What is Limited Liability Partnership (LLP) Registration?
Limited Liability Partnership (LLP) Registration is the process of legally forming a business structure where two or more partners manage and operate a business under the umbrella of limited liability protection. In an LLP, each partner’s liability is limited to the amount they have invested in the business, protecting personal assets from the business’s debts and liabilities. LLPs combine the advantages of both partnerships and limited liability companies, making them a popular choice for professionals and small to medium-sized businesses.
Key Features of Private Limited Company
Government Recognition
 The certificate provides formal recognition to a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Eligibility for Incentives
Startups with this certificate are eligible for various government incentives, such as tax exemptions, reduced compliance burdens, and easier access to capital.
Tax Benefits
Recognized startups can avail of tax exemptions under Section 80-IAC for three consecutive financial years out of the first ten years since incorporation.
Easy Compliance
The certificate allows startups to benefit from simplified regulations and compliance procedures, making it easier to do business.
Access to Government
Schemes Startups can access various government schemes, including funding opportunities, incubator support, and research and development benefits.
Tax Benefits
LLPs enjoy tax benefits similar to partnerships, with profits taxed at the firm level and not subject to dividend distribution tax.
Requirements for (SIC) Certificate
Company Age
The entity should not be older than 10 years from the date of incorporation / registration.
Company AgeZ
The entity should not be older than 10 years from the date of incorporation / registration.
Company Age
The entity should not be older than 10 years from the date of incorporation / registration.
Company Age
The entity should not be older than 10 years from the date of incorporation / registration.
Documents
Pave The Way of Legal Pprotection





Advantages
The Way of Sustainable Growth and Resilence
Limited Liability Protection
Operational Flexibility
Tax Efficiency
Ease of Formation and Compliance
No Audit Requirement
Ownership Transferability
Disadvantages





