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Limited Liability Partnership

Limited Liability Partnership

Limited Liability Partnership (LLP) has been introduced in India in 2009 and it is governed by The Limited Liability Partnership Act, 2008.

A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization. It operates like a limited partnership, but in a LLP each member is protected from personal liability, except to the extent of their capital contribution in the LLP. In an LLP, one partner is not responsible or liable for another partners misconduct or negligence.


Document Required for Limited Liability Partnership

  •   No Objection Certificate (NOC) from the owner
  •   Pan Card of Partners
  •   Address proof of Partners
  •   Photographs of Partners

Benefits of Limited Liability Partnership

Limited Liability

First and foremost benefit of trading/doing business via LLP is the limited liability conferred upon the partners. As a sole trader or partnership business, personal assets of the proprietor or partners can be at risk in the event of a failure of the business, but this is not the case for an LLP. Unlike proprietorship and partnership, if an LLP becomes insolvent and is wound up, only the assets of the LLP are used to clear its debts. The partners of LLP have no personal liabilities and are not made bankrupt and are free to operate as credible businessmen.

No Audit Requirements

Audit is not required unless capital exceeding Rs. 25 lakh or turnover exceeding Rs. 60 lakh.

Legal Entity

LLP is a separate legal entity separate from its partners

Pay as you grow pricing

Basic

9200

all inclusive fees

Our regular package includes all the essentials to start the Limited Liability Partnership.

It includes

2 Digital Signature Certificates, 2 DIN, Partnership Deed, Name approval, PAN, TAN

Write to our advisors at info@filingsamadhan.com or Our advisors will call you shortly.

Standard

10350

all inclusive fees

Our premium package includes all the essentials to start the Limited Liability Partnership.

It includes the following:-

3 or above Digital Signature Certificates

3 or above DIN

Partnership Deed

Name approval

PAN

TAN

Write to our advisors at info@filingsamadhan.comor Our advisors will call you shortly.

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