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    LLP (Limited Liability Company)

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    LLP (Limited Liability Company)

    A Limited Liability Partnership is a partnership-like type of business entity. It does, however, have the financial obligation benefit, which protects the LLP’s owners’ assets. After the Pvt. Ltd. company, it is the most preferred type of business infrastructure introduced by the Limited Liability Partnership Act of 2008. You will need to go through LLP registration in India to find out.

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    A Limited Liability Partnership is a partnership-like type of business entity. It does, however, have the financial obligation benefit, which protects the LLP owners’ assets. After the Pvt. Ltd. company, it is the most preferred type of business infrastructure introduced by the Limited Liability Partnership Act of 2008. You will need to go through LLP registration in India to find out.

    The fact that an LLP is limited liable isn’t the only way it differs from a partnership. If one partner fails to comply in a partnership, both partners are held accountable. However, one of the primary advantages of LLP registration in India is that non-compliance by one partner does not affect the other partner.

    • One (Color) Photograph
    • Self-attested PAN card & Adhar Card copy
    • Self-attested copy of any one of the Identity Proof like Driving License, Passport or Voter ID.
    • Self-attested copy of any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill/ Mobile Bill or Electricity Bill.
    • For the Company Address proof Electricity Bill, Telephone Bill, Mobile Bill or Gas Bill AND Rent Agreement (If Rented) & NOC for doing Business & for taking Registration.
    • Documents Verification
    • Apply for DSC & Obtain
    • Draft Application Ready sent for approval
    • Final Application Submitted
    What is an LLP (Limited Liability Partnership) ?
    A limited liability partnership is a hybrid of a corporation and a partnership firm. Unlike a traditional partnership firm, it has limited liability, as the name implies. Unlike in businesses, it excludes complex compliance. It is governed by the MCA (Ministry of Corporate Affairs), the Limited Liability Partnership Act of 2008, and a partnership agreement. It is a completely separate entity from the partners and thus has its own legal existence. Furthermore, partners are not liable for the firm's debts.
    It has numerous advantages as a result of its hybrid structure, which are listed below: Pantners is a separate legal entity with limited liabilities. simple incorporation processless compliance in comparison to the companyAn auditor is not required.An audit is not required.
    • Filling of LLP Agreement
    • Preparation of First Board Meeting
    • Opening of Bank Account
    • Issue of Share Certificate
    • Apply for Commencement of Business
    • Appointment of Auditor