LLP
REGISTRATION ONLINE
REGISTRATION ONLINE
Limited Liability Partnership (LLP) was introduced in India through the Limited Liability Partnership Act, 2008. LLPs offer a wide variety of benefits to the businessmen, easy to register and also easy to maintain in terms of legal compliance, making it simple for small and medium sized business. LLP is a combination of both partnership and corporation which have major features and benefits of both the forms. Partners have limited liability in the company which means partners’ personal assets should not be used to pay off the debts of the business. In Limited Liability Partnership Firm, partners are not liable or responsible for other partner’s misconduct or negligence. Every partner has his own acts and responsible for his or her misconduct/act.
LLP is registered in Ministry of Corporate Affairs while Partnership is registered with Registrar of Firms. LLP is considered as a separate legal entity from partners and limited liability to invest in the company while partnership firm in not considered as separate legal entity and partners have unlimited liabilities to partnership. In LLP minimum 2 and maximum unlimited partners can be the members while in partnership firm minimum 2 and maximum 20 members can be partners. In LLP no minor would be allowed to be partner while in partnership firm minor could be the part of Partnership Firm. If you want to register Limited Liability Partnership (LLP) or want any online consultation, you can call SK Tax Law Firm. Our expert will help you to set up your business in (LLP).
Limited Liability partnership firm registration process normally takes 10-20 business days or depends on Government process. Registration for LLP process includes applying to get Director Identification Number (DIN), and apply for name approval, obtaining Digital Signature Certificate (DSC), incorporation of LLP and the file the LLP Agreement. Gets a free consultation for LLP registration taking appointment with our experts at SK Tax Law Firm, a platform where you can get your Limited Liability Partnership Firm registered with all kind of Legal compliance.