A Limited Liability Partnership is a type of partnership in which partners liability is very limited. In limited liability the term “limited’’ denote that there is limited liability and partners are not entirely responsible for company. In an LLP company registration, one partner is also not liable for another partner’s misconduct or negligence. This is the fundamental difference from that of an unlimited partnership.
Limited Liability professionals tend to rely heavily on reputation. Most important, reducing costs allows the partners to realize more profits from their activities than they could individually. The partners in an LLP can also have a number of junior partners in the firm who work for them in the hopes of someday making full partner. And junior partners have no stake in the partnership they get the salary for their contribution and work in the company.
Under the Limited Liability Act, 2008 LLP companies were introduced to provide a company registration that is simple to incorporate and offers the limited liability to the owners. The LLP company registration has become popular in recent years among the startups and businesses. If you want to register an LLP company then we are here for your service. GSB Infotech is the leading consultant in LPP company registration. We offer a variety of services in company registration, society registration, Fssai license registration, section-8 company registration and other business advisory services. We can help you to get LLP company registration within 14-15 days.
Limited liability Protection- One of the biggest benefit of such company is the limited liability protection. The term ‘limited’ in limited liability partnership means that the partners have a limited liability. If anything happens to the company or entity than the partners and owners are not responsible for this.
Minimum Number of members: For an LLP company registration intially two members are required and but there is no limit on the maximum numbers of the partners.
No minimum capital requirements: There is no requirement of minimum capital in a LLP company registration.
Separate legal entity: A private limited company is the legal entity, established under the Companies Act 2013. A member (Shareholders/Directors) has no personal liability to the creditors of a for the company’s debt.
Easy transferability: The ownership of the firm can easily be transferred by transferring the shares of the firm. Transferability or sharing the owners of the company becomes the major hurdle in unregistered partnerships.
Borrowing Capacity: Limited Liability Companies can also raise equity funds in India.
What are the documents required for the registration of a LLP company?
PAN Card: PAN card of the directors and shareholders. However if the director belongs to the foreign national then a copy of a passport is entailed.
ID Proof: Adhar card, voter id and driving license of shareholder and director.
Address proof: Telephone bills, electricity bills, water bills and bank statements are mandatory for the limited liability company registration. These documents must not be older than two months of the current date.
Scanned passport size photo of the director: Latest passport sized color photos of the director and shareholder.
Registered office proof: Latest telephone bill, water bill and electricity bill of the registered office.
What is the registration process of LLP company?
- Digital Signature Certificate: The director of the firm should have a digital signature. The digital signature certificate is very important to file any registration, ROC compliance forms and the tax returns of the company.
- Director Identification Number: When the digital signature is approved you will get an email from Registrar of the company for your eligibility to be the director of the company. It would take 2-3 working days to approve the DIN of Limited Liability partnership registration.
- Name Reservation: After DIN allotment, the other vital step is to file a ‘name approval application’ to ROC on your company’s behalf.
- Final Incorporation and CIN: After name approval from the registrar of the company, file the incorporation form with all supporting documents. The registrar of the companies takes 3 working days to complete the approval.
GSBtaxation.com is the leading consultancy for Limited Liability partnership company registration in Delhi. We will help your company in the process of limited liability company registration, Our team will give solutions to all your queries regarding the limited liability partnership company registration and help you take decisions easily. We offer our services at affordable prices that too with higher customer satisfaction.
GSB Infotech, offers legal services in India. We offer more than 100+ services legal services and have been working for 10+ years. GSB Infotech is the leading service provider in
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