LIMITED LIABILITY PARTNERSHIP

Limited Liability Partnership is a blend of benefits from a Private Limited company and partnership firm.

A LLP is registered in accordance with the rules and regulations laid out by the Ministry of Corporate Affairs.

Benefits of Private Limited Company:

  • Directors and shareholders are shielded from Personal liability towards the company.
  • Government can easily regulate the acts of the company.
  • Trust and credibility of company is governed
  • Improved credit rating from financial agencies
  • The agreement and documentation for a LLP is very flexible
  • Ideal for small business who would like to raise funds with large financial institutions without the necessity of being complied by various regulations

Procedure:

  • Applying for Director Identification Number
  • Applying for Digital Signature Certificate
  • Name Availability Search and identification
  • Application for Registration of Name
  • Filing of Forms electronically with Registrar of Companies
  • Payment of Incorporation Fee to Registrar of Companies
  • Verification of Documents by Registrar of Companies
  • Processing and issuing of Incorporation Certificate
  • Drafting of LLP Agreement

Documents required:

  • Scanned Copy of PAN Card
  • Scanned Copy of Voter's ID/ Passport
  • Scanned Copy of the Latest Electricity bill/ Telephone bill/ Bank Statement
  • Scanned passport size photograph
  • Also, we will require hard copy of an ID proof (self attested) along with a passport size photograph of the Director and the nominee.
  • For Registered Office address:

    • Scanned Copy of the Telephone bill/ Electricity bill (notarised)
    • Scanned copy of Notarised Rental Agreement in English
    • Scanned copy of No-objection Certificate from property owner
    • Scanned copy of Sale Deed in English (in case of owned property)
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