Your Limited Liability Partnership (LLP) registration is available at just ₹8500 through Abi Accounts. This includes all fees with no hidden charges. Abi Accounts, India’s largest network of business service providers, is committed to helping you start your business affordably and efficiently.
A Limited Liability Partnership (LLP) is a hybrid business structure that combines the features of a partnership and a private limited company. Introduced in India through the Limited Liability Partnership Act, 2008, it became operational in April 2009.
In an LLP, each partner has limited liability—meaning partners are not personally liable for another partner's misconduct or negligence. Their liability is limited to their own contributions, similar to shareholders in a company.
However, unlike shareholders, LLP partners have the right to manage the business directly. The operations are governed by an LLP Agreement, providing flexibility in business management.
New businesses often need credit or capital, which can be risky under traditional partnerships. In a traditional partnership, if the firm defaults, the personal assets of the partners are at risk. However, in an LLP, partners' personal assets are protected. Only the amount invested in the business is at risk.
The name of an LLP must end with “LLP” or “Limited Liability Partnership.” It must comply with the LLP Name Availability Guidelines under the LLP Act, 2008.
Abi Accounts provides complete LLP registration services for ₹8500, including all government fees and documentation support. No extra or hidden charges during or after registration. Get expert assistance and a smooth incorporation experience.