limited Liability – Each partner's liability is limited to the amount contributed.

Low Formation Cost – Registering an LLP is cost-effective compared to other company types.

Minimal Compliance – LLPs require fewer compliances under Indian laws.

No Minimum Capital Requirement – There is no mandatory minimum capital contribution.

Flexible Structure – Minimum of 2 partners required, with no upper limit.

Designated Partners – At least two designated partners, one of whom must be a resident of India.

Governed by LLP Agreement – Rights and duties are defined through a mutual agreement.

LLPs in India are governed under the Limited Liability Partnership Act, 2008.

Documents Required for LLP Registration

At VEXAGROW, we ensure your LLP is registered with minimal hassle. Here's what you’ll need:

 Documents for Partners

PAN Card / ID Proof (Mandatory for all Indian partners)

Address Proof – Voter ID, Passport, Aadhaar, or Driving License

Residence Proof – Latest bank statement, telephone/mobile bill, electricity/gas bill (not older than 2–3 months)

Photograph – Passport-size, white background preferred

For Foreign Nationals / NRIs:

Passport (notarized/apostilled)

Address proof (e.g., residence card, bank statement, government-issued ID)

Notarized translation if documents are in a language other than English

Documents Required for LLP Registration

At VEXAGROW, we ensure your LLP is registered with minimal hassle. Here's what you’ll need:

 Documents for Partners

PAN Card / ID Proof (Mandatory for all Indian partners)

Address Proof – Voter ID, Passport, Aadhaar, or Driving License

Residence Proof – Latest bank statement, telephone/mobile bill, electricity/gas bill (not older than 2–3 months)

Photograph – Passport-size, white background preferred

For Foreign Nationals / NRIs:

Passport (notarized/apostilled)

Address proof (e.g., residence card, bank statement, government-issued ID)

Notarized translation if documents are in a language other than English

Documents for LLP

Proof of Registered Office Address

Rent Agreement + No Objection Certificate (if rented)

Utility bill (gas/electricity/telephone) – not older than 2 months

Digital Signature Certificate (DSC)

At least one designated partner must have a valid DSC for e-filing forms and documents.

Why Register Your LLP with VEXAGROW?

Expert guidance from incorporation to compliance

End-to-end support including drafting of LLP Agreement

Assistance with DSC, DIN, and MCA filing

Transparent pricing with no hidden charges

Faster processing and timely updates

Get in Touch

Let us know how we can support your business goals.

Get Started!

Enter your details below for a callback


    Frequently Asked
    Questions

    Find answers to some of the most common questions about our services. If you don’t see what you’re looking for, feel free to reach out to us.

    1. What is an LLP (Limited Liability Partnership)?

    An LLP is a hybrid business structure that combines the advantages of both partnership firms and private limited companies. It offers limited liability to partners, flexibility in operations, and is governed under the LLP Act, 2008.

    2. How is LLP different from a general partnership?

    In a general partnership, partners are personally liable for the firm's debts. In an LLP, the liability of each partner is limited to their agreed contribution, and personal assets are protected.

    3. What are the key benefits of forming an LLP?

    Limited liability protection Separate legal identity No requirement of minimum capital Less compliance than private limited companies No limit on the number of partners

    4. What are the requirements to register an LLP in India?

    Minimum 2 partners, at least one must be an Indian resident Designated Partner Identification Number (DPIN) and Digital Signature Certificate (DSC) for all partners LLP name approval via RUN-LLP on the MCA portal Submission of Incorporation documents and LLP Agreement

    5. Is audit mandatory for an LLP?

    Audit is not mandatory unless: The annual turnover exceeds ₹40 lakhs, or The contribution exceeds ₹25 lakhs