Overview |
Features |
LLP and Firms |
LLP and Company |
Registration |
Documents Required |
Costing |
Registration
Obtain 2 Digital Signature : Obtain Here
Obtain 2 DIN : DPIN or DIN is unique Identification number for partners and directors.
Appointment of at least two “Designated Partners” shall be mandatory for all LLPs. “Designated Partners” shall also be accountable for regulatory and legal compliances, besides their liability as ‘partners, per-se”.
Name reservation: The first step to incorporate Limited liability partnership (LLP) is reservation of name of LLP, for ascertaining availability and reservation of the name of a LLP business.
Incorporate LLP: After reserving a name, user has to file eForm for incorporating a new Limited Liability Partnership (LLP).
LLP Agreement: Execution of LLP Agreement is mandatory as per Section 23 of the Act. LLP Agreement is required to be filed with the registrar within 30 days of incorporation of LLP.
Overview
LLP contains elements of both ‘a corporate structure’ as well as ‘a partnership firm structure’ LLP is called a hybrid between a company and a partnership.
LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.
LLP form is a form of business model which:
(i) is organized and operates on the basis of an agreement.
(ii) provides flexibility without imposing detailed legal and procedural requirements
(iii) enables professional/technical expertise and initiative to combine with financial risk taking capacity in an innovative and efficient manner
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