A Limited Liability Partnership (LLP) is a unique business structure that combines the flexibility of a partnership with the limited liability protection of a corporation. At startup legal advisor, we believe in the power of collaboration and aim to provide entrepreneurs and professionals with a framework that fosters joint enterprise while protecting individual assets.With our legal expertise, LLP partners benefit from comprehensive support in LLP formation, agreement drafting, compliance, and ongoing legal requirements, minimizing legal risks and promoting a secure business environment.Every LLP is unique. Our services are tailored to the specific goals, dynamics, and aspirations of each partnership, ensuring that our support aligns seamlessly with their vision.We maintain transparency in all our dealings, ensuring that LLP partners have a clear understanding of the services provided, associated costs, and the overall status of their Limited Liability Partnership.

Key Features of a Limited Liability Partnership (LLP)

  • Limited Liability: The primary advantage of an LLP is that its partners enjoy limited liability, protecting their personal assets from business debts and liabilities.
  • Flexibility in Management: LLPs offer flexibility in terms of management structure. Partners can choose to actively participate in day-to-day operations or take a more passive role, depending on the agreement.
  • Separate Legal Entity: An LLP is recognized as a separate legal entity distinct from its partners. This legal separation allows the LLP to enter into contracts, own assets, and incur liabilities in its own name.
  • Perpetual Existence: The existence of an LLP is not affected by changes in the ownership or departure of partners. It continues to operate seamlessly, providing continuity and stability.
  • Ease of Compliance: LLPs have fewer compliance requirements compared to traditional corporations, making them an attractive option for professionals and small to medium-sized enterprises.

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What details required to set up LLP in India?

You need to arrange very simple details of Partners like photograph, Pan card and one address proof. For more details, please fill the above details and Get started now

Do I have to have office (commercial) space to start a LLP?

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of LLP. This office address can be changed at any time after incorporation of LLP. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.

What is DIN? What is the importance of DIN in LLP Registration?

Director Identification Number (DIN) is a unique identification number required for a person to become Partner of LLP. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a Partner of an LLP.

What is DSC? Why is DSC important for LLP Registration?

A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for formation of LLP. Digital Signature cannot be used in physical documents.

What is LLP Agreement?

LLP Agreement is byelaws or rules based on which important matters like main business of the LLP, capital or meetings is decided. This is a standard legal document prepared by Company Secretaries during registration of LLP.