LLP Registration

Limited Liability Partnership (LLP) has been introduced in India by way of Limited Liability Partnership Act, 2008. LLP is a body corporate which combines the features of both the Company and Partnership into a single form of organization.

Salient Features of LLP

• Separate legal entity
• Limited Liability of partners. One partner is not responsible or liable for another partners misconduct or negligence
• No requirement of minimum capital contribution
• Minimum 2 partners are required to incorporate a LLP but no restriction as to maximum number of partners
• Perpetual existence irrespective of changes in partners
• No requirement of audit of accounts until turnover exceeds prescribed threshold

Registration Process of LLP

• Obtaining Designated Partner Identification Number & Digital Signatures
• Obtaining Name Approval
• Filing of LLP registration documents
• Drafting of LLP agreement
• Filing of LLP agreement and consent of Designated Partners

LLP is simple to incorporate and manage as compared to a company. We can assist you in incorporating a LLP in India in a timely manner.