Registration of Limited Liability Partnership
LLP is a partnership between two or more entrepreneurs with a legal structure better than a classic partnership and less complicated than a company because of its limited liability feature.
CFO Angle takes up registration for partners having limited liability. A LLP is neither a normal partnership not a full-fledged company. One partner is responsible for only his own actions and not the actions of his partner. LLPs are governed by Limited Liability Partnership Act (LLP Act), 2008 which is monitored by the Ministry of Corporate affairs.
Documents required for Registration:
Timelines:10-15 days from the date of all documents submitted to MCA.
Price: ₹ 9999 one-time
There is no good, better and best combination for a legal format of the organisation. All registrations are based on requirements that are necessary to setup and grow an organisation. For example a LLP start-up looking for funding’s would find it difficult to attract a potential investor.
Once a company is created it comes with legal boundations and a legal process has to be followed for liquidation.
Compliances for Limited Liability Partnerships
Timelines: Annual compliances.
Price: Cost is case to case basis on the quantum of work. For a start-up a consolidate compliance cost effective package can be structured.