LLP Registration Services

Limited Liability Partnership (LLP) is elucidated as a balanced structure, conveying benefits conventional partnership and limiting personal liabilities of the partners. It is formulated as a contractual agreement amongst the partners under the Limited Liability Partnership Act, 2008. It has swiftly become a voguish choice for services and professional firms like that of the Chartered Accountants, recruiting firms, consulting businesses, etc.

It is an auxiliary corporate business form that furnishes the benefits of limited liability of a company and the pliability of the partners. LLPs are equivalent to Private Limited Companies with respect to the compliance and the operational needs and requirements. It is ideally acknowledged as a separate legal entity and unlike the partners it can contract or entail in any legal proceedings in its own name. Thus sanctioning the partners of an LLP to separate business liabilities or debts or being recovered from their personal assets. Compliance requirement at LLP is slightly greater than the regular partnership firms, yet as compared to a Private Limited Company Structure it is streamlined to assimilate and sustain.

The LLP can pursue its existence with dynamic partners. It is competent of entering into contracts and holding property in its own name. However the LLP firm is a separate legal entity and it is entitled to the entire extent of its assets but entitlement of the partners is limited to agreed contribution in the LLP.

Our LLP Registration Package Includes: