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Limited Liability Partnership

Call Now LLP, Limited Liabilities are provided to the owners, Limited Liability Partnership Registration is governed by the Limited Liability Partnership Act, 2008, LLP can raise funds from partners, banks and non-financial companies, an LLP can have unlimited partners. We provide LLP registration in India, Get professional legal consultancy and services by LegalRaho.com. Apply for LLP online, Get Legal Consultancy in India by professionals, Get *Consultancy, *Registration, *Paper Work, *Legal Protection, *Timely Delivery of Services.

Overview

LLP at a Glance


  • Limited Liabilities are provided to owners. Therefore, A partner is not liable for all loses.
  • The rights are given to partners to manage business directly.
  • LLP companies have powers to get funds from partners, non-banking financial companies and banks.
  • LLP is considered as a separate legal entity, if some partners are not maintaining the company, each partner have right to protect company from the other partner.
  • LLP is considered as a separate legal entity, if some partners are not maintaining the company, each partner have right to protect company from the other partner.

Company Existence


LLP exists even if partners are no longer a part of company,


Legal Protection


The protection level of LLPs is very high as partners have rights to sue other partners if they no making well discipline in the company.


Importance

Lower Compliance


LLP is ideal for lower compliances, private limited companies required comparatively higher compliance. Also, LLPs doesn't required audit until a level of turnover. (Capital 25 Lakhs & Turnover Below 40 Lakhs/year)


Suitable for Small Business


Since, LLPs doesn't require any mandatory audit, it is an ideal option for small business. The professional services are also much cheaper for LLPs as compared to the Private Limited Company.


Documents Required

For registering your LLP company according to MCA Standards you will need identity proof and address proof of your directors along with the following documents:

Documents Required For LLP Company Registration:


  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs).
  • Scanned copy of Voter's ID/Passport/Driver's License.
  • Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.
  • Scanned passport-size photograph, specimen signature (signature of directors only).

Process Of Limited Liability Partnership

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