Limited Liability Partnership, popularly known as LLP, is a worldwide recognized form of business organization. Introduced in India by way of the Limited Liability Partnership Act 2009, LLP combines the advantages of both the Company and Partnership entities into a single form of organization.
LLPs need only two (2) Designated Partners and an LLP Agreement to commence its business operations. The Compliances under the LLP Act are fewer than those of a Company form of Organisation and hence most suited to small and medium-sized Business Organisations. Young Entrepreneurs or First Generation Entrepreneurs prefer LLP to all other forms of organisation.
LIMITED LIABILITY PARTNERSHIP
- Obtaining DIN and Digital signatures for Partners
- Seeking availability of desired Name of LLP
- Incorporation of Limited Liability Partnership (LLP) Firm
- Drafting and vetting of LLP Agreements
- Conversion of company or partnership firm into Limited Liability Partnership
- Annual Compliances and Filling of returns, statement of account etc
- Providing necessary guidance in Restructuring in LLP
- Executing process of Admission, Retirement / Resignation / Capital Restructuring and all other types of Restructuring in the LLP
- Advising and guiding on Taxation driven Restructuring in the LLP
- Providing Event based Services like changing Name of LLP, shifting Registered Office of LLP within or outside State etc
- Facilitating FDIs in LLP and making all related FEMA Compliances with Reserve Bank of India