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A Limited Liability Partnership (LLP) is a distinct legal structure that blends elements of both a traditional partnership and a private limited company. It operates as a separate legal entity, offering the operational flexibility of a partnership along with the advantage of limited liability protection. This means that the financial responsibility of each partner is confined to the amount they have contributed to the business.
An LLP must have a minimum of two partners, but there is no upper limit on the number of partners allowed.
To establish an LLP, registration with the Ministry of Corporate Affairs is required, and it is regulated under the provisions of the Limited Liability Partnership Act, 2008. LLPs are also obligated to submit annual returns and financial statements to the Registrar of Companies.
The chosen name for the new LLP must be original and meet eligibility criteria. It should not be identical or closely resemble the name of any existing LLP, company, or registered trademark.
Register your LLP with at least two individuals who will serve as the initial designated partners.
Company Premises can either be owned or rented.
Under the LLP Act, 2008, there is no mandated minimum or maximum capital requirement, allowing partners to determine the capital contribution based on the specific needs of the business.
Under the LLP Act, 2008, there is no mandated minimum or maximum capital requirement, allowing partners to determine the capital contribution based on the specific needs of the business.
A Limited Liability Partnership (LLP) functions as an independent legal entity, meaning it can own property in its own name and has the legal standing to file or face lawsuits
A partner’s liability in an LLP is limited to the amount they have contributed to the partnership.
Collaborative discussions among partners ensure flexibility in management.
An LLP is often perceived as a more reliable and professional business structure by clients, vendors, and associates
Since LLP information is available to the public on the MCA portal, it enhances transparency and builds trust—making it easier to raise funds
An LLP can play a key role in building a solid brand identity and enhancing the business’s reputation.
Our firm simplifies this process by offering efficient and reliable assistance in meeting these obligations. Compliance requirements are generally classified into four key categories.
For more information and expert support, we encourage you to consult with our experienced startup advisors.
One Time after incorporation like appointment of Auditor, Declaration for Commencement of business, Issuance of share certificate etc
Change of Directors, Change of regd. Address,Allotment of shares etc.
Accounting , Tax Filing , Maintenance of records and registers etc
ROC Annual filing, Audit of financial statement, ITR filing etc
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