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Our Process
Limited Liability Partnership
Checklist
Documentation
Benefits
Limited Liability Partnership
Limited Liability Partnership as the name it brings limited liability to its partners. The LLP model took shape in in Indian after January 2009, making it an instant success to start-ups and professionals. LLP has features of both a corporation and partnership. One partner in LLP is responsible for his part not the other part. LLPs are governed by LLP act, 2008.
Checklist
- Minimum 2 partners
- Minimum 2 designated partners
- DIN for all designated partners
- DSC for 2 promotors
Documentation
- PAN card copy of the partners
- Passport size photo of partners
- Aadhar card copy of the partners
- Electricity bill of the business location
- Sale deed of the property of the business location in case of own premises
- NOC from landlord in case of rented premises (format will be given by Plottorace)
- Notarised rental agreement
- Digital Signatures
Benefits
- LLP protect partners personal assets
- Corporate image and credibility in the market
- No audit requirement and minimum compliances compared with Pvt Ltd
- Smart move to small businesses