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Only Scanned Copies are required
* The above mentioned fee has been calculated on minimum contribution of Rs.100000
** Stamp duty for LLP agreement has to be borne by the applicant
* The above mentioned fee has been calculated on minimum contribution of Rs.100000
** Stamp duty for LLP agreement has to be borne by the applicant
Under the Limited Liability Partnership Act of 2008, a Limited Liability Partnership, or LLP, is a recognized legal entity. In traditional Partnership, the liability is unlimited. Liability. On the other hand, liability in an LLP is restricted. It provides you with the freedom of a partnership and the advantages of a company, acting as a medium ground between the two.
An LLP is registered in accordance with the Ministry of Corporate Affairs (MCA) guidelines. It has emerged as one of India’s most favored types of legal entities in recent times.
India’s top portal for online LLP registration is Trademark and Legal Hub. Anywhere in India, Trademark and Legal Hub
can assist you in swiftly registering your limited liability partnership (LLP).
The main benefits for LLP Registration in India are as follows:
| Limited Liability Partnership (LLP) | Private Limited Company |
Structure | It is a hybrid structure that combines the features of both partnerships and limited companies | It is a more formal and structured business entity. |
Benefits | It offers operational flexibility and a partnership-based approach. | Builds a scalable enterprise with potential for substantial investment and greater credibility |
Choice | For professional services firms wishing to reduce their own financial exposure, including law firms and accounting offices, this is a better option. | For startups and businesses hoping for expansion, scalability, and the chance to draw big investment, it is a better option.
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Regulatory Compliance | Less stringent compliance requirements compared to a Private Limited Company | More extensive compliance requirements, including annual filings, board meetings, and statutory audits |
Costs | Lower formation and maintenance costs compared to a Private Limited Company. | Higher formation and maintenance costs due to compliance requirements and statutory audits. |
A minimum of 2 partners are required to form an LLP as per the LLP Act, 2008. No maximum limit for the number of partners in the LLP
Yes, an NRI or Foreign National can be a partner in the LLP. The only requirement is that at least one Designated Partner should be a resident of India
No, at experts advice.com, the LLP registration process in completely online. You just need to send scanned copies of all the documents required for the incorporation.
Yes, you can register an LLP at your residence. You only need to submit any utility bill along with the No Objection Certificate (NOC)
Yes, the LLP can be converted to a Private Limited Company.
Yes, the conversion of a Partnership Firm to an LLP is possible.
Yes, one can be a partner in an LLP, Director of a Private Limited Company or OPC even if he is already employed. There are no such restrictions. However, you must ensure that your employment agreement does not contain any restrictions for you to become a Director of any company or a Partner in an LLP.
Yes, FDI or Foreign Direct Investment is allowed.
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