Limited Liability Partnership Registration or LLP Registration
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 the liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.
We at Brisun Law Firm, have the experience of incorporating Limited Liability Partnership firms in Ghaziabad. Generally, professionals such as Doctors, Lawyers prefer LLP over Companies.
In case you need our services, please write to info@brisunlawfirm.com
+ What is the difference between LLP and traditional partnership firms?
- Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner.
- Under LLP structure, the liability of the partner is limited to his agreed contribution.
+ Whether a charitable activity can be carried out under LLP?
- No. The essential requirement for setting LLP is ‘carrying on a lawful business with a view to profit’.
+ How many people are required to start a LLP?
- A minimum of two partners will be required for the formation of an LLP. There will not be any limit to the maximum number of partners.
+ Can a company be a partner in LLP?
- Yes. A company can be a partner in LLP
+ Who is a designated partner?
- Every LLP shall be required to have at least two Designated Partners who shall be individuals and at least one of the Designated Partners shall be a resident of India. In the case of an LLP in which all the partners are body corporates or in which one or more partners are individuals and body corporates, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.
+ Where is the LLP to be registered?
- LLPs shall be registered with the Registrar of Companies (ROC)
+ Whether foreigners can incorporate LLP?
- Yes, the LLP Act allows Foreign Nationals including Foreign Companies & LLPs to incorporate an LLP in India provided at least one designated partner is a resident of India. However, the LLP/Partners would have to comply with all relevant Foreign Exchange Laws/ Rules/ Regulations/ Guidelines.
Not looking for LLP registration? Click below to find other forms of entity registration :
- Setting up of Proprietary Concern in Raj Nagar Extension, Ghaziabad
- One Person Company or OPC Registration in Raj Nagar Extension, Ghaziabad
- Limited Liability Partnerships (LLPs) Registration in Raj Nagar Extension, Ghaziabad
- Private Limited Company Registration
- Subsidiary Company Registration in Raj Nagar Extension, Ghaziabad
- Setup Branch / Liaison Office in India
Other registration required after LLP registration depending on business :
- GST Registration
- Registration under Uttar Pradesh Shops and Establishment Act
- Profession Tax Registration
- MSME | Udyog Aadhaar Registration
- Employee Provident Fund Registration (PF Registration)
- Employee State Insurance Registration (ESI Registration)
- STPI Registration or Non-STPI Registration
- Import Export Code (IEC)
- Trade License
