Limited Liability Partnership (LLP) Registration

Limited liability Partnership (LLP) is a corporate business structure that enables Managerial skills and entrepreneurial capability to join and operate in a workable, innovative and systematic manner, providing benefits of limited liability while permitting its partners the flexibility of organizing their internal structure as a partnership.

Limited Liability Partnership (LLP) Registration

Limited liability Partnership (LLP) is a corporate business structure that enables Managerial skills and entrepreneurial capability to join and operate in a workable, innovative and systematic manner, providing benefits of limited liability while permitting its partners the flexibility of organizing their internal structure as a partnership.

As per sec 2(n) of the Limited liability Partnership (LLP) Act, 2008,  Limited Liability Partnership (LLP)  means a partnership formed and registered under this act.

Characteristics of a Limited Liability Partnership (LLP)

  • Limited liability Partnership formed and registered under Limited Liability Partnership Act, 2008 instead of Partnership Act, 1932.
  • Name of Partnership must contain Limited Liability Partnership (LLP)
  • Limited liability Partnership (LLP) is a separate legal entity and distinguished from its partners.
  • Limited Liability Partnership (LLP) has perpetual succession, change of partner does not affect its legal identity.
  • Minimum number of partners to register Limited Liability Partnership (LLP) is two and there is no maximum limit.
  •  A Limited Liability Partnership (LLP) is a legal entity can sue and be sued.
  • Partners’ liability is Limited, to the extent to their contribution towards LLP, except any intentional fraud or wrongful act of omission or commission committed by any of the partners.
  • Partners act as agent of Limited Liability Partnership.
  • Each Disignated Partners is required to have a Designated Partner Identification Number (DPIN) before being appointed as Designated Partner of the LLP.

Tags : LLP Registration

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02
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03
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Once the Govt. fee is submitted, we continuously monitor it and provide regular updates to the applicant. We also submit any document deficiency raised by the Authority.
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