LLP Registration

LLP Registration:

The procedure for formation of a LLP is very similar to that of a Private Limited Company incorporation procedure. A minimum of two Partners are required to start the LLP formation procedure and a registered office location is required within India.

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.

Benefits of an LLP

  • Limited liability.
  • Flexibility. 
  • The LLP is deemed to be a legal person. ...
  • Corporate ownership. ...
  • Designate and non-designate members. ...
  • Protecting the partnership name