Limited Liability Partnership

LLP is an advance version of Partnership firm, where the partner's liability will be limited.

Limited Liability Partnership Registration Process and Documentation

Limited liability partnership and is governed by Limited Liability Partnership Act 2008. Limited Liability partnership provides advantage of limited liability to its owners and at the same time requires minimal maintenance.

The directors of a private limited company have limited liability to creditors. In case of default, banks / creditors can only sell company’s assets and not personal assets of directors.

The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner's misconduct or negligence. A LLP also provides limited liability protection for the owners from the debts of the LLP. Therefore, all partners in a LLP enjoy a form of limited liability protection for each individual's protection within the partnership, similar to that of the shareholders of a private limited company. However, unlike private limited company shareholder, the partners of a LLP have the right to manage the business directly

LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held.

How we can help with
Limited Liability Partnership

  • The Designated Partners must Registered with Ministry of Corporate Affairs
  • We help you to select a unique name for your LLP
  • We will draft your Company Constitution
  • We will send a request to NSDL

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Dcouments required for LLP Registration

  • Copy of Pan card of Directors (with self attestation)
  • Latest passport size photo in jpeg.
  • For the registered office proof of the company, if the property is rented/ leased, then copy of rental agreement or lease agreement.
  • Copy of Aadhaar Card/Voter Identity card of directors
  • Copy Electricity/water bill (business Place)
  • Copy of No objection certificate from the owner of the property
  • If owned property, copy of Sale Deed and Electricity bill is sufficient
  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized

Minimum requirement for LLP Registration

  • Minimum 2 partners
  • At least one Designated Partner as Indian Resident