Limited Liability Partnership
Limited Liability Partnership Registration
Online In India
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What is a Limited Liability Partnership?
LLP Registration in India has developed into an alternative business structure that combines the benefits of a corporation and the flexibility of a partnership firm into a single entity.
The Limited Liability Partnership Act of 2008 established the concept of LLP in India. This one of a kind hybrid is ideal for establishing small and medium sized businesses.
In India, it is very simple to manage and incorporate a Limited Liability Partnership. There is no upper limit on the number of partners required to register an LLP.
The LLP agreement specifies the Partners’ rights and responsibilities. In an LLP, one partner is not liable for the other partner’s misconduct or negligence.
Reasons to Register a Limited Liability Partnership
- Limited Liability
- Separate Legal Entity
- Flexible Agreement
- Suitable For Small Business
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Documents required for Limited Liability Partnership
- PAN card or passport (foreign nationals or NRIs)
- Aadhar card/ voter’s ID/ passport/ driving license
- Latest bank statement/ mobile bill/ electricity bill/ gas bill
- Passport-size photograph
For the registered office
- Utility bills
- Notarized rental agreement in English
- No-objection certificate from the property owner
- Sale deed/property deed
Steps for company registration
Step 1 Obtain Digital Signature Certificate
Step 2 Application for Name Approval
Step 3 Incorporation of LLP
Step 4 LLP Incorporation Certificate
Step 5 Drafting & of LLP Agreement
Step 6 Apply for Your PAN, TAN, & Bank Account