Limited Liability Partnership Registration
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Limited Liability Partnership (LLP) Registration
A Limited Liability Partnership (LLP) is a hybrid structure combining the benefits of a company and a partnership. It offers the flexibility of a partnership while providing limited liability protection to its partners. LLPs are governed by the Limited Liability Partnership Act, 2008.
Key Features of an LLP:
- Separate Legal Entity - The LLP is distinct from its partners, ensuring continuity and legal protection.
- Limited Liability - Partners are only liable for their capital contributions and not the LLP’s debts.
- Flexible Structure - No rigid compliance like a company; allows operational freedom.
- No Minimum Capital Requirement - LLPs can be started with any amount of capital.
- Unlimited Partners - Requires a minimum of two partners, but there is no upper limit.
- Mandatory Indian Resident Partner - At least one partner must be a resident of India, regardless of citizenship.
- LLP Agreement - Defines the roles, responsibilities, and mutual rights of partners.
Eligibility & Requirements for LLP Registration:
- Minimum 2 Partners (Individuals or entities).
- One Partner Must Be a Resident of India.
- LLP Agreement must be drafted and signed.
- Designated Partner Identification Number (DPIN) & Digital Signature Certificate (DSC) are required.
- A Registered Office Address in India.
Why Choose Panchal S K and Associates?
- Complete Legal Assistance – We handle all the paperwork and legal formalities.
- Quick & Hassle-Free Process – Get your LLP registered without delays.
- Expert Consultation – Tailored guidance on compliance, taxation, and governance.
- Post-Incorporation Support – Assistance with filings, agreements, and operational setup.
💼 Secure your business with an LLP structure and enjoy the best of both worlds – flexibility and liability protection! 🚀