Limited Liability Partnership (LLP) Registration in India –

Limited Liability Partnership (LLP) was introduced in India by way of the LLP Act 2008. As per section 2 of the LLP act an LLP is a Register under the LLP Act. In the LLP liability of its partners are limited up to its contributions. In LLP partners enter in to a business with a agreement its known as LLP Agreement .The LLP agreement define the all rights, duties, powers and liability of its partners. The LLP is a form of partnership between two or more the two people and for LLP partnership act is not applicable LLP act 2008 is applicable.

Important Point of a LLP –

1. Liability- The liability of partners in LLP are separate and Limited up to its contribution .partners personal assets will not liable to attachment in case of any debts.
2. Entity – LLP are treated as a separate legal entity mean LLP can own assets and liability in their own names. LLP can also enter in a contract.
3. Audit – In LLP Audit are not required up to certain Turnover .

Benefit in LLP Registration In india-

1. Compliances are less as compare to other Entity
2. No minimum capital contribution requirement.
3. LLP registration cost is low as compare to other entity.

Documents required for partnership Registration-

1. Pan card of partners (Mandatory).
2. Two passport size photo of partners.
3. Address proof of partners.
4. Bank statement of Partners.
5. Utility bill for company registered office.
6. Rent agreement in b/w Proposed company and owner.
7. Owner NOC

LLP Formation Process-

1. Application for Name approval.
2. Application for DSC (Digital Signature) of partners.
3. Preparation of Incorporation documents.
4. Drafting of LLP Deed.
5. Incorporation filing.

We R Consultants will provide following –

1. Name Approval Certificate
2. Digital Signature Certificate (DSC) of partners.
3. DPIN of partners (Director Identification Number)
4. Certificate of Incorporation (COI).
5. LLP Deed.
6. Company Pan card and TAN Card