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LLP Company Registration
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LLP Company Registration
LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.
- 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.
- The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.
- Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.
A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners.
- The management-ownership divide inherent in a company is not there in a limited liability partnership.
- LLP will have more flexibility as compared to a company.
- LLP will have lesser compliance requirements as compared to a company.
Designated Partner’s Documents
- Designated Partner’s PAN
- Designated Partner’s ID Proofs
- Aadhaar Card or Voter ID or Passport or Driver’s License
- Designated Partner’s Address Proofs:
- Latest one month Savings Bank statement or
- Latest Telephone Bill on his/her own name or
- Latest Mobile Bill on his/her name or
- Latest Power Bill on his/her own name.
- Designated Partner’s latest passport size photograph
- Designated Partner’s Email ids
- Designated Partner’s Mobile Numbers linked with their Aadhaar
- In case of Foreign designated partners, International Passport is mandatory
LLP Documents
- Registered Office Address Proof: Latest Power Bill
- No-objection letter from the Landlord.
- Rental Agreement from the landlord if the premises are rented.
- LLP email id.
we recommend that you engage the legal expertise of the experts at E-TAX HUB INDIA. Our team of professionals will help you to incorporate the business structure which is most suitable to your needs. Contact E-TAX HUB INDIA for more assistance.
