Limited Liability Partnership (LLP) is that one partner is not liable for another partner’s misconduct or negligence.
LLP is favored by Professionals, Micro and Small businesses that are family-owned or closely-held.
Limited Liability partnership offers the benefit of limited liability to its owners and at the same time needs minimal maintenance.
The registration for the LLP was same as that of a Pvt company
Minimum 2 Partners (18 years and above age)
No Capital Requirement
At least one Designated Partner as Indian Resident
DPIN for all Partners
It has a separate legal entity.
The liability and responsibility of every partner are limited.
Audit not required.
No minimum capital.
The ownership can be easily shifted to another person.
2 Name Suggestions
Explain the Reasons for Choosing the mentioned Names
No of Partners
Share Capital (Basic Investment amount for the Company)
Capital Sharing Ratio
Voter Id or Passport or Driving License
Passport Size Photograph(s)
Digital Signature(s) (if any)
Director(s) Identification Number (if any)
No Objection Certificate of the Owner
Utility Bill of the Premises (not older than 2 Months)
Bank Name in which we are going to open Current a/c on the Company name