Limited Liability Partnership
Limited Liability Partnership is a type of business entity introduced by Limited Liability Partnership Act, 2008. It provides flexibility of Partnership Firm as far as internal operations are concern and benefit of Company as far as Liability part if concern. It is an artificial legal entity recognized independent from its partners and has a perpetual succession.
Features of Limited Liability Partnership
Process of Registration / Incorporation of LLP
- No minimum capital required.
- Minimum 2 Designated Partners.
- Separate Legal Existence.
- Limited Liability.
- Perpetual Succession.
- Having Borrowing capacity.
- Easy Transferability.
- Ease of doing business.
- Less compliances as compare to Company.
- Name search.
- Name application.
- Obtaining Name Approval certificate.
- Obtaining Digital Signature.
- Preparation of all Legal documentation
- Application for DIN & Incorporation
- Obtaining Certificate of Incorporation.
- Preparing and submission of LLP Deed.