Limited Liability Partnership (LLP) has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organisation.
The (LLP) is essentially a general partnership in form, with one central difference, unlike a general partnership, in which individual partners are liable for the partnership’s liabilities, debts and obligations, an LLP safeguards its individual partners against personal liability for certain partnership liabilities.The LLP will continue to exist as a separate legal entity, even if the membership is reduced to one (or none), until it is wound-up and dissolved under the Insolvency Act 1986
(1) Flexibility
(2) Perpetual Existence
(3) Accounting tax
(4) Separate Legal entity
(1) Obtain DSC.
(2) Apply for DIN.
(3) Name Approval
(4) Incorporation of LLP
(5) File Agreement
(1) ID Proof of partners.
(2) Address proof of partners.
(3) Residence proof of partners
(4) Photograph
(1) What is LLP Registration?
(2) Is GST Compulsory for LLP?
(3) Does LLP need to be audited?
(4) How long it takes to incorporate an LLP in india?