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A Limited Liability Partnership (LLP) is a unique business structure that combines the advantages of a private limited company and a partnership firm. Introduced under the Limited Liability Partnership Act, 2008, LLPs offer:
LLPs are ideal for businesses seeking flexibility, operational efficiency, and legal protection, making them a popular choice for professionals and entrepreneurs.
A Limited Liability Partnership (LLP) is a unique business structure that combines the advantages of a private limited company and a partnership firm. Introduced under the Limited Liability Partnership Act, 2008, LLPs offer:
LLPs are ideal for businesses seeking flexibility, operational efficiency, and legal protection, making them a popular choice for professionals and entrepreneurs.
Required for all partners to digitally sign government documents.
Essential for partners without an existing DIN. This unique ID is issued via the LLP incorporation form.
Select a name adhering to Ministry of Corporate Affairs (MCA) guidelines. Ensure it ends with "Limited Liability Partnership" or "LLP".
Submit essential details about the LLP, partners and registered office. Include declarations from partners agreeing to comply with LLP regulations.
Define the roles, rights, and responsibilities of partners. This document must be filed within 30 days of incorporation.
Registrar of Companies (RoC) issues the certificate, officially recognizing the LLP.
Obtain the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) to begin business operations.
1. How is an LLP registered?
LLPs are registered with the Registrar of Companies (RoC) under the LLP Act, 2008. Partners must file incorporation documents, an LLP agreement, and related forms online.
2. Can foreign nationals incorporate an LLP in India?
Yes, foreign nationals and companies can register an LLP in India, provided at least one designated partner is a resident of India.
3. How long can an LLP name be reserved?
Names are reserved for 3 months. Foreign LLPs can reserve their existing names for up to 3 years in India.
4. Can LLPs have multiple communication addresses?
Yes, LLPs can declare an additional address besides their registered office for receiving statutory notices.
Disclaimer: The information provided on this page is for general informational purposes only and does not constitute legal advice. Procedures, benefits, and outcomes may vary depending on the applicable laws of each state, and responses to frequently asked questions may differ based on individual circumstances.
1. How is an LLP registered?
LLPs are registered with the Registrar of Companies (RoC) under the LLP Act, 2008. Partners must file incorporation documents, an LLP agreement, and related forms online.
2. Can foreign nationals incorporate an LLP in India?
Yes, foreign nationals and companies can register an LLP in India, provided at least one designated partner is a resident of India.
3. How long can an LLP name be reserved?
Names are reserved for 3 months. Foreign LLPs can reserve their existing names for up to 3 years in India.
4. Can LLPs have multiple communication addresses?
Yes, LLPs can declare an additional address besides their registered office for receiving statutory notices.
Disclaimer: The information provided on this page is for general informational purposes only and does not constitute legal advice. Procedures, benefits, and outcomes may vary depending on the applicable laws of each state, and responses to frequently asked questions may differ based on individual circumstances.
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