Limited Liability Partnership

Limited Liability Partnership

LIMITED LIABILITY PARTNERSHIP IS GOVERNED BY LIMITED LIABILITY PARTNERSHIP ACT, 2008. IT IS SIMILAR TO PARTNERSHIP BUT THERE IS SOME DIFFERENCES LIKE IN LLP MEMBERS HAVE LIMITED LIABILITY BUT IN PARTNERSHIP ALL THE PARTNERS HAVE UNLIMITED LIABILITY. IT MEANS IF ANY ONE PARTNER DO ANY MISCONDUCT THAN ALL THE PARTNERS ARE JOINTLY OR SEVERALLY LIABLE IN PARTNERSHIP.

BENEFITS ASSOCIATED WITH THE LIMITED LIABILITY PARTNERSHIP THAT ENCOURAGE YOU TO BEGIN YOUR BUSINESS:-

  • LESS COMPLIANCE BURDEN AS COMPARE TO OTHER FORMS OF BUSINESS ENTITY.
  • IT HAS A SEPARATE LEGAL PRESENCE WHICH IS DIFFERENT FROM ITS MEMBERS.
  • IN THE CASE OF DEATH OR RESIGNATION OF A PARTNER IT SHALL REMAIN IN EXISTENCE BUT LLP AGREEMENT NEED TO BE AMENDED.
  • ALL THE PARTNERS HAS LIMITED LIABILITY SO THEY ARE NOT PERSONALLY LIABLE FOR ANY LOSSES OF THE LLP.

LLP AGREEMENT CONTAINS THE FOLLOWING DETAILS:-

  • PROFIT SHARING RATIO.
  • OBJECTIVE OF FORMATION OF LLP
  • RATE OF INTEREST ON CAPITAL
  • RATE OF INTEREST ON LOAN
  • ANY SUCH OTHER TERMS & CONDITIONS WHICH ARE AGREED BETWEEN THE PARTNERS.

IT CONTAINES THE DETAILS OF LLP

DOCUMENTS WHICH ARE REQUIRED TO REGISTER A LIMITED LIABILITY PARTNERSHIP.

  • COPY OF PAN CARD/PASSPORT (SELF ATTESTED).
  • COPY OF AADHAR CARD/ VOTER ID/ DRIVING LICENSE (SELF ATTESTED).
  • BANK STATEMENT/ TELEPHONE BILL/ ELECTRICITY BILL/ MOBILE BILL FOR REGISTERED OFFICE ADDRESS.
  • PASSPORT SIZE PHOTOGRAPH.

STEPS THAT ARE REQUIRED TO REGISTER A LIMITED LIABILITY PARTNERSHIP.

  • APPLY FOR DIGITAL SIGNATURE (DSC).
  • APPLICATION FOR DESIGNATED PARTNER IDENTIFICATION NUMBER (DPIN).
  • NAME APPROVAL.
  • PREPARATION OF LLP AGREEMENT.
  • FILLING OF FORM – 2.
  • ELECTRONICALLY SUBMISSION OF FORM – 2 ALONG WITH LLP AGREEMENT.
  • FILING & SUBMISSION OF FORM – 3
  • INCORPORATION CERTIFICATE, PAN, TAN.

WE WILL PROVIDE YOU THE LLP REGISTRATION SERVICES. IT WILL TAKE AROUND 25-30 DAYS TO COMPLETE. THE WHOLE PROCESS IS ONLINE THERE IS NO NEED TO ARRANGE TIME TO VISIT PHYSICALLY.

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