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Limited Liability Partnership (LLP)
LIMITED LIABILITY PARTNERSHIP (LLP)
Limited liability partnership means partnership formed and registered under the Limited Liability Partnership Act, 2008. Basically, limited liability partnership is the partnership in which the partners have limited liability, equal to their capital contribution.
Highlights
- The Limited liability partnership functions as a body corporate having separate legal entity.
- The minimum number of partners required under the act is two.
- Limited liability partnership protects the member’s personal assets from the liabilities of the business.
- It is not mandatory to conduct annual statutory meetings.
- The ownership of an LLP can be easily shifted to another person.
- No terms for minimum capital contribution.
Limited Liability partnership agreement
“Limited liability partnership agreement” means any written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership.
Documents Required:
- Pan of All Partners
- Aadhar of All Partners
- Photo of All Partners
- Mobile No. & E-mail id of All Partners
- Bank Statement of All Partners (Not older than 2 Months)
- Electricity Bill/Utility Bill/Gas Bill/Postpaid Mobile Bill of registered office (Not older than 2 Months)
- A copy of the rent agreement (if a premises is rented)
LLP Registration package includes:
- Incorporation Certificate
- LLP Agreement
- Pan of LLP
- Tan of LLP
- DIN of Two Designated Partner
- DSC of Two Designated Partner
Time duration
It can take up to 10-15 working days in order to LLP Registration.
Cost involved
Get your LLP firm registered on 4999/- Only
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