Limited Liability Partnership
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Ideal For Professionals And Small Entities
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Why Choose LLP?
Limited Liability Partnership (LLP) carry’s benefit of a conventional partnership and still limiting the personal liabilities of partners. In Limited Liability Partnership, the liabilities of the partners are limited up to their contribution to LLP; personal properties are not attached to settle creditors. It is regulated as a contractual agreement between the partners under the Limited Liability Partnership Act, 2008. It is a popular choice for services and professional firms like Chartered Accountants, Lawyers, recruiting firms, consulting businesses, etc. Read More On Our Blog.
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Step 1: Application for DSC (Digital Signature Certificate).
Step 2: Apply for the DIN (Director Identification Number)
Step 3: Name Reservation
Step 4: Incorporation
Step 5: LLP Agreement
Required Documents for LLP
Documents of Partners:
Documents of LLP:
|Type||Ideal For||Minimum No. Of Members||Tax||Statutory Compliance||Time Taken|
|Private Limited Company||Startup and Small Entities||2 Directors||25||High||2 Weeks|
|Limited Liability Partnership||Professionals||2 partners||30||Moderate||2 Weeks|
|Partnership Firm||2 Partners||2 Partners||30||Low||2 Weeks|
|One Person Company||Sole Promoter||1 Director||30||High||2 Weeks|
|Sole Proprietorship||Individual||Individual||10-30||Low||1 Week|