Affidavits Power of Attorney General
Gift Deed Movable Property Gift Deed Immovable Property
Start-up India Registration Cheque Bounce Notice MSME Registration Web & IT Compliance
Trademark Registration Trademark Objection Trademark Opposition Trademark Renewal
TDS Return Advance Tax Filing GST Registration GST Return Filing Income Tax Return Filing PAN Registration
Private Limited Company Limited Liability Partnership One Person Company Partnership Firm Sole Proprietorship
Incorporating an LLP? You can rely on us for flawless guidance and support!
In India, professionals like CAs, CSs, etc., are prohibited from operating in the form of a company, hence, they operate as partnership firms. One thing to note about partnership firms is that partners have unlimited liability, i.e., in case a partnership firm fails to pay its obligations, the partners have to meet the obligation out of their own pockets. To overcome this, a new concept was launched in the form of Limited Liability Partnerships in 2009. An LLP has combined features of a private limited company and a partnership firm, offering limited liability to its members without a substantial increase in legal or corporate compliances.
Like a private limited company, LLPs are registered under the Ministry of Corporate Affairs too. Registration as an LLP involves various steps listed below:
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