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 liable for another partner’s misconduct or negligence. LLP is favoured by Professionals, Micro and Small businesses which are family-owned or closely-held.
Limited Liability partnership offers the benefit of “limited liability” to it’s owners and at the same time it requires 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 enjoy the benefit of limited liability within the partnership.
Why Should You Choose An LLP?At least two partners are required for an LLP registration. There is no limit to the maximum number of partners. If you are the sole owner, you can register as a One Person Company.
Any individual/organisation can become the partner in an LLP including foreigners/NRI’s. However, an individual must be above 18 years and should have a valid PAN card.
Our procedure is 100% online which means that, there is no compulsion for you to be present at our office physically. A scanned copy of documents can be sent to us via mail and we will handle the rest. You will get the company incorporation certificate from MCA via courier at your business address.
We do not have any kind of hidden charges. Our system is completely transparent. After making your payment, we will send you an invoice that is all-inclusive, with no hidden charges. Our team will provide you all the support you need, till you get your LLP bank account.