Limited Liability Partnsership
LLP Registration Services by Law.Legal.Tax under Dwaitee Initiative India LLP
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Empower Your Ventures with LAW.LEGAL.TAX - Expert LLP Registration Services by Dwaitee Initiative India LLP
A limited liability partnership (LLP) protects individual assets by offering the advantages of a partnership along with limited liability protection. With their professional LLP services, LAW.LEGAL.TAX can help you with important decisions. We help with everything from LLP naming to creating detailed partnership agreements and finishing state files to guarantee legal conformity. We also support the acquisition of necessary licenses, the IRS EIN application process, record-keeping, and tax compliance. While limited liability shields against partnership debts, prudent decision-making is still essential, thus it is important for LLP partners to understand their legal obligations. In order to support a prosperous and legally compliant LLP setup, Dwaitee Initiative India assists you in navigating these responsibilities.
Compare Diffrent Companies
| Private Limited Company | Limited Liability Partnership | One Person Company | |
|---|---|---|---|
|
Act |
Companies Act, 2013 |
Limited Liability Partnership Act, 2008 |
Companies Act, 2013 |
|
Registration Requirement |
Mandatory |
Mandatory |
Mandatory |
|
Number of members |
2-200 |
2-unlimited |
only 1 |
|
Number of Director/Partner |
2-15 |
2-unlimited |
only 1 |
|
Separate Legal Entity |
Yes |
Yes |
Yes |
|
Liability Protection |
Limited |
Limited |
Limited |
|
Statutory Audit |
Mandatory |
Dependent |
Mandatory |
|
Ownership Transfer ability |
Yes |
Yes |
No |
Frequently
Asked Questions
Any individual or corporate entity can become a partner in an LLP, bringing diverse expertise and resources to the partnership.
LLP has fewer compliance obligations compared to corporations, with simplified reporting and administrative procedures.
LLP does not require a minimum capital investment, making it accessible to businesses of varying scales.
Yes, LLP can raise funds through partners, loans, or other sources, facilitating capital infusion for growth.
Yes, an LLP’s existence is not affected by changes in partners, ensuring uninterrupted business operations.