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Limited Liability Partnership

9499 INR /- All Inclusive, No hidden Charges
Cost 7,999 INR
Free LLP Name Search Name Reservation
Free Consultancy LLP Agreement
2 DSC, PAN & TAN DPIN of 2 Directors

Limited Liability Partnership 9,999 INR /-

No Govt. Fees
Company Registration in just 15-20 Days

Limited Liability Partnership

The Limited Liability Partnership Act, 2008 introduced the Limited Liability Partnership in India. This is totally different from the other company formation norms. The good thing about the LLP is in the partnership process one partner will not be accountable for the fault of the other partner. For a business , the associated partners have the right to control the business.

Contrary to unlimited partnership, in an LLP, one partner cannot be held accountable for another partner’s negligence and misconduct. This is a salient feature of LLP and might be the biggest reason behind its rising popularity in India. In an LLP, all associated partners come together to get form of limited liability for each individual’s protection with the partnership, alike the shareholders of a business. However, unlike corporate shareholders, the partners have the authority to run the business directly. An LLP also bounds the personal liability of a partner for the faults, oversights, incompetence, or negligence of the LLP's employees or other agents. With regards to the partner’s involvement, there will be separate legal entity.

Kanoonvala has a different expertise team for LLP we make your dream business grow full-fledged. We try to give full involvement from our team members and as LLP is easy to manage.

Benefits of Limited Liability Partnership

  • Famous and accepted type of business across the world
  • Low cost of Incorporation
  • Easy to setup
  • Easy to manage
  • No cap on minimum capital contribution
  • No restrictions in regard to maximum number of partners
  • LLP & its partners are separate from each other
  • Partners are not liable for Act of partners
  • Less Compliance level.
  • No exposure to personal assets of the partners except in case of fraud
  • Less requirement as to preservation of legal records
  • Less Government Interference
  • Easy to dissolve or liquidity
  • Professionals can form Multi-disciplinary Professional LLP, which was not permitted earlier.