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LLP Registration is an upgraded form of Partnership, which has limited liability features of Private Limited Company and the flexibility of a Partnership firm. Maintenance cost of an LLP and simplicity in formation is one of the prime reasons why it has become a preferred choice for entity incorporation.
LLP is a form of partnership which is registered under Limited liability Partnership Act, 2008 where liabilities of all the partners is limited to the extent of contribution bought by them. It helps owners to limit their liabilities while enjoying advantages of a limited company which is an edge over a traditional partnership firm.
No partner is liable on account of unauthorized actions of other partners, thus individual partners can safeguard them from joint liability arising from misconduct of other partners. LLP as an organization is mostly preferred by professionals, micro and small businesses.
Let’s take a look at the advantages of an LLP firm:
The process of registering your business as an LLP is complicated and involves various compliances. Our experts at Professional Utilities can simplify the whole registration process for you. Register your company online in 3 easy steps:
There are certain minimum requirements for LLP registration that need to be met. Here's the quick checklist:
As per Limited Liability Partnership Act 2008, you are required to provide proper identity proof of partners and address proof of office for llp registration.
For registration of Limited Liability Partnership, the total cost involved in the whole process is described below:
Particulars | Fees |
DSC for two partners | Around ₹ 3000 |
DPIN for two partners | FREE of cost! |
Stamp Duty | Depends on the state where LLP is formed. For New Delhi, stamp duty for capital contribution upto 1 lakh is Rs. 750. |
Name reservation | ₹ 200 |
Incorporation |
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LLP Form 3 |
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The LLP formation process takes around 10 days.
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