See why LLPs are a smart choice for balancing risk and reward in your business.

Benefits of Limited Liability Partnership

Benefit from low registration costs while securing strong legal protections and advantages for your business.

Have peace of mind with limited liability—you're only accountable for your contribution, keeping your personal assets secure.

Easier to establish and manage than a private limited company, making it a convenient and hassle-free option for entrepreneurs.

Launch your Limited Liability Partnership with any capital amount—no large initial investment required.

Minimum two partners allowed
LLP Agreement
Registered Office Address
At least two designated partners are required, with one being an Indian resident
LLP Name
Digital Signature Certificate

Feature	One Person Company	Private Limited Company	Limited Liability Partnership	Partnership Firm	Proprietorship Firm
Applicable Law	Companies Act, 2013	Companies Act, 2013	Limited Liability Partnership Act, 2008	Indian Partnership Act, 1932	No specified Act
Registration	Mandatory	Mandatory	Mandatory	Optional	No
Number of Owners	Only 1	2 - 200	2 - Unlimited	2 - 50	Only 1
Separate Legal Entity	✔	✔	✔	✖	✖
Liability Protection	Limited	Limited	Limited	Unlimited	Unlimited
Statutory Audit	Mandatory	Mandatory	Not Applicable	Not Mandatory	Not Mandatory
Ownership Transfer	No (Restricted)	✔	✔	✔	✖
Perpetual Existence	✔	✔	✔	✖	✖
Foreign Investment	✔	✔	✔	✔	✖
Taxation Liability	Moderate	Moderate	High	High	Low
Compliance Requirement	Moderate	High	Moderate	Low	Low