Limited Liability Partnership Company Registration in India

What is a Limited Liability Partnership?

• LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.

• The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own name.

• The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.

• Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.

• Mutual rights and duties of the partners within a LLP are governed by an agreement between the partners or between the partners and the LLP as the case may be. The LLP, however, is not relieved of the liability for its other obligations as a separate entity.Since LLP contains elements of both ‘a corporate structure’ as well as ‘a partnership firm structure’ , LLP is called a hybrid between a company and a partnership.

How is it different from a Private Limited Company?

• A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners.
• The management-ownership divide inherent in a company is not there in a limited liability partnership.
• LLP will have more flexibility as compared to a company.
• LLP will have lesser compliance requirements as compared to a company.

Deliverables :

The registration process work will be carried out under the supervision of a Company Secretary.

• Registration of Private Limited
• Drafting of LLP Agreement
• Certificate of Incorporation
• PAN & TAN
• DSC
• DIN
• Form -3

Turnaround Time : 24 working days from the date of submitting the documents

Digital Signatures are available for ₹ 1000 per person.