Subscribe to Newsletter
Subscribe to Newsletter to get updated Government notifications
Limited Liability Partnership:
A Limited Liability Partnership (LLP) is a distinct legal business structure that combines elements of a traditional partnership with the limited liability feature typically associated with corporations.Limited Liability Partnerships are a popular choice for small and medium-sized businesses due to the combination of limited liability, flexibility in management, and tax advantages.
Documents required
- 4 Unique names
- Business Description
- Self-attested copy of Identity proof of director (Voter ID or Passport or Driving License)
- Self-attested copy of Address proof of director (Bank statement or Electricity bill or Telephone bill)
- PAN and Aadhar card of Director
- Business Address proof (Electricity Bill + Rent agreement + NOC)
- Passport size photo of director
- Terms of agreement between partners
“FilingUp: Where You Get More Bang for Your Buck! Enjoy these Extra Perks at No Additional Cost!”
Our package includes
We at FilingUp make sure that you do not waste your precious time and resources behind all tedious and time consuming legal registration works with the repective government departments hence we have legal experts to make your business/startuup journey hasselfree and smooth with just 4 step process
FilingUp easy process
Pricing Summary:
Market Price
₹12999
Our Price
₹9999
Quick Contact !
A Limited Liability Partnership (LLP) is a type of business structure that combines features of a partnership and a corporation, providing limited liability to its owners (partners) while allowing them to participate in the management of the business. Here are key features and aspects of Limited Liability Partnerships:
Merits
- It gives limited liability of co. and flexibility of partnership
- Organized and works on the basis of agreement
- Provides flexibility
- Relatively easier to form
- Can be started with lower capital
- Relatively less compliances as compared to private limited co.
- Liability of partners is limited
- Flexible organization
- More control our business
- Registered form of partnership
FAQs
What is LLP agreement
An LLP agreement is a formal, legally binding agreement between the partners of a limited liability partnership (LLP). It defines the rights and responsibilities of members and the rules for running the business, in line with the Limited Liability Partnerships Act 2000 and other LLP legislation.
Who is designated partner?
Designated partner means any partner designated as such pursuant to section 7. Every LLP must have minimum of two designated partners. Out of two one must be Indian resident. He is working as authorized representative of all the partners.
Is it compulsory to register LLP restrictions?
Yes, it is registered under Ministry of corporate affairs.
Minimum and maximum number of partners?
Minimum two – Maximum no limit
Minimum number of designated partners?
Minimum two designated partners. Out of two one must be resident of India.
Is it mandatory to file LLP agreement?
It is compulsory to file notarized LLP agreement within 30 days of incorporation in form 3.
What is the minimum capital required for LLP?
There is no minimum capital requirement. Contribution of a partner can consist of tangible, movable or immovable or intangible property or other benefits to the LLP.