LLP Registration
Limited Liability Partnership (LLP) has become a preferred form of organization between entrepreneurs as it operates the advantages of both partnership firm and company into a particular form of organization
About LLP
Limited liability partnership (LLP) is a form of another corporate business(incorporated under the Limited Liability Partnership Act 2008) providing the benefits of limited liability that of a company and at the same time have the elasticity of a partnership firm. Limited Liability Partnership is a separate legal entity, the liability of the partners is limited to their agreed contribution and is liable to the full extent of its assets. Their is a requirement of minimum 2 partners and there is no upper limit for the maximum number of partners.
Benefits Of LLP
- Easy and less expensive formation
- No restrictions on maximum number of persons
- Flexibility in management
- No requirements any of minimum capital contribution by partners
- Low compliance cost
- Liability of partners is limited except in case of fraud and negligence
- Less government intervention
- LLP is a body corporate with distinct legal enity and perpetual succession
- Easy to dissolve or wind-up
- LLP is applicable to any trade or business
DOCUMENTS REQUIRED FOR LLP
IDENTITY PROOF
- Passport
- Driving License
- Voter ID
- Aadhaar Card
- Passport Size Photograph
ADDRESS PROOF
- Electricity Bill
- Mobile Bill
- Voter ID
- Passport
- Aadhaar Card
REGISTERED OFFICE PROOF
- Electricity Bill
- NOC Letter
- Rent Agreement