What is LLP Incorporation Overview

Limited Liability Partnership (LLP) in India took shape after January 2009, making it an instant success with startups and professional services. Limited Liability Partnership (LLP) Registration as the name suggests defines limited liability to its partners. Thus it has features of both, a corporation and a partnership. One partner is responsible for only his own actions and not the actions of his partner. LLPs are governed by Limited Liability Partnership Act(LLP Act), 2008

Documents Required For LLP Incorporation

1. Copy of PAN Card of partners
2. Passport size photograph of partners
3. Copy of Aadhaar Card/ Voter identity card/ Driver’s license as address proof
4. Electricity/ Water bill/ Telphone bill/ Latest bank statement as proof of Registered Office (Business Place)
5. Copy of Sale Deed/Property Deed (If owned property)
6. Landlord NOC (Format will be provided)
7. Passport (in case of Foreign Nationals/ NRIs)
8. Digital Signature Certificate
9. Copy of Notarized Rental Agreement
10. Copy of NOC from the property owner

Benefits Of LLP Incorporation

1. Limited Liability Protection to Directors personal assets
2. Separate Legal Existence & Operational Flexibility
3. Better image and credibility in Market
4. No Audit Requirement & Minimal Compliances
5. Suitable For Small Business