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Limited Liability Partnership

Overview

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.

LLP and Firms

Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner.

Registration

Obtain 2 Digital Signature, Obtain 2 DIN

Costing

DSC : Rs 2000 For 2 Partners ( Rs 1000 Per Partner)

Features

The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own name.

LLP and Company

The management-ownership divide inherent in a company is not there in a limited liability partnership.

Documents Required

Documents of Partners:

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