Limited Liability Partnership
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LLP Company Registration
VS Legal
LLP is an Incorporated Partnership Firm registered under Limited Liability Partnership Act, 2008 with limited liability and has a perpetual succession.
LLP is a hybrid between a Company and Partnership Firm. The LLP is a separate legal entity, where no partner is liable for unauthorized the action of the other partners and liability of the partner is restricted to this own Contribution and LLP is flexible in structure & operation in management, due to flexibility in structure and operation in management, LLP is suitable for small enterprises. Unlike a Private Limited Company, the Partner of LLP have the right to manage the business.
LLP agreement describes the Roles, Rights, Duties, Responsibilities and Liabilities of the Partners. If you want to register your Limited Liability Partnershipthan VS IPR & LEGAL ADVISORS will help you in Registration and all the Compliance after Registration.
Analysis On Limited Liability Partnership
VS Legal
2
Minimum Designated Partner
Unlimited
Maximum Designated Partner
Registration Benefits of LLP
VS Legal
1
Simplicity:- LLP is a simple form of partnership business and easy to Incorporate with limited liability and minimum partners.
2
Lesser Compliance:- The compliance requirement of the LLP is lesser as compared to the Private Limited or Public Limited Company. There are only 2 annual forms and a Partner KYC form to be submitted with ROC in a year and Audit is not required unless turnover is increased more than 40 lakhs or Capital is increased more than 25 lakhs.
3
Flooded recourses:- More capital can be brought to the LLP as the number of people involved increases.
4
More talent, idea & skill:- Partner brings new skills & ideas to expand the business to take it at a global level.
5
Less tax burden:- No tax was levied on the distribution of profit amongst the partners.
6
Scope of expansion:- Compared to partnership firms LLP has got more Credibility in the Corporate world so the chance of getting Quality and Quantity work is more.
Documents required
VS Legal
PAN CARD
AADHAR CARD
PASSPORT SIZE PHOTO
PASSPORT
DRIVING LICENCE OR VOTER ID
2 PHOTOS
LIGHT BILL
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