Limited Liability Partnership

What is a Limited Liability Partnership (LLP)

•  Limited Liability Partnership is Governed by LLP Act 2008
•  Has the combined advantage of Partnership Firm and Private Limited Company.
•  Minimum Two partners.
•  No restriction on maximum number of partners.
•  Separate legal status for the company from the Partners.
•  Liability of partners limited to the Contribution/Capital of each partner.
•  No minimum contribution/capital.
•  Audit is mandatory only for companies with turnover above Rs.40lakhs or
• Contribution above Rs.25lakhs
•  Simplified registration process compared to a Private Limited Company.
•  Easy transferability

 Incorporation process

•  Apply for Digital Signature Certificate (DSC) for all the proposed partners –Min 3days(Not required if already held)
•  Apply for Director Identification Number (DIN) for all proposed partners – Min 1day (Not required if already held).
•  Apply for name approval in form Form1 along with the details of proposed partners and partnership deed – Min 2days
•  Apply for incorporation of the Limited Liability Partnership in form-2 ( Min 7days)

Our Services & Professional Charges

•  We provide a hassle free services with maximum support from our team in drafting the partnership deed and incorporation of the firm
•  Support and advisory services on other business needs of the firm after registration such as account maintenance, taxation services and other business registration process eg:GST, IMPORT EXPORT CODE, LEGAL ENTITY IDENTIFIER etc.