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LLP Registration

Limited Liability Partnership for a startup business in India

With the help of Enterslice, you can register LLP which should be used for any business that has plans for raising equity funds during its lifecycle. The average time takes to complete an LLP registration is about 7-12 days. Limited Liability Partnership provides the benefits of both private limited company and General Partnership into a single form of the LLP, and one partner is not liable for another partner's misconduct or wrong decisions.

LLP

A minimum of two partners will be required for formation of an LLP. Liability of partners of the Limited Liability Partnership (LLP) is limited to their contribution to the firm. Get LLP Registration for the startup your own business in India at Rs 7999. LLP is most preferred by small business owners and for them who are not willing for venture funding in business. Limited liability partnership firm is a new business structure in India formed under the Limited Liability Partnership Act, 2008.

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Advantage of Limited Liability Partnership

LLP is a Limited Liability Partnership where the owners have a limited liability. LLP is a Partnership which can be considered as an “Ideal Partnership”. A LLP is a corporate body which is a Legal Entity separate from its partners. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. It has Perpetual Succession. LLP has limited liability over the Owner as well as the partner’s thus making it less risky for the owners and partners to invest and it also has an individual identity from its partners thus making it an “Ideal Partnership”. A LLP needs to have at least two partners.

Benefits of (LLP):

  • Cost Effective:
  • Ownership:
  • Less Capital:
  • Audit not Mandatory:
  • Less Legal Compliances:
  • No limit over maximum no of Partners:
  • Perpetual Succession:
  • Easy Transferable Ownership:
  • Taxation:

LegalWiz.in provides online services for Limited Liability Partnership at a rate of Rs.3,906 + govt. fees and GST. You can contact us by writing to us

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