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Comparison Chart of UK LLP with Indian LLP
| S. No | Conditions | UK LLP | Indian LLP |
| 1. | Introduction of Law | In the Year 2000 with the nomenclature Limited Partnership Act, 2000 | In the Year 2008 with the nomenclature Limited Partnership Act, 2008 |
| 2. | Registration | Registration with Companies House required. | Registration with Registrar of Companies required. |
| 3. | Registration | Document LLP Agreement | LLP Agreement |
| 4. | Distinct | entity Is a separate legal entity under the Limited Liability Partnership Act, 2000.operating under a combination of partnership and company law. | Is a separate legal entity under the Limited Liability Partnership Act, 2008 |
| 5. | Name of Entity | Name to contain ‘Limited Liability Partnership’ or ‘LLP’ as suffix | Name to contain ‘Limited Liability Partnership’ or ‘LLP’ as suffix |
| 6. | No of Members | Minimum 2 partners and atleast 2 of the partners must be designated members | Minimum 2 partners and atleast 2 of the partners must be designated members |
| 7. | Foreign Partnership | Foreign Nationals can be a Partner in a LLP and both the partners can be from any nationality | Foreign Nationals can be a Partner in a LLP. |
| 8. | Contribution | A matter of commercial/economic negotiation. | Obligation of partners as per the LLP agreement. |
| 9. | Cost of Formation | The cost of Formation is statutory filling fees, comparatively lesser than the cost of formation of Company. | The cost of Formation is statutory filling fees, comparatively lesser than the cost of formation of Company. |
| 10. | Liability of Partners/Members | Limited, to the extent their contribution towards LLP | Limited, to the extent their contribution towards LLP, except in case of intentional fraud or wrongful act of omission or commission by the partner |
Comparison Chart of UK LLP with Indian LLP
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