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Monday, August 24, 2020

Limited Liability Partnership-A Brief Overview

 

business into llp

The Limited liability partnership is defined as the form of business that offers the benefits of limited liability and flexibility of a partnership firm.  With the formation of LLP, no single partner can be held liable for any other member of the partnership. Also this form of business prevents any harm on the personal assets of partners, in case of a debt or loss in the company.

A LLP firm can be constituted by a minimum of two people with no maximum limit. But at least one of the partners has to be of Indian nationality. For commencing the business of the LLP, the company needs to do LLP registration under the Ministry of Corporate Affairs, as per the guidelines of the Limited Liability Partnership Act, 2008. It provides a legal agreement that governs the rights, duties, and responsibilities of all the partners, to follow all the provisions of the given Act.

Provided below are some prominent reasons to ConvertBusiness to LLP:

  •         It provides a separate legal entity for the firm like private companies.
  •       It limits the liability of partners to the contribution of the partner.
  •      The cost of formation of an LLP is very low.
  •       It provides less compliance and easy regulations.
  •      It does not require any minimum capital contribution.

 

COMPANY REGISTRATION

Email: Contact@Company-Registration.in

Call/Whatsapp: 8800100284

Website:www(dot)company-registration(dot)in/

Address: S-191C, Manak Complex, School Block, Shakarpur

New Delhi, Delhi 110092 








3 comments:

  1. Thanks for sharing this information with us. I found another LLP Company registration in Delhi, site , they provide very helpful services. Are you need an LLP registration company in Delhi, India let's visit our website.

    ReplyDelete
  2. If you are looking for LLP Registration Services in Delhi, they offer comprehensive support for forming a Limited Liability Partnership. These services include name approval, documentation, and filing with the Ministry of Corporate Affairs, ensuring compliance with regulatory requirements. Their experts guide clients through the entire process, making it efficient and hassle-free.

    ReplyDelete

Limited Liability Partnership-A Brief Overview

  business into llp The Limited liability partnership is defined as the form of business that offers the benefits of limited liability and f...