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LIMITED LIABILITY PARTNERSHIP - LLP

Limited Liability Partnership (LLP), introduced only in 2008, has quickly become a popular legal structure for businesses. As its name suggests, the liability of its partners is limited unlike the partnership firm along with the requirement of minimal maintenance. So, in case of any default, assets in the name of LLP are liable not the personal assets of the directors. A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization and one partner is not responsible or liable for another partner's misconduct or negligence

Documents Required

Copy of PAN Card and Aadhar Card of all the Partners.
Digital Signature of all the Partners
Copy of Mobile Bill, Telephone Bill, or Bank Passbook of all the partners with present address
Address proof of Principle Place of Business
Stamp Paper for LLP Agreement
Objectives of the LLP.

Package Includes

Two Digital Signature
Application of Two DIN
Application of Name Reservation
Drafting of MOA and AOA
Getting Certification of Incorporation
PAN and TAN Number

Frequently Asked Questions

Concept of LLP?

Can an existing company be converted to LLP?

What is (DPIN) designated partner identification number?

The Unique Number is required to allot to an Individual which remains valid for whole life of the individual and is required to become Partner of any LLP

Can an existing partnership firm or company be converted to LLP?

Yes, an existing partnership firm or a company that is unlisted can be converted into LLP. There are many advantages of converting a partnership firm into a LLP; however, the same doesn't apply for the conversion of a Company to a LLP.

Do Partners have to be present personally to incorporate a LLP?

No, partners are not required to present personally because documents can be filed online at any place.

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