Limited Liability Partnership (LLP)

LLP Registration in India

You’ll always wish that your business runs with no risk or crisis arising out of internal management problems and there you need to know about the objective of Limited Liability Partnership (LLP) Company. It’s a secured legal form of conducting your business when you’re involved in a business together with your partner(s). When you’re registered in LLP, you’ll be getting these legal provisions to safeguard your personal assets and run a healthy business:

• Limited Liability Partnership Company offers a form of business entity that is easy to maintain through providing limited liabilities.
• Each partner of LLP is allowed with a limited liability protection in terms of business partnership risks which is related to the shareholders of any Private Limited Company.
• Creditors, such as banks/money lenders can recover their money through the business assets only and so shareholder’s personal assets are secured.
• Relief from bearing the responsibility for other partner’s fault and negligence and secure his/her share from such bad debts.
• Enjoy tax benefits

Minimum requirements for LLP Registration are:

• Minimum 2 partners (18 years or above age)
• No Capital Requirement
• Minimum 1 designated partner as Indian Resident
• DPIN for all Partners

Documentation for Limited Liability Partnership (LLP)

• Any utility bill is required
• Scanned copy of rent agreement with no objection certificate from the landlord, if you have property on rent is required.
• Partner’s signature on documents is required.
• Voter id card/passport/driver’s license is required.
• PAN Card or passport is required.
• Mobile bill or telephone bill / latest bank statement/electricity or gas bill is required.
• Passport size photograph is required.