The flexibility of a partnership with the limited liability protection of a company. Expert guidance for seamless registration.
Limited Liability Partnerships (LLP) are one of the most popular business structures in India, offering the best of both worlds: the flexibility of a partnership with the limited liability protection of a company.
If you are looking to start your business in Delhi and prefer an LLP structure, Taxcrafted Solutions provides expert services to help you set up your LLP effortlessly and in compliance with legal norms. Whether you are a small entrepreneur or a large organization, we ensure that your LLP is registered smoothly.
Strategic advantages for modern businesses.
Partners are not personally liable for the debts of the business, protecting personal assets.
Enjoy the freedom to operate like a partnership with less stringent compliance than a private limited company.
An LLP can own property, sue and be sued in its own name, ensuring continuity.
Common queries about LLP Registration.
An LLP is a corporate business vehicle that provides the benefits of limited liability to its partners while allowing them the flexibility of organizing their internal management as a partnership. It is a separate legal entity from its partners.
A minimum of two partners are required to incorporate an LLP. There is no maximum limit on the number of partners. At least two individuals must be designated partners, and one of them must be a resident of India.
Audit is not mandatory for all LLPs. It is required only if the turnover exceeds ₹40 Lakhs or the capital contribution exceeds ₹25 Lakhs in a financial year.
Yes, an LLP can be converted into a Private Limited Company, but the process is complex and involves specific regulatory approvals. Generally, it is easier to convert a Private Limited Company into an LLP.
LLPs must file an Annual Return (Form 11) and a Statement of Account & Solvency (Form 8) with the Registrar of Companies (ROC) every year. Income Tax Returns must also be filed annually.
Taxcrafted Solutions is a trusted tax consultant in Delhi. We offer GST, ITR, TDS, company registration & compliance services with expert CAs.
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