Limited Liability Partnership

Limited Liability Partnership

The advantage of opting for a Limited Liability Partnership over the traditional Partnership Firm is that an LLP gives each partner limited liability. This means that one partner is not responsible for the conduct and negligence of another partner. This is similar to what shareholders enjoy. Another feature is that in an LLP, all partners have the right to manage the business directly.

Registering an LLP can very easily be done in India. The compliance and procedures are simple and take a short time to complete. This is the prime reason that many are opting for this kind of business, especially small and micro business.

Documents Required:

1.To be submitted by Partners

  • Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
  • Scanned copy of Voter’s ID/Passport/Driver’s License
  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • Scanned passport-sized photograph
  • Specimen signature (blank document with signature [partners only]
  • Address proof of the registered office
    • Utility Bill of the proposed Registered Office of the LLP
    • No-Objection Certificate from the Landlord
    • Rental Agreement Copy between the LLP and the Landlord

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