How To Register a Limited Liability Partnership?
Registering a Company is quick, easy, and can be done online with Numbro in 3 simple steps:
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a modern form of partnership that combines elements of both partnerships and companies. In an LLP, partners have limited liability, meaning they are not personally responsible for the debts of other partners.
LLPs provide a transparent and well-defined structure, allowing professional firms to collaborate efficiently on projects. Numbro assists businesses with online and offline LLP registration in Hyderabad, providing guidance throughout the process.
Advantages of Registering Limited Liability Partnership
Benefits of limited liability and flexibility in partnership.
No Restriction on Number of Partners – An LLP can have any number of partners, providing flexibility for business growth.
Audit Requirement – An LLP is required to undergo an audit only if its turnover or transactions exceed specified thresholds.
Protection for Individual Partners – Partners are not personally liable for the independent or unauthorized actions of other partners.
No Minimum Contribution Required – Partners can contribute tangible, movable, or intangible property as their share in the LLP.
Lower Registration Costs – LLP registration typically involves minimal fees compared to other business structures.
Hybrid Structure with Clear Partner Agreement – The rights and duties of partners in an LLP are defined by a partnership agreement. LLP combines features of both a corporate structure and a traditional partnership, making it a hybrid entity.
Features for this type or Registration
Recommended for:
Ease of Accommodating Investment
Limited Liability Protection
Tax Advantages
Perpetual Existence
Statutory Compliances
