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Partnership flexibility with limited liability, for professional and partner-led firms.
Protection for partners
Partners set their own terms
No share capital needed
Partnership-style structure
Liability for partners
Governance by LLP agreement
An LLP is a flexible business structure that blends partnership features with limited liability protection.
Professional service providers, consultants, advisory firms, family businesses, partner-led ventures, and businesses that prioritise internal flexibility often consider it. Partners can set out their commercial understanding in an LLP agreement covering capital contribution, profit sharing, management rights, decision-making, admission and exit of partners, duties, restrictions, and internal governance.
Professional service providers, consultants, and advisory firms.
Family businesses and partner-led ventures.
Businesses that value internal flexibility over share capital.
An LLP may suit businesses that do not need share capital or investor-style ownership. It offers internal flexibility while providing a formal registered identity. An LLP is not free from compliance: it must maintain proper accounts, file annual returns, meet tax obligations, and preserve partner records.
Eraqus helps partners assess whether an LLP fits, and supports partner documentation, designated partner details, registration, agreement coordination, contribution planning, and compliance awareness.
A practical LLP agreement that reflects the partners’ understanding.
Capital contribution and profit-sharing arrangements.
Designated partner responsibilities.
Annual returns, accounts, and tax obligations.
Suitability where investor-style equity is not required.
An LLP works well when the partners value flexibility, mutual understanding, and limited liability. It also suits partners who want a formal setup for business operations.
An LLP offers partnership-style flexibility and limited liability without share capital. A company is built around shareholding and is generally more investor-friendly.
No. An LLP must maintain accounts, file annual returns, meet tax obligations, and preserve partner records.
A structured, investor-ready framework for startups and growing businesses.
Reliable financial records that support tax, audit, funding, and decisions.
Keep your entity active, credible, and audit-ready with a disciplined annual cycle.
Describe where your business stands and what you plan next. The team will help you understand the structure, documentation, and compliance that fit your situation.
connect@eraqus.com · +91 99588 39399