Limited Liability Partnership (LLP)

What is a Limited Liability Partnership (LLP) ?
LLP Registration in India has become an alternate sort of business that gives the benefits of a corporation and therefore the flexibility of a Partnership firm into one organization. The Concept of LLP in India was introduced back in 2008 by the indebtedness Partnership Act of 2008. This unique hybrid is suitable for setting small, medium-sized businesses. It is very easy to manage and incorporate an indebtedness Partnership in India. To register an LLP minimum of two partners are required, there's no upper limit intrinsically. The LLP agreement states the rights and therefore the duties of the Partners. In an LLP one partner isn't liable for the misconduct and negligence of the opposite partner. The partners are liable for the compliances and every one the provisions that are laid out in the LLP agreement.


Checklist for registering an LLP in India.

For incorporating an LLP in India:

  • A minimum of two partners are required.
  • The Digital Signature Certificate is required for all designated partners.
  • DPIN for all designated Partners.
  • The name of the LLP should be such it's not almost like the name of any existing LLP or Trademark registration.
  • Capital contribution by the Partners of the LLP.
  • LLP Agreement between the Partners.
  • Proof of registered office of the LLP.

Documents required for registering an LLP in India

For registering an LLP in India following documents are required.

For the Partners:

  • PAN card or Passport if the applicant may be a foreigner.
  • Driver’s license or Aadhar card, resident card or election card, or the other identity proof issued by the govt.
  • Less than 3-month-old statement or phone bill.
  • Registered office proof.
  • The authorization from the owner (Name mentioned within the Electricity bill or Gas bills or land tax receipt or sale deed) to use the premises as a registered office. This acts as a NOC from the owner
  • Proof of evidence of any utility services like gas, electricity, telephone depicting the address of the premises bearing the name of the owner or document, which isn't old than two month.

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