LIMITED LIABILITY PARTNERSHIP

Limited Liability Partnership is a legal entity registered with Registrar of Companies under Limited Liability Partnership Act, 2008. This entity is regulated by the Ministry of Corporate Affairs. It is a combination of a Partnership firm and a company. LLP is a partnership but it enjoys almost all the features of the company, and these are: Separate Legal Entity: The LLP has a separate and distinct entity from its partners as the company has from its shareholders. The partners and LLP are different from each other, the identity of the LLP doesn’t get affected by the change of the partners. Limited Liabilities: All the partners of the LLP are having limited liabilities whereas in the partnership firm all the partners having unlimited The partners are not personally liable for any debt or loss incurred by the LLP. They are only responsible for such amount which they agree to contribute as mentioned in the LLP agreement. On Its Name: The LLP can buy or sell the property on its name and also sue or be sued by any person on its name and also get entered into any contract or agreement with any other person under its name. The LLP is the most popular option for the professionals for conducting their business and it also a good choice for those who are involving in the business of consultancy. LLP have few compliances to follow as compared to other companies. Under Indian Partnership Act, 1932 it is optional to register the partnership firm, but if any person wants to run LLP, then he shall have to take a certificate of registration from the Registrar and also have to register the LLP agreement. All the business details and profit & loss sharing ratio amount of capital invested shall mention in the LLP agreement.

LLP PARTNERSHIP FIRM LIMITED LIABILITY PARTNERSHIP FIRM IS GOVERN BY THE LIMITED LIABILTY PARTNERSHIP ACT 2008

In a Limited Liability Structured Company (LLP) requires a minimum of two partners. It is also a newly introduced corporate business structure that conjoins two terms ‘company’ and ‘Partnership Firm’. An LLP is a separate legal entity from the partnership and personal and business assets are distinguished.

The liability of the partners is determined by the number of their share capital. When compared to Sole Proprietorship and Partnership, an LLP shows better credibility among its investors. This is attributed to appropriate maintenance of incorporation records, financial records and tax records.

♦ PAN CARD & AAADHAR CARD OF ALL DIRECTOR

♦ VOTOR ID/DRIVING LICENSES AND BANK PASSBOOK WITH LATESH ENTRIES

♦ PHOTO OF ALL DIRECTOR

♦ ELECTRICITY BILL WITH LATESH 2 MONTH

♦ NOC From the Owner of The Property

♦ 3 TO 4 COMPANY NAME

♦ OBJECT OF THE COMPANY

♦ MOBILE NO AND EMAIL ID OF ALL DIRECTOR

LLP INCORPORATION CHARGES? & TIMING

formation of LLP company is 7 to 10 days after receiving document charges start from 4999 plus govt fees and other charges as actual