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What is Limited Liability Partnership (Llp)?
It has following characteristics:
- Separate Legal Existence.
- Minimum 2 Designated Partne
- “LLP” at the end of name.
Benefits Of Limited Liability Partnership (Llp)
Benefits Of Limited Liability Partnership (Llp)
Limited Liability of Partners
Major Benefit of Limited Liability Partnership Registration in India is Limiting the Partner’s Personal Risk. Partners Will Not Be Responsible for Other Partner’s Misconduct. Liability of Partners in Limited Liability Partnership is Only the Capital Contribution by Partners in Llp as Per the Llp Agreement.
Limited Liability of Partners
Major Benefit of Limited Liability Partnership Registration in India is Limiting the Partner’s Personal Risk. Partners Will Not Be Responsible for Other Partner’s Misconduct. Liability of Partners in Limited Liability Partnership is Only the Capital Contribution by Partners in Llp as Per the Llp Agreement.
Suitable for Small Business
LLP is a separate legal entity, it can own or acquire the property and partners cannot claim the property as theirs.
Suitable for Small Business
LLP is a separate legal entity, it can own or acquire the property and partners cannot claim the property as theirs.
Lower Compliance Cost
Limited liability partnership (LLP) has lowest compliance requirements as compare to private limited company which also reduce the compliance cost of professional services.
Lower Compliance Cost
Limited liability partnership (LLP) has lowest compliance requirements as compare to private limited company which also reduce the compliance cost of professional services.
Documents Required For Llp Registration
- Photograph.
- PAN card & Aadhar Card
- Proof of Identity: (Voter ID/Driving License/Passport).
- Proof of Address: (Bank Statement/Electricity Bill/Mobile Bill).
- Rent Agreement or Lease Deed or NOC of Registered office address.
- Electricity bill/Water Bill/Telephone Bill not older than 2 months.
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