Limited Liability Partnership (LLP)
LLP is similar to partnership firm with additional benefits of corporate identity and separate legal existence of firm from their partners. Start your partnership firm business in form of LLP with GrowBizz today and get complete registration within 3-7 working days. Our professional team helps you easy and quick registration of LLP with online documentation, filing and registration with MCA/ROC.
Advantages of Limited Liability Partnership
- Convenient to establish
- Separate legal existence
- Limited liability to capital contribution
- No requirement of minimum capital
- No limit of number of partners
- Lower registration cost as compared to private limited
- Audit is mandated after cross of specified limit
- Taxation would be applicable similar to partnership
- Lower compliance of ROC as compared to private limited
- Flexible partnership agreement possible
- Easy to wind-up
Documents required for Registration
- Pan Card of Partners
- Address Proof of Partners (passport / election card / ration card / driving license / aadhaar card)
- Residential Proof of Partners (Electricity bill / Telephone bill / Bank Statement / Mobile bill)
- Passport Size photographs of Partners
- Rental agreement between LLP and owner
- Copy of utility bill of place of business
- No objection certificate from owner
- Unique business name
- Email-ID and Mobile numbers of all partners
Disclaimer:
Additional details or information or documents other than mentioned in above list; may be called if required.