LIMITED LIABILITY PARTNERSHIP

1. What is a Limited Liability Partnership?

The concept of Limited Liability Partnership was introduced through Limited Liability Partnership Act, 2008. It contains within, the advantages of both a Company and a Partnership Firm and disables all the disadvantages suffered by both concepts i.e. Company and Partnership Firm. Unlike Partnership, in LLP, one partner is not responsible or liable for another partner's misconduct or negligence. LLP also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the LLP's employees or other agents. Other Important advantages of LLP are No limit on owners of business, Lower Registration Cost, No requirement of compulsory Audit, Dividend Distribution Tax (DDT) not applicable, lower compliance burden, So LLP is one of the easiest form of business to incorporate and manage.

2. Requirements of Incorporating LLP?

  1. Obtain Digital Signature Certificate-The first step towards incorporation of a Limited Liability Partnership is getting DSC for intended Designated Partners (Min. 2 partners) of proposed Company.
  2. Obtaining Designated Partner Identification No.- After getting DSC, DPIN (Designated Partner Identification No) is obtained for intended partners
  3. Approval of LLP’s name- After DSC and DPIN, the next step is to take name approval. A minimum of one and Maximum six proposed names can be submitted in order of preference and available name will be approved
  4. Registration of LLP- Final step towards incorporating a Limited Liability Partnership is to get it regd. with state ROC.

3. Documents Required ?

  1. Recent Two Passport Size Photographs of every partner
  2. PAN Card (Self Attested & Certified by Gazetted officer/Notary) of every partner.
  3. Address Proof  (Passport/Driving License/Voter id/aadhar card ) (Self Attested & Certified by Gazetted officer/Notary ) (Details should match the details of PAN) of  every partner.
  4. Copy of Utility Bill of Proposed Reg. office (Telephone/Mobile/Electricity/Gas Bill) (Not Older than 2 months & Notarized)
  5. Land Line No. of Proposed Regd. Office
  6. Other Forms/Documents required are to be Provided/Prepared by us.

4. Time Required for Company Incorporation ?

Baxicorporate will get the LLP incorporated within 10-14 working days subject to ROC processing time

5. Pricing ?

For Pricing and other details Click  

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