COMPANY INDIA

Six Main Benefit of LLP

1. Separate legal entity
2. Flexibility without imposing detailed legal and procedural requirements
3. Partners are not liable for Act of other partners
4. Easy to dissolve or wind-up
5. Professionals like CS / CA / CWA / Lawyers can form Multi-disciplinary Professional LLP

No requirement to maintain statutory records except Books of Accounts.

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Four Limitation of LLP

1. LLP cannot raise funds from Public
2. Any act of the partner without the other may bind the LLP.
3. Under some cases, liability may extend to personal assets of partners.
4. No separation of Management from owners

Pre-requisites for registering a LLP

• Minimum 2 Partners (Individual or body corporate)
• Minimum 2 Designated Partners who are individuals and at least one of them should be resident in India
• Digital Signature Certificate
• LLP Name and Agreement
• Registered Office

Partner of LLP 

Partner of LLP can be consisted of  

• Companies
• LLP
• Individuals Resident

For further details please

LLP Name

          Selection of business name is crucial for the image of your venture. You select a name which reflects the business you plan. Ensure selected name satisfy LLP Name Guidelines of Ministry of Corporate Affairs.

COMPLEMENTARY SERVICES

EMAIL US THE PROPOSED NAME OF LLP AND WE WILL REVERT BACK WITH OUR SEARCH WITH GOVERNMENT WHETHER ANY LLP IS FORMED WITH THE NAME OF YOUR FIRM AND NOT

LLP Agreement

          Like partnership, partners of LLP can frame agreement for defining their terms, profit sharing ratio etc. The basic contents of Agreement are, Name of LLP, Name of Partners and Designated Partners, and Form of contribution, Profit Sharing ratio and Rights and Duties of Partners.

          In case no agreement is entered into, the rights & duties as prescribed under Schedule I to the LLP Act shall be applicable.

For further details please

Email to: info@companyindia.co.in

NOTE : LLP OFFER A GREAT FLEXIBILITY BUT WRONG DRAFTING CAN DEPRIVE YOU FROM THESE BENEFITS

Registered Office

          The Registered office of the LLP is the place where all correspondence related with the LLP would take place, though the LLP can also prescribe any other for the same. . A registered office is required for following purposes. At the time of incorporation, it is necessary to submit proof of ownership or right to use the office as its registered office with the Registrar of Companies.

Email Us for Registration of LLP