LLP is an extended version of Partnership firm. A partnership firm is the oldest forms of business and easy to form whereas LLP is the new form of corporate business available to the partners who wish to start small and medium enterprise that provides the benefits of limited liability of a company along with the flexibility of a partnership. Limited liability partnership is abbreviated as LLP; Solubilis offers the registration of LLP with the experts. LLP registration is quite easy, when compare to other form of business entity. We work to satisfy our clients need and make their registration process as simple and quick. We are the certified company who follows the norms and terms of government.
Identity Proof of each partner, (Aadhar Card, Passport, Driving License or Voter ID Card)
Address Proof of all partners (Bank Statement or Passbook, electricity bill, telephone bill, Aadhar card or any utility bill)
Copy of telephone bill, electricity bill or Bank Statement of all Partners with Present address
Digital signature Certificate and Proof of Registered office Address.
Benefits Of LLP Registration
Partners’ liability of the LLP is limited and it is limited only to their contribution by them to the LLP.
Separate Legal Entity:
LLP registration in Coimbatore is a separate legal entity and a juristic person distinct from its partners and both can sue each other and be sued.
Continuity of existence of the LLP:
LLP continue to exist even after the death of the partner.
Transferability of ownership:
The ownership of a LLP can be easily transferred to another person.
No need of compulsory Audit:
Compulsory audit is not necessary for an LLP firm.
Limited Liability Partnership is a new form of business registration governed by Limited Liability Act, 2008. LLP is a separate legal entity and perpetual succession in line with private limited company. The major feature is liability of the partners is limited to the investment of capital amount. The partners are not personally liable for the debts of the company.
Minimum 2 designated partners are mandatory to from a limited liability Partnership. There will not be any maximum limit of partners prescribed for this LLP.
Limited Liability Partnership (LLP) registered in India must have a registered office - All communications will be sent to the address by Ministry of Corporate Affairs and other government concerns. The registered office of LLP can be anywhere in India. Copy of Electricity bill of premises required along with that rental agreement is required, if office taken on rent.
There is no capital limit to form a Limited Liability Partnership, We can start with a capital of even Rs.5000/-.
Normally registration of limited liability partnership takes 10 to 15 working days. But the processing time varies subject to the provision of documents by client and the time taken by MCA for approval.
Yes, A Company or a partnership firm can be converted into LLP
Yes, Foreign National / NRI can be designated partner in limited liability partnership, but it mandatory to have at least one Indian Resident to be Designated Partner.
LLPIN is a 7-digit alpha numeric registration number allotted by Ministry of Corporate Affairs, Government of India, to an LLP.
For example, AAA-0002 is the number allotted by the Ministry of Corporate Affairs to Companies Inn Consulting LLP, the first LLP registered online in India.