The Concept of LLP was introduced in India in 2008. LLP can be formed with the Partners and Designated Partners. Among the Partners, there should be a minimum of two designated Partners, who shall be Individuals. At least one designated Partner should be resident in India. The rights and duties of designated partners and partners have written in LLP agreement formed under the provision of LLP Act, 2008.

A Limited Liability Partnership Firm may be incorporated as per the procedure explained

Benefits to Incorporate LLP:

1. Separate Legal Entity
2. Limited Liability of Partners
3. Less Compliances
4. No limit on minimum capital contribution

LLP Registration Procedure:

1. Apply for DSC
2. Name Approval of LLP
3. Incorporation of LLP and apply DIN
4. File LLP agreement

Documents Required

1. PAN Card of Partners
2. Aadhar Card of Partners
3. Latest Bank Statement/Electricity Bill/ Telephone Bill of Partners
4. DL/ Passport/ Votor ID of Partners
5. Passport Size Photograph of Partners
6. Latest Electricity/ Gas/ Telephone Bill of registered address of LLP

Give a chance to our experts to manage your business compliances. For More information kindly contact with us.

Mr. Pankaj Raheja (Tax Adviser)

M/s. PKR Associates

8930084472 / 8447211290

pkrassociates20@gmail.com