LLP stands for Limited Liability Partnership. It is the type of partnership company which is now popular in India. It removes the disadvantage of partnership firms with the limited liability feature.
The Government of India has Introduced the LLP company registration in India in 1957. Indian government wants to expand the concept of partnership firm through providing the features of pvt ltd company in Limited Liability Partnership Firm.
What is LLP Company?
Limited Liability Partnership (LLP) is a form of business entity in which the characteristics of both partnership and company comes under one organisation. Due to its availability of company registration features it is known as Limited Liability Partnership Company.
LLP company is registered and regulated through the Limited Liability Partnership Act 2008. It is clearly stated in the LLP Act 2008 that a minimum of 2 partners should be required to run the LLP organisation.
Because of its limited liability feature, the group of persons running the LLP company is not solely liable for all liabilities and is also not liable for any misconduct by the other partners.
Minimum Requirements for LLP Company
Check below the minimum requirement which you need to fulfill in order to register for LLP Company.
Minimum 2 partners and 2 Directors are required.
One partner should be an Indian citizen.
LLP Company Benefits
You will gets the following benefits after you successfully register for LLP Company
No minimum paid up capital needed to start an LLP firm.
Very less compliance than pvt ltd company.
Easy transferability of ownership
The LLP business enjoys the freedom to own and transfer properties.
Limited Liability Protections for shareholders.
No audit Requirement for a turnover of less than Rs 40 lakhs and contribution of less than Rs 25 lakhs.
Continuity in LLP company after partnership death.
Process for LLP Company Registration in India
Want to register for an LLP company then follow the below given procedure for easy online registration.
STEP 2: Make the payment online for your LLP application.
STEP 3: You will receive a call from one of our executives who ask for LLP details.
STEP 4: Provide all the details correctly whichever asked by our expert.
STEP 5: LLP registration certificate will be sent to your registered email address within a few working days.
Documents For LLP Registration
Arrange the below mentioned documents before going to register for LLP
Latest Passport size photo
PAN card
Identity Proof (Aadhaar card/Voter ID card/Passport/Driving Licence).
Residence proof of partner (Aadhaar Card).
Business address proof (Rent Agreement/ Property Ownership Document/ / No Objection Certificate (NOC) / Electricity Bill)
Telephone Bill / Water Bill etc).
Digital Signature Certificate (DSC).
Why Choose E-registration.co.in?
Nowadays Limited Liabilities Partnership Company has become the one of the most popular forms of Partnership organisation running in India and entrepreneurs want to register for it. But they don't know how to register and where to do it.
Also the government registration procedure is very tough, Complicated and a time taking process. So it is always better to hire a consultant firm to do that. We are a well reputed consultancy firm working in this field for more than 10 year and our registration procedure is fully safe and secured.
You can feel free to contact our 24*7 support team by filling our contact us form at startupsguide.co.in and we will reply you soon.