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Limited Liability Partnership (LLP)
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Limited Liability Partnership (LLP)
LLP was launched in India via the “Limited Liability Partnership Act, 2008”. The most important benefit of a “Limited Liability Partnership” is that, one partner is not Responsible for another partner’s misconduct or negligence. LLP is Preferred by Professionals, Micro and Small businesses which are family-owned or closely-held.
Limited Liability partnership gives the benefit of “limited liability” to its owners and at the same time it need very minimal maintenance. The owners of a “Private limited company” have limited liability to their creditors. And in the case of a default, banks/creditors can only sell the company’s assets and not the personal assets of the directors.
An LLP also provides “limited liability protection” to the owners from the debts of the LLP. Accordingly, all partners in an LLP Likes the benefit of limited liability within the partnership.
LLP Registration can be done by TAXMATE which has its offices in PAN India with the Help of Various Associates, Partners Etc., Like Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Vijayawada, Ahmedabad, Jaipur, and all other Indian cities.
Why Should You Choose an LLP?
- It provides “dual advantages” of both a “Company and a Partnership”.
- No partner will be responsible for any kind of misconduct by the other partner.
- Low Cost to incorporate than a “Private limited company”
Documents Required for LLP
- Self-attested Colour Copy of Aadhaar card of partners
- Self-attested colour copy of PAN of partners
- Bank statement / Utility bill of partners
- Voter ID / Driving License / Passport of Partners
- Photos of the partners
- Registered Office Proof like Utility Bill Etc.
- Rent agreement / NOC from owner
Taxmate is a renowned business platform and a Growing concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Partnership Firm and registration of Partnership deed is easy, smooth, cheapest and quickest with Taxmate.co Apart from a Partnership Firm, Taxmate also helps entrepreneurs with Sole Proprietors, HUF, OPC Registration, LLP Registration, Private Registration, Public Limited Company Registration, easily. You may get in touch with our compliance manager on 9966644632 / 9966643242 or email : info@taxmate.co for free consultation.
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