Limited Liability Partnership Firm (LLP)
Best for those planning for the benefits of a company and partnership both
Starting at Rs. 6,999/-*
Within 15 to 25 Days
No Hidden Fees, Quick Turn Around Time
What is it? | Why Needed? | Documents Required | Service Package | FAQs
Limited Liability Partnership Firm (LLP)
A Limited Liability Partnership Firm is a legal business structure which limits the liability of its partners to their contribution in the businesses. It means Partnership formed and registered under The Limited Liability Partnership Act 2008.
A Limited liability partnership is a popular legal structure for businesses with the combination of partnership and private limited company. The main advantage of an LLP Firm is that it limits the liabilities of its partners as any incompetency or misconduct of a partner doesn’t lead to suffer any other partners of the firm. Apart from this, LLPs are both easy and cheaper to be incorporated than a private limited company with lesser compliance. LLPs are mostly adopted by small businesses.
Legal Brother’s has a team of experts in Limited liability partnership firm (LLP) registration for pan India locations. You may contact us to get your Limited liability partnership firm (LLP) registered in Delhi, Mumbai, Bangalore, Kolkata, Kanpur, Bareilly, Lucknow, Kanpur, Ghaziabad, Ludhiana, Faridabad, Meerut, Varanasi, Srinagar, Amritsar, Allahabad, Chandigarh, Bareilly, Moradabad, Gurgaon, Aligarh, Jalandhar or any other cities in India.
Why Needed: Reasons & Benefits
The Features and benefits of a Limited liability partnership firm are:
Separate Legal entity
LLP is also a separate entity from its partners.
Limited Liability
LLP offers reduced liabilities of partners as any misconduct leads to the sufferings of the doer only.
Tax Benefits
LLP is way better in saving tax as tax like Dividend Distribution Tax and tax surcharge don’t really apply on it.
Less Compliance
In an LLP, lots of overheads gets reduced in a way that no board/ share holder meetings are to be conducted 4 times in a year, like Pvt ltd.
Documents Required
- PAN Card
Individual PAN card of all Partners are required for registration.
- Aadhar Card/ Voter Id card
Aadhar card of proposed partners are needed for the LLP Registration.
- LLP Address Proof
Any utility bill like Electricity bill or water tax bill, rent agreement with owner(if only property is rented) are required.
- Additional address proof
Any one document out of the Bank statement or updated bank passbook or Utility bill is needed for registration.
- Additional ID proof
Any one document out of the One documents out of a Voter ID or Driving license or Passport is needed.
Our Services Packages
Frequently Asked Question
What is the Minimum number of partners required to form a limited liability part6npership?
To form an LLP a minimum of two partners and a maximum of 200 partners are required.
