What happens in a limited liability partnership is that the liability is limited to shares similar to that of corporate shareholders. But unlike the case that is with corporate shareholders, the partners in LLP can manage the business directly. They are also not responsible for the other partners misconduct.
- Separate Legal Entity
- Easy transferability
- Limited Liability
- Lesser Compliance Level
- Low management cost
How do we do it?
SDM Associates can incorporate a Limited Liability Partnership in 10 to 15 days, subject to ROC processing time.
Obtaining DSC & DIN
Digital Signature Certificate(DSC) and Designated Partner Identification Number(DPIN) are required for the proposed Partners of the LLP. DPIN and DSC can be obtained for the proposed Partners within 2-3 days.
A minimum of one and a maximum of two proposed names must be submitted for RUN (Reserve Unique Name)to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 2 to 3 business days.
Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5-7 days, subject to ROC processing time.
Documents required for LLP Agreement
Related to Proprietor:
Bank account details
- Copy of Cancelled cheque
- Bank statement
- First page of Passbook
Proof of Principal Place of business :
- Owned office: copy of utility bill/ Property Paper
- Rented office : Rent agreement copy/ NOC from the Landlord
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