What is the Process of Limited Liability Partnership (LLP) Registration?

Posted by Ananya Nair on November 23rd, 2019

What is LLP Registration?

LLP (Limited Liability Partnership) was presented in India by method for the Limited Liability Partnership Act, 2008. The essential reason behind the presentation of Limited Liability Partnership (LLP) is to give a type of business element that is easy to keep up while giving restricted risk to the proprietors. Since, its presentation in 2010, LLPs have been generally welcomed with more than 1 lakhs enlistments so far until September 2014.

The primary favourable position of a Limited Liability Partnership over a conventional organization firm is that in an LLP, one accomplice isn't dependable or subject for another accomplice's unfortunate behaviour or carelessness. An LLP likewise gives constrained obligation insurance to the proprietors from the obligations of the LLP. In this way, all accomplices in an LLP appreciate a type of constrained obligation insurance for every individual's assurance inside the organization, like that of the investors of a private restricted organization. In any case, in contrast to private restricted organization investor, the accomplices of an LLP reserve the privilege to deal with the business legitimately.

LLP is one of the most straightforward types of business to consolidate and oversee in India. With a simple consolidation procedure and straightforward consistence customs, LLP is favoured by Professionals, Micro and Small organizations that are family possessed or firmly held. Since LLPs are not fit for giving value shares, LLP ought to be utilized for any business that has plans for raising value assets during its lifecycle.

Finacbooks is the market head in LLP Registration benefits in India. Notwithstanding LLP Registration, Finacbooks likewise offers an assortment of business enlistment administrations like private constrained organization enlistment, one individual organization enlistment, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary enlistment. The normal time taken to finish an LLP enlistment is around 15 - 20 working days, subject to government preparing time and customer report accommodation. Get a free discussion on LLP enrollment and business arrangement in India by planning a meeting with a Finacbooks Advisor.

Know the Process of LLP Registration

1. Digital Signature Certificate (DSC)

2. Director Identification Number (DIN)

3. Reservation of Name

4. Incorporation of LLP

5. File Limited Liability Partnership Agreement

What Documents is required to register as LLP?

Documents of Partners:

    1. PAN Card/ ID Proof of the Partners

    2. Address Proof of the partners

    3. Residence Proof of Partners

    4. Photograph

    5. Passport (in case of Foreign Nationals/ NRIs)

Documents of LLP:

    1. Proof of Registered Office Address

    2. Digital Signature Certificate