Limited Liability Partnership (LLP) is a newly introduced corporate entity type in India aimed at small and medium sized businesses. A LLP provides many of the benefits of a Private Limited Company while being easier to maintain compliance.
LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since, LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its lifecycle.
LLP Formation Documents Required
To register a 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
The PAN Card of the Partners and the Address Proof the the Partners is required to start the LLP formation procedure. The documents pertaining to the Registered Office of the LLP can be submitted after obtaining name approval for the LLP from the Registrar of Companies.
Limited Liability Partnership (LLP) :
Limited Liability Partnership (LLP) is a newly introduced corporate entity type in India aimed at small and medium sized businesses. A LLP provides many of the benefits of a Private Limited Company while being easier to maintain compliance.
LLP is one of the easiest form of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since, LLPs are not capable of issuing equity shares, LLP should be used for any business that has plans for raising equity funds during its lifecycle.
LLP Formation Documents Required
To register a LLP in India, the following documents are required:
The PAN Card of the Partners and the Address Proof the the Partners is required to start the LLP formation procedure. The documents pertaining to the Registered Office of the LLP can be submitted after obtaining name approval for the LLP from the Registrar of Companies.