Limited Liability Partnership Registration: - (LLP)

Limited Liability Partnership Registration: - (LLP)

The underlying idea behind limited liability partnerships' introduction is to give owners access to limited liability while offering a form of business entity that is sufficient to maintain.

In India, one of the simplest business forms to register and run is an LLP. LLPs cannot issue equity shares despite having a straightforward incorporation process and minimal compliance requirements.

Generally speaking, LLP registration is more expensive than partnership firm registration.

Authority: In India, limited liability partnerships (LLPs) are registered with the Ministry of Corporate Affairs, Central Government. Partnership firms are registered with the register of Firms, which is overseen by the State Government in where the firm is registered.

Documents required for LLP Incorporation

For the Partners

• Pan Card
• Driving Licence or Aadhaar Card, residence proof or EB Card, or any other proof issued by the government.
• Less than 3 months old bank statement or telephone bill

For the Firm (Registered Office Proof)

• The landlord's (name included on the property tax receipt, sale deed, gas, electricity, and water bills) authorization for the business to use the space as its registered office.
• Evidence of any utility service, such as power, gas, or phone, must be proven. displaying the location of the property in the owner's name or on a document that is no more than two months old.

Depending on the client's document submission and the length of time it takes the government to process the registration, an LLP registration typically takes 20 to 25 days to complete. The LLP Act prohibits the registration of names that are already in use or that are similar.