A Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liabilities. In general terms LLP is a fusion of traditional Partnership Firms and a Limited Company. The partners have limited liability in the company which means that personal assets of the partners are not used for paying off the debts of the company.
The taxation liabilities of LLP are different, and generally less than that of the business corporations. Other benefits of limited liability partnerships are outlined in the section below. A LLP is an optional corporate business form that offers advantages of limited liability of an enterprise and the adaptability of a partnership.
Apply for Digital Signatures.
File the form for approval of name and get the same approved.
LLP Registration Documents filled with Registrar.
Obtaining Certificate from Registrar.
Making LLP Agreements.
Filling Form No. 3.
Get other required registrations and licenses needed for different kind of business.
ID proof of the proposed Partners: PAN Card, Passport, Election Id, Driving License - anyone (Income-tax PAN is a mandatory requirement as proof of identity for Indian Designated Partners and passport is a mandatory requirement as proof of identity for foreign nationals/Partners.)
Address proof of the proposed Partners: Passport, election (voter identity) card, ration card, driving license, electricity bill, telephone bill or bank account statement – anyone.
Passport size photographs of the Designated Partners.
Address proof of registered office.