How to Form a LLP Company in India
How to Form a LLP Company in India
"Call Our Business Plan Experts at +91-72999-72500"
LLP registration is an alternative form of business introduced by the LLP Act 2008. An LLP combines the advantages of both a Company and Partnership firm in one. It's a distinct legal entity that's separate from the partners, which means each partner is not liable for the debts and liabilities of the LLP. Similarly, it's easy to transfer ownership of an LLP to another person.
A minimum of 2 partners are required to form an LLP, and there is no upper limit on the number of owners. Unlike partnerships, LLPs are expected to get their accounts audited every year.
To register a LLP, the designated partners have to submit certain documents such as ID proof, address proof, passport size photograph, etc. The PAN card of the partners will be used as the primary ID proof, and it's important that the name and other details mentioned in the LLP agreement match with those on the PAN card. Address proof can be in the form of a bank statement, telephone bill, utility bill, or residence card. In case the address proof is in a language other than English, a notarised or apostil led translation copy of it should be attached.
Moreover, the LLP agreement should be drafted carefully based on the partners' requirements. To start the LLP formation process, all the designated partners need to acquire a digital signature certificate (DSC). The DSC is required for signing all documents filed with MCA. It should include the details of the LLP, such as its object, place of business, capital contribution, profit sharing ratio, rights and duties of the partners in the event of admission, resignation, retirement, cessation or expulsion, proposed management structure, etc.
Tel:+917299972500
.jpg)
Comments
Post a Comment