It's Fast. It's Furious. It's Startup. KickStart your Startup Now!

Limited liability Partnership Registration (For Indians)

How can you set up a Limited Liability Partnership in India
 
Starting out alone on a life adventure can sometimes turn out to be risky business, and hence we need partners to get a second perspective on various aspects. Partners will always be there to lend a helping hand in times of need and celebration. In business too, we can find similar patterns.
Limited Liability Partnership (LLP) is a newly introduced corporate entity type in India aimed at entrepreneurs, small and medium sized businesses. An LLP provides many benefits of a Private Limited Company and at the same time it is easier to maintain compliance. Low registration fee and easy maintenance make LLP a first choice for many of the small businesses in India. 
 
Limited Liability Partnership (LLP)
 
Limited Liability Partnerships, LLP is a unique and new form of business that combines the advantages of both 'Company' and 'Partnership' in a single business entity. This was introduced in India in 2008 with the approval of the Limited Liability Partnership Act, 2008.

LLP is a superior type of partnership. A normal partnership is often discouraged due to its unlimited liability feature, i.e. your personal assets may be seized in case all the dues are not cleared. To counter this problem, an important feature of limited liability of company was added to the partnership, resulting in Limited Liability Partnership.

LLP is a separate legal entity, which can be formed in India by a minimum of two persons coming together with a motive of earning profit. Unlike a Private Ltd Company, an LLP is easy to manage and it is subjected to minimal post registration compliances.

FAQ's on Registration of Limited Liability Partnership

There can be any number of partners in LLP subject to minimum 2

Yes but atleast one partner must be resident in India.

Yes The Registrar shall on conversion of a firm by filing Form 17.private company or an unlisted public company by filing Form 18 into limited liability partnership along with prescribed fees issue a Certificate of Registration under his seal in Form 19.

Question? Call us at +91 8447037100

Get an instant best price for your services