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Limited Liability Partnership (LLP) Registration in Indore – Legal Consulting
Looking to combine the flexibility of a partnership with the legal protection of a company? Legal Consulting offers hassle-free LLP registration in Indore, helping entrepreneurs establish their business quickly and compliantly. Our team of lawyers, Chartered Accountants (CAs), and Company Secretaries (CSs) ensures a seamless registration process, minimal paperwork, and complete legal compliance.
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What is a Limited Liability Partnership (LLP)?
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the advantages of a partnership firm and a company. It is an independent legal entity responsible for its own assets and liabilities. Only two partners are required to form an LLP, and their liability is limited to the amount they have agreed to contribute. Registered under the Limited Liability Partnership Act, 2008, an LLP protects partners’ personal assets while allowing operational flexibility.
Comparison
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Features
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Proprietorship
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Partnership
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LLP
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Company
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Definition
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A business that is owned and run by just one person is known as a sole proprietorship.
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A partnership is a formal agreement between two or more people or organizations to divide the ownership, management, earnings, and liabilities of a firm.
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An LLP is a type of hybrid business form that blends aspects of corporations and partnerships. It shields its partners' personal assets from the business's obligations by providing limited liability.
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A firm is an independent legal body existing apart from its stockholders. Either a public limited business or a private limited company may exist. The board of directors oversees the business's administration and activities. Shareholders own the corporation outright, with liability restricted to their investment.
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Time of Registration
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7-15 working days
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Authority
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Local laws are in charge.
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As per the Partnership Act of 1932
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The LLP Act of 2008
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In accordance with the 2013 Companies Act
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Standards for Compliance
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Observance of income tax laws and other municipal laws
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Observance of income tax laws and other municipal laws
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Respect for Income Tax Laws, Local Laws, the Companies Act, and other relevant laws
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Respect for Income Tax Laws, Local Laws, the Companies Act, and other relevant laws
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Taxation
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The individual's income tax rates are applied on income.
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Generally, income is taxed at the rates applicable to each individual partner.
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taxed as a partnership, with each member paying personal income taxes based on their profit sharing.
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subject to the rates of corporate taxation. Dividends are subject to taxation for shareholders.
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Possession
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In a proprietorship, the company is owned and run by just one person.
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Two or more people, referred to as partners, share management and ownership duties in a partnership
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Due to limited liability, partners' private assets are typically shielded from obligations or liabilities incurred by the company.
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A company's owners, or shareholders, are not the same as it legally. Limited liability protects shareholders from personal assets being
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Why Register an LLP in Indore?
Limited Liability Protection
Partners’ personal assets are protected from business debts or legal obligations.
Simple Formation & Compliance
LLP registration is straightforward with fewer compliance requirements than companies.
No Minimum Capital Requirement
Partners decide on contribution amounts, making it cost-effective to start.
Independent Legal Entity
An LLP can own property, sign contracts, and sue or be sued in its own name.
Flexible Management & Ownership
Profit-sharing ratios, decision-making, and partner changes can be tailored in the LLP agreement.
Tax Benefits
LLPs enjoy pass-through taxation; profits are taxed only at the partner level, avoiding double taxation.
Proprietorship vs Partnership vs LLP vs Private Limited Company
Proprietorship: Single-owner business, unlimited liability, simple setup.
Partnership: Two or more owners, shared profits and losses, unlimited liability.
LLP: Hybrid entity with limited liability, independent legal body, flexible management.
Private Limited Company: Separate legal entity, limited liability, suitable for large-scale investment and growth.
LLP Registration Process with Legal Consulting
Expert Consultation
Understand eligibility, documents, and compliance requirements.
Name Approval & DSC
Get the LLP name approved and obtain Digital Signature Certificates.
DIN & LLP Agreement Drafting
Draft the LLP agreement and apply for Director Identification Numbers.
Filing with MCA
Submit incorporation documents and LLP agreement with the Ministry of Corporate Affairs.
Certificate of Incorporation
Receive official registration and PAN/TAN assistance.
Documents Required for LLP Registration
- Partner Documents: PAN, Aadhaar/Passport, address proof, passport-size photographs
- Registered Office Proof: Rent agreement, electricity bill, or NOC
- LLP Agreement & Declarations
Frequently Asked Questions
A Limited Liability Partnership is a business structure combining partnership flexibility with limited liability protection for partners.
A minimum of two partners is required.
Yes, subject to legal documentation and approvals.
Yes, an LLP can be converted into a private limited company by following statutory procedures.
Yes, the LLP agreement defines profit-sharing, management rights, and partner responsibilities.
Yes, subject to MCA compliance and documentation.
Why Choose Legal Consulting for LLP Registration?
Get Started with LLP Registration in Indore Today
Register your Limited Liability Partnership (LLP) with Legal Consulting and enjoy a seamless, legally compliant, and cost-effective registration process.