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Modern Partnership

Limited Liability Partnership (LLP):
Flexibility Meets Corporate Security.

Looking for a structure that offers the flexibility of a partnership and the protection of a company? A LLP gives entrepreneurs and professionals the perfect blend: easy management, limited liability, and true credibility.

Register Your LLP Today
Limited Liability Flexible Management Tax Efficient
The Smart Choice

Why a LLP is Ideal for Collaborative Ventures

Unlike a traditional partnership, a LLP shields your personal assets from business risks. You and your partners can organize profits, management, and contributions on your own terms—without the unlimited liability that haunts old-school firms.

Protection & Structure

Enjoy corporate-level benefits with the simplicity of a partnership.

  • Limited Liability: Each partner’s personal liability is capped to their agreed contribution in the LLP.
  • Separate Legal Entity: A LLP can own property, enter contracts, and sue or be sued in its own name.
  • No Minimum Capital: Start your LLP with any contribution—money, property, or even know-how.

Management & Taxation

Benefit from an operational structure that is both flexible and tax-efficient.

  • Flexible Management: No strict rules on board meetings, making it ideal for dynamic, professional teams.
  • Tax Efficiency: LLP profits are taxed at a flat 30%, but there is no Dividend Distribution Tax (DDT) on profit sharing.
The Whole Truth

Strategic Edge vs. Operational Realities

We ensure you know both sides for a stress-free and transparent partnership.

The Strategic Edge

LLPs offer powerful advantages for service-based and professional firms.

  • No Personal Risk: Protects your personal savings—creditors cannot touch your assets for LLP debts.
  • Professional Perception: An LLP status builds instant trust with corporate clients, banks, and vendors.
  • Simple Compliance: Less paperwork and fewer statutory requirements compared to a private limited company.

Operational Realities

Understanding the limitations and responsibilities is key to a successful LLP.

  • Minimum Two Partners: A LLP cannot be run solo; it requires at least two designated partners at all times.
  • Annual Compliance is a Must: You must file Form 8 (Accounts) and Form 11 (Annual Return) every year without fail.
  • No Equity Investment: LLPs cannot issue shares, making them unsuitable for raising funds from VCs or angel investors.
  • Conversion Restrictions: Converting a LLP into a company is possible but involves a formal and sometimes lengthy process.
Our Process

Our Clear & Quick LLP Roadmap

We handle the entire process, making it fast, simple, and transparent.

1

Partner KYC & DPIN

We collect KYC documents from all partners and apply for the Designated Partner Identification Number (DPIN).

2

Name Reservation

Submit your proposed LLP names, and we'll file the RUN-LLP form for approval from the Registrar.

3

Filing FiLLiP Form

We prepare and file the master incorporation form (FiLLiP), including partner and registered office details.

4

LLP Agreement & Launch

Once incorporated, we draft the crucial LLP Agreement and file it with the MCA within 30 days.

Launch with Confidence

Launch Your Partnership with Krystal7

Don’t leave your future to chance—get your LLP set up with zero hassle and maximum clarity.

Simple Compliance
Form 8 & 11

MCA Approved
FiLLiP Filing

Expert Support
Full Guidance

Book your LLP discovery session today.

Build your business the right way!

Questions Answered

Frequently Asked Questions

Everything you need to know about Limited Liability Partnerships.

You need a minimum of two designated partners to form a LLP. At least one of them must be a resident of India.

No, there is no minimum capital contribution required. You can start a LLP with any amount of capital, which can be contributed in cash or in kind (like property or services).

Yes, foreign nationals or foreign companies can be partners in an Indian LLP, subject to FDI policy. However, it is mandatory to have at least one designated partner who is a resident of India.

A LLP cannot issue shares like a company, so it cannot raise equity funding from angel investors or venture capitalists. Funding is typically raised through partner contributions or debt.

An audit is only mandatory for a LLP if its annual turnover exceeds ₹40 lakh or if its total capital contribution exceeds ₹25 lakh in a financial year.

The income of a LLP is taxed at a flat rate of 30% (plus surcharge and cess). Unlike companies, there is no Dividend Distribution Tax (DDT), and profits distributed to partners are not taxed in their hands.

Yes, the Companies Act, 2013 allows for the conversion of a LLP into a Private Limited Company. It requires meeting certain eligibility criteria and following a prescribed legal process.

The two main annual filings are the Statement of Accounts and Solvency (Form 8) by October 30th and the Annual Return (Form 11) by May 30th every year.

No, it's not mandatory upon incorporation. GST registration is required only if the LLP's annual turnover exceeds the GST threshold (currently ₹20 lakh for services and ₹40 lakh for goods) or if it engages in inter-state supply.

Yes, a LLP is a separate legal entity and can hire employees on its payroll, enter into employment contracts, and comply with all applicable labor laws just like any other business.

Yes, Non-Resident Indians (NRIs) can be partners in a LLP. However, the LLP must have at least one designated partner who is a resident of India, and all investments must comply with RBI and FDI regulations.