Limited Liability Partnership

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Limited Liability Partnership

According to the Jurisdiction, the liabilities of partners in a Limited Liability Partnership or llp is limited. Go Company provides the services needed for llp company registration in india. If you need services for llp incorporation, then contact the experts of Go Company and get the best online incorporation services for any type of company or business in india.

Salient Features

  • Limited Liability Partnership have limited liability for partners.
  • Limited Liability Partnership can sue or be sued in its own name.
  • Limited Liability Partnership Firm works on the basis of an agreement.
  • In the Limited Liability Partnership Firm, if the partner is personally liable for debts and losses then its result of its own wrongful actions.
  • In the Limited Liability Partnership, the losses and debt obtain by a partner is not personally liable for other partners of that LLP.
  • Every Limited Liability Partnership should have minimum two partners and two individuals as the Designated Partners in which at least one should be Indian Resident.

Pros

  • In LLP there is less compliance burden.
  • Registration cost of Limited Liability Partnership is low.
  • As compared to Private Limited, Limited Liability Partnership is more hassle free and flexible.
  • Limited Liability Partnership have separate legal entity.
  • LLP have perpetual succession.

Cons

  • For two foreign partners, its mandatory to have one Indian Resident Partner to form an LLP in india.
  • The duration required for the formation of Limited Liability Partnership is more when compared to Partnership Firm.
  • A Limited Liability Firm cannot raise money from the public.
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Process to Set up a Limited Liability Partnership

Packages:

Select from the following packages :

  • For Basic
    • 1. Incorporation
    • 2. PAN
    • 3. TAN
    • Rs. 6,999
  • For Standard
    • Basic +
    • 1. Income Tax Return
    • 2. First Year TDS F...
    • Rs. 16,999
  • For Premium
    • Basic + Standard +
    • 1. Stationery Print...
    • 2. Auditors Appoint...
    • 3. First Year Annua...
    • Rs. 21,999

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