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Limited Liability Partnership

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If you want to start your business with one or more partners along-with less compliances then LLP is the best option to start your business. Our team will help you to registered your LLP firm

Limited Liability Partnership

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Limited Liability Partnership

If you want to start your business with one or more partners along-with fewer compliances then LLP is the best option to start your business. Limited Liability Partnership has enacted in the year 2008.

It is a type of partnership which is registered in Ministry of Corporate Affairs. LLP is an alternative business vehicle that gives the benefits of Limited Liability Company and the flexibility of partnership firm. Since LLP contains the feature of both` a corporate structure’ as well as `a partnership firm structure’. LLP is a body corporate and a legal entity separate from its partners. LLP is different from Partnership firm, we can say that an LLP has perpetual succession, i.e. the death or insolvency of a shareholder or all of them does not affect the life of the LLP, whereas the death or insolvency of partners dissolve the firm, unless otherwise provided.

 

In LLP all partners have Limited Liabilities and one most important point in LLP is that in this type of partnership firm one partner is not responsible or liable for another partner’s misconduct or negligence.

 

Eligibility of LLP
  • Minimum 2 members

  • Minimum capital as may be prescribed (i.e. 50,000)

  •  DPIN of all Partners
  • At least one Designated  should be an Indian resident
  • DSC of all partners

 

Choose LLP Because
  • Dual advantages- Under Company Act and Partnership Act
  • No partner will be responsible for other partner’s misconduct
  • Cheaper to incorporate than a private limited company
  • Limits the liabilities of its partners
  • Minimum Paper Work
  • Minimum Compliance

 

Documents required for LLP registration
  • Self- attested PAN card copy.
  • Four Photographs.
  • Self -attested copy of any one of the Identity Proof like Driving License, Passport, Voter ID &Aadhar Card
  • Self- attested copy of any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill.
  • LLP Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill AND Rent Agreement (If Rented) and  Rent agreement copy between LLP and Landlord
  • No-Objection Certificate from Landlord

 

Steps for LLP registration
  • Obtain Digital Signature Certificates for the Partners
  • Obtain Director Identification Number for the Partners
  • Name approval
  • Filling for Incorporation form to ROC
  • Drafting of LLP Deed
  • Get Certificate of Incorporation

 

Package Details
  • DPIN for 2 Partners
  • Digital Signature for 2 Partners
  • Name search & approval
  • LLP agreement
  • ROC registration fees
  • LLP pan Card and LLP TAN Card
  • Consultancy

 For Any other Query please contact our Registration Karwalo team

 

Limited Liability Partnership
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