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Limited Liability Partnership (LLP)

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  • Limited Liability Partnership (LLP)

Partnership Firm

A Limited Liability Partnership (LLP) is a type of business organization that combines the benefits of a partnership and a company. It is a hybrid structure that provides the flexibility of a partnership and the liability protection of a company.

Advantages of LLP

Limited Liability
Flexibility
Tax Benefits
Easy to Establish
Perpetual Succession

Disadvantages of LLP

Complexity
Limited Capital
Regulatory Compliance

How to Register a LLP

  1. 1. Choose a Name: Choose a unique name for the LLP
  2. 2. Obtain a PAN Card: Obtain a PAN card For the LLP.
  3. 3. Obtain an Aadhaar Card: : Obtain an Aadhaar card for each partne
  4. 4. File the LLP Registration Form: File the LLP registration form with the ROC.
  5. 5. Pay the Registration Fee: Pay the registration fee, which varies depending on the state.
  6. 6. Obtain a Certificate of Registration: Obtain a certificate of registration from the ROC.
  7. 7. Open a Bank Account: Open a bank account in the name of the LLP.

Required Documents

  • Pan Card
  • Aadhaar Card
  • Business Address Proof
  • Photos
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