Here is the Process to register LLP in Punjab

Are you confused about which company type suits your business plan the most? Here’s a complete guide to LLP and its registration. A Limited Liability Partnership (LLP) is a partnership in which partners have limited liability. It can exhibit characteristics of both partnerships and companies. In an LLP, an individual partner is not responsible or liable for any other partner’s misconduct or negligence. LLP was introduced in India in the Limited Liability Partnership Act, 2008.

LLP registration process

• Get a digital signature (DSC)
• Apply for Director Identification Number (DIN)
• Get the name of the company approved through the ‘Reserve your Unique Name’ service (RUN)
• Incorporation of LLP
• File ‘Limited Liability Partnership Agreement’

Read the complete detailed Procedure of LLP Registration.

What are the advantages of registering a business as an LLP?

• An LLP is easier to start and manage and the process has fewer formalities
• It has a lesser cost of registration as compared to a Company
• LLP is like a corporate body having its existence other than its partners.
• LLP can be started with any amount of minimum capital

Know more:  LLP as a Startup- Advantages and Disadvantages

What are the documents required for LLP registration in Punjab?

The basic documents required for LLP registration in Punjab are:

• Photograph of all the Partners
• PAN Card of all the Partners
• ID Proof of all the Partners (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill for the address proof of the Registered Office

What is the average time taken for LLP Registration in Punjab?

The average time taken to complete the LLP registration is about 15 – 20 working days, subject to government approvals.

The growth of a Punjab’s economy highly depends on innovation and entrepreneurship. . The State has excelled in various sectors like Industry, Agriculture, Education, Health, Literature, Sports, Arts and Culture. Punjab has been blessed with best infrastructure, human capital, enterprises and progressive people who strive to transform every potential opportunity into a booming success. We at Ebizfiling assure the most satisfactory services in the city.

If you need any assistance for registering your LLP in Punjab, feel free to contact us for a free consultation. Experts at EbizFiling shall be pleased to be at your service. call 9643203209.