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Limited Liability Partnership Registration (LLP)

The liability of the LLP is limited. The personal assets of the partners will not be used for unpaid debts. If the company is facing a financial crisis, full assets of the LLP will be used to pay back their loans.

Benefits of Limited Liability Partnership

1

Limited liability protects the member’s personal assets from the liabilities of the business. LLP’s are a separate legal entity to the members.

3

The LLP is deemed to be a legal person. It can buy, rent, lease, own property, employ staff, enter into contracts, and be held accountable if necessary.

2

Flexibility. The operation of the partnership and distribution of profits is determined by written agreement between the members. This may allow for greater flexibility in the management of the business.

4

Corporate ownership. LLP’s can appoint two companies as members of the LLP. In an LTD company at least one director must be a real person.

Documents you will need

1

ID Proof

Aadhar / Voter ID / Driving licence / Passport

2

Address Proof

Address proof of the Partners along with the proof of registered place of business (Ownership Documents/Rent or Lease Agreement) or any bill in relation to electricity/landlord bill/bank statement.

3

Photos

The photos of the respective partners should submit for the clarification and proof of the concerned person.

4

PAN

The PAN card of the respective Partners and designated authorities of the LLP.

5

DSC

Digital signature is the electronic signature format of the partners for the purpose of e-filing the incorporation of LLP.

6

NOC (Owner/Landlord)

No objection certificate by the owner / landlord must be enclosed.

7

Passport

Passport of the partner is required in case of any Non Resident Indian (NRI) / Foreign National partners.

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