The LLP Act 2008 went into effect on March 31, 2009, the LLP Regulations 2009 were made aware on April 1, 2009, and became effective on May 31, 2009, intending to provide a simple business structure that benefits owners with limited liability with an LLP registration.

A Limited Liability Partnership (LLP) is a business structure that blends the flexibility of a partnership and the liability protection of a company.

The registration of a partnership is required because it affords partners the benefit of limited liability, meaning their assets remain protected during a financial crisis. It also grants the partnership an independent legal status, which aids in the establishment of credibility with customers and suppliers. Furthermore, in the Limited Liability Partnership Act of 2008, regardless of the nature of the operation, LLP accounts are audited if the annual sales turnover exceeds Rs. 40 lakhs or the capital contribution exceeds Rs. 25 lakhs, a statutory audit firm is recommended.

The LLP Agreement defines the partners' rights and responsibilities, the nature of the business, and the profit-sharing ratio. To ensure compliance with all legal requirements and to avoid any delays or errors in the registration process, you must seek the services of a professional LLP registration service provider.


The Registrar will register the LLP within 14 days of receiving Form-2 and issue a certificate of incorporation in Form-16.

Yes, LLP registration is mandatory as per Sections 2(0) & (q), 22, and 23 of the Act. In the absence of agreement on any matter, the mutual rights and liabilities shall be as provided for in Schedule I to the Act, according to the provisions of the LLP Act.

Except for non-profit organizations, any lawful business that is a service- or product-based company in India can register as an LLP.