A Limited Liability Partnership (LLP) is a unique form of partnership that combines features of both partnerships and corporations. In an LLP, all partners have limited liability, which means they are not personally responsible for the actions or debts of other partners. This is in contrast to traditional unlimited partnerships where partners have joint and several liabilities. In an LLP, some partners may have limited liability, similar to shareholders of a corporation. However, in certain countries, an LLP must also have at least one general partner who bears unlimited liability for the company.
To register a Limited Liability Partnership (LLP) in India, several documents are required including PAN cards and address proofs of the partners, utility bill of the proposed registered office, no-objection certificate from the landlord, rental agreement copy, passport-sized photographs, company name, and product/service name. The registration process involves obtaining digital signatures for the partners, applying for Director Identification Number (DIN), getting name approval from Registrar of Companies (ROC), receiving Certificate of Incorporation, filing for Permanent Account Number (PAN), submitting LLP agreements, and opening a current bank account.
No matter what type of business you want to run or the industry you belongs to, Bhakat Associates will take care of the registration process with our easy and affordable services.