DPIN for 2 Partners
DSC for 2 Directors
Name search & approval
ROC registration Fees
LLP PAN Card
Partner Documents ?
1 Self Attested PAN Card Copy
Self Attested copy of any one of the Identity Proof(Voter's ID/Passport/Driver's License)
Self Attested copy of Address Proof in the name of director (Any utility bill i.e., mobile bill/water bill/ electricity bill, or bank statement which should not be older than two months)
For registered Office
Rent Agreement (Notarised: For rented property)
Sale Deed/Property Deed in English (in case of owned property)
No-objection Certificate from property owner
Latest Electricity Bill / Mobile or Telephone Bill / Latest Bank Statement/Gas Bill
What are the legal requirement of forming LLP ?
Any group of persons who have or want to invest money in a business can start an LLP. A person or an investor becomes a partner, according to the LLP agreement, as provided in the Act of 2008.
Who can become a partner in LLP ?
Any individual/organisation can become the partner in LLP including foreigners/NRI’s. However, the individual must 18+ above in terms of age and should have a valid PAN card.
What is minimum & maximum number of partners required to form LLP ?
Minimum 2 partners are required to form a LLP & there is no limit on maximum number of partners.
What are the advantages of forming LLP ?
No Limit on maximum number of partners, can have partners all round the globe Can enter into partnership with professionals of other disciplines Limited Liability except in case of fraud Not liable for acts of other partners No exposure to personal assets LLP will be treated as Body Corporate and shall have perpetual succession Joining & Cessation of partners, will not lead to dissolution of the firm. Less compliances More creditworthiness than partnership.
What type of organisaton is restricted under LLP ?
LLP can not be formed for Non-profit activities.
Can LLp be converted into other forms ?
NO, LLP can't be coverted into other forms likr Pvt ltd company or public ltd company.
Who mostly preferred LLP ?
Professional Service firms Preferred to form LLP.