LLP Registration : Start your Limited Liability Partnership Now
LLP Registration is a critical first step to begin your Limited Liability Partnership business.
A Limited Liability Partnership or an LLP is a preferred business vehicle for many people today. A LLP gives you some of the advantages of a Company (mainly, Limited Liability) with the flexibility of a Partnership. LLP Registration can now be done online.
What is “Limited Liability”
In a “Partnership”, all your personal assets and belongings can be used to pay the debts of the business.
For example, if Carol starts a Partnership business and suffers a loss of 1 million rupees, her house, car and jewellery can be used to repay the debts of the Partnership. This is called “Unlimited Liability”.
In the case of “Limited Liability”, which comes with an Limited Liability Partnership, only the amount which Carol has invested in the business is liable.
So if carol has invested 500,000 rupees and suffers a loss of 1 million rupees, only the amount she has invested will be used to repay the debts. Her house, car, jewellery etc. are safe!
LLP Registration: How to do go about it?
The entire process of LLP Registration can be done online. This process involves three steps:
Step 1: Getting a Director Identification Number (DIN) for the business
Step 2: Registering the name of your business
Step 3: Submitting your documents and forms with the Ministry of Corporate Affairs
LLP Registration: Why Trust jjassociatez.com?
Worry not, our team is trained to handle the entire process, end-to-end. Just submit some basic documents with us so that we can get started with the LLP Registration process for you.
a. Your Address Proof (like a Driving License or Voter ID card)
b. Your PAN Card
c. A Passport Sized Photo
These documents are required for each person you will have in the LLP. Confused? Ask for sample documents so that you get 100% clarity.
What happens after the LLP Registration is over?
Once you incorporate, you can proceed to protect your brand with a Trademark, Copyright (for your website) and a Patent if you have an invention. Naturally, you may also want to get some basic legal agreements like a Terms of Service prepared.
We can help with this and with the day-to-day management of the business (for example, adding a new Partner to your Limited Liability Partnership business).
Get an LLP Registration Done Now Online!
You can fill up the simple form on this page to learn more about a Limited Liability Partnership. Our team will send you an email instantly and follow that up with a 1-to-1 call, if required.
You can read more about LLP at wikipedia.