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LLP Registration
Licenses required for business. Our experts provide guidance regarding various licenses & registrations required for business.
LLP Deed
& Notarization
& Notarization
Registration
Consultants
Consultants
Easy Formation
of LLP
of LLP
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners.
LLP is the solution to that business unit who wants to combine the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. At Lex Koterie LLP you can find the best professionals for services of LLP registration in India.
1️⃣ Professional Consultancy
2️⃣ LLP Deed
3️⃣ DIN & DSC for partners
4️⃣ PAN No.
5️⃣ LLP Registration Certificate
Features of LLP
- LLP has a separate legal entity like companies.
- No requirement of minimum capital contribution.
- The liability of each partner of LLP is limited to the contribution made by the partner.
- Less compliance and regulations comparatively.
LLP Registration Process
- LLP has a separate legal entity like companies.
- No requirement of minimum capital contribution.
- The liability of each partner of LLP is limited to the contribution made by the partner.
- Less compliance and regulations comparatively.
Minimum Requirement to
Start LLP
Start LLP
- Minimum two designated partners required.
- Every designated partner must have designated partner identification no. (DPIN).
- One Designated partner of LLP must be Resident Person.
- Unique Name of the LLP, and it must not be same or similar to the name of any existing company, LLP or trademark which is registered or applied for.
Benefits of LLP Registration
- One partner is not responsible or liable for another partner& misconduct or negligence.
- Provides limited liability protection for the owners from the debts of the LLP.
- The partners of an LLP have the right to manage the business directly.
- LLP is one of the easiest types of business to incorporate and manage in India.
- With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held.
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