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The Limited Liability Partnership (LLP) has become a popular choice among entrepreneurs as it combines the advantages of both a partnership firm and a company into a single entity.
In India, the concept of a Limited Liability Partnership (LLP) was first implemented in 2008. An LLP combines the benefits of a partnership firm and a corporation. In order to form an LLP, you'll need at least two partners. However, there is no upper limit on the maximum number of partners of an LLP. In India, the LLP is governed under the Limited Liability Partnership Act of 2008.
Among the partners, there should be a minimum of two designated partners who shall be individuals, and at least one of them should be residents in India. The rights and duties of designated partners are governed by the LLP agreement. They are directly responsible for the compliance of all the provisions of the LLP Act, 2008 and provisions specified in the LLP agreement.
The Limited Liability Partnership (LLP) has become a popular choice among entrepreneurs as it combines the advantages of both a partnership firm and a company into a single entity.
In India, the concept of a Limited Liability Partnership (LLP) was first implemented in 2008. An LLP combines the benefits of a partnership firm and a corporation. In order to form an LLP, you'll need at least two partners. However, there is no upper limit on the maximum number of partners of an LLP. In India, the LLP is governed under the Limited Liability Partnership Act of 2008.
Among the partners, there should be a minimum of two designated partners who shall be individuals, and at least one of them should be residents in India. The rights and duties of designated partners are governed by the LLP agreement. They are directly responsible for the compliance of all the provisions of the LLP Act, 2008 and provisions specified in the LLP agreement.
Documents Required for Limited Liability Partnership Firm (LLP):
Documents of Partners
PAN Card/ ID Proof of Partners
Address Proof of Partners
Residence Proof of Partners
Photograph
Passport (in case of Foreign Nationals/ NRIs)
Documents of LLP
Proof of Registered Office Address
Digital Signature Certificate
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