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Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. It is now the most preferred legal entity for Professionals and service providers owing to the flexibility. It provides a combination of ‘Partnership’ and ‘Company’ business structures. It is more advanced and corporatized version of a normal partnership.

Benefits of Limited Liability partnership

Separate Legal Entity
perpetual succession
The liability of each partner is limited to the contribution made by partner
Less compliance and regulations
No requirement of minimum capital contribution

Drawbacks

Rate of Income tax higher than company

Process Flow Chart

Applying Digital Signature for all the partner
Applying Name Approval under Registrar of Companies
Submission of Application of registration obtain Incorporation certificate
Drafting & submission of deed of partnership to roc

Documents Required for LLP Registration

Copy of PAN Card of partners
Passport size photograph of partners
Copy of Aadhaar Card
Copy of Rent/Lease agreement (If rented property)
Electricity/ Water bill (Business Place)
Copy of Khata or Tax paid receipt (If owned property)
Landlord NOC (Format will be provided)

Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) Registration

Benefits of Limited Liability partnership

Drawbacks

Process Flow Chart

Documents Required for LLP Registration

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