Wish to form your own LLP?
An LLP has a blend of benefits that of both a Company and a Partnership Firm No partner is liable on account of unauthorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s misconduct. LLP formation is usually preferred by professionals, micro and small businesses that are family-owned or closely-held.
Every LLP is required to have at least two Designated Partners and at least one of them shol be a resident of India. The mutual rights and duties of partners shall be governed by the agreement between LLP and the partners. This Agreement would be known as “LLP Agreement”.
Here’s a list of required documents:-
- 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
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