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Limited Liability Partnership

What is LLP Incorporation Overview

Limited Liability Partnership (LLP) in India took shape after January 2009, making it an instant success with startups and professional services. Limited Liability Partnership (LLP) Registration as the name suggests defines limited liability to its partners. Thus it has features of both, a corporation and a partnership. One partner is responsible for only his own actions and not the actions of his partner. LLPs are governed by Limited Liability Partnership Act(LLP Act), 2008

 

Documents Required For LLP Incorporation

  1. Copy of PAN Card of partners
  2. Passport size photograph of partners
  3. Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
  4. Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
  5. Copy of Sale Deed/Property Deed (If owned property)
  6. Landlord NOC (Format will be provided)
  7. Passport (in case of Foreign Nationals/ NRIs)
  8. Digital Signature Certificate
  9. Copy of Notarized Rental Agreement
  10. Copy of NOC from the property owner

 

Benefits Of LLP Incorporation

  1. Limited Liability Protection to Directors personal assets
  2. Separate Legal Existence & Operational Flexibility
  3. Better image and credibility in Market
  4. No Audit Requirement & Minimal Compliances
  5. Suitable For Small Business

Limited Liability Partnership

  • Preeminent LLP Company Registration Services
  • Choose your profit-sharing ratio under the Limited Liability Partnership Act
  • Less compliance and regulation
  • No requirement for minimum capital contribution
  • Secure, seamless, and high-quality work

Price : ₹3,599.00/-

F.A.Q.

What is an LLP (Limited Liability Partnership)?
An LLP is a type of business entity where the liability of the partners is limited to the amount of their contribution to the LLP. This means that the personal assets of the partners are protected in case the LLP faces financial difficulties.
The benefits of registering an LLP include limited liability protection, separate legal entity, flexibility in management, tax benefits, and more.
An LLP must have a minimum of two partners and a maximum of unlimited partners.
Yes, a foreign national or a foreign company can be a partner in an LLP, subject to compliance with the relevant laws and regulations.
An LLP must comply with various legal and regulatory requirements, such as maintaining proper books of accounts, filing annual returns and financial statements, conducting partner meetings, and more.
Yes, an LLP can be converted into a private limited company or vice versa, subject to compliance with the relevant laws and regulations.

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