Limited Liability Partnership is a form of business entity that is seen as a partnership. However, it does have the limited liability perk protecting the assets of the LLP owners. Introduced by the Limited Liability Partnership act of 2008, it is most popular form of business infrastructure after a company. In order to establish it, you need to go through LLP registration in India.
Being Limited Liable is not the only way that an LLP differs from a partnership. In partnership firm, if one partner does something wrong, both the partners are held accountable. However, one of the major benefits of LLP registration in India is that one partner’s misconduct aren’t going to affect the other partner.
The other features of LLP are as follows:
Following is the eligibility criteria for LLP registration in India.
· Minimum two people required for LLP incorporation
· NO minimum capital requirement.
· At least one designated partner of LLP should be from India.
· The name of an LLP shouldn’t be similar to an existing one.
Note:- Your registered office need not be a commercial space; it can be your residence, too.
The LLP Registration process in India is quite easy. As a result, several business individuals find it easier to establish their businesses as an LLP. The process is as follows:
The LLP Agreement entails the details of powers wielded by the partners of the LLP.
We, at Registrationwala provide end to end solutions for Limited Liability Partnership registration in India. Our services include:
· DIN, DSC & Name Approval
· Submission of Form
· Reviewing the application and making changes if needed
· Obtaining Certificate Of Incorporation and delivering it to you.