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SearchThe Limited Liability Partnership Act, 2008
A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Benefits of LLP
- LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession.
- LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.
- The management-ownership divide inherent in a company is not there in a limited liability partnership (LLP).
LLP Formation Documents Required
To register an LLP in India, the following documents are required:
- PAN Card of the Partners
- Address Proof of the Partners
- Utility Bill of the proposed Registered Office of the LLP
- No-Objection Certificate from the Landlord
- Rental Agreement Copy between the LLP and the Landlord with NOC
- Digital Signature Token Required
₹ 6000
₹ 12500
Procedure for Incorporation of LLP
Step #1: Obtain Digital Signature Certificate (DSC) for the Partners
Step #2: Obtaining Director Identification Number for the Partners
Step #3: Obtaining Name Approval
Step #4: Filing for Incorporation
Step #5: Certificate of Incorporation-: Incorporation certificate shall be generating by LLPIN
Step #6: Preparation of LLP Agreement-: After Incorporation of LLP. Partners have to execute the LLP Agreement. LLP Agreement shall execute on Stamp Paper. (amount of Stamp Paper 1% of Capital of LLP). LLP Agreement shall be file in e-form LLP-3

