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Pan card of all partners
Aadhar card / voter id / passport / driving license of all partners
Latest passport size photograph of all partners
Latest telephone bill / electricity bill / bank account statement of all partners
Latest telephone bill / electricity bill of registered office address
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LLP Registration in Mumbai
Limited liability partnership or LLP is a partnership firm in which all partners has limited liabilties. It has the features of both, a partnership and private limited. These firms can be set up under the LLP ACT 2008. The minimum partners requirement is two where aa there is no maximum limit. Foreign partners are also welcomed in these kind of LLP Registration In Mumbai. Why is LLP Beneficial?
LLP has both the benefits of a private limited company as well as it exhibits the flexibility of a partnership firm.
There is limited liabilities of the partners. Therefore, partners have a sense of security as there is no risk of losing their personal asset.
There are less compliance as conpared to private limited company. No complusory Audit is required.
No minimum investment required for LLP Registration In Mumbai
A Limited Liability Partnership is the most common and important forms of business Organization, Limited Liability Partnership is an upgraded version of Partnership having Benefits of Company form of Business Organisation. LLP Registration In Mumbai offer the following advantage
Separate Legal Entity
A Limited Liability Partnership is a legal entity and established under the LLP Act. Therefore a LLP Registration in Mumbai form of organization has wide legal capacity. The Partners of a Limited Liability Partnership have no liability to the creditors of a LLP for such debts. Hence, a Limited Liability Partnership is a legal entity separate from that of its partners.
Limited Liability means being legally responsible only upto a limited amount for debts of a LLP. Unlike proprietorships and partnerships and any other unregistered forms of business, there is limited liability of the partners in respect of the LLP’s debts. In other words, the liability of the Partners of a LLP is limited only to the extent of the face value of shares taken up by them.
A LLP being Separate Legal entity established under law can acquire, own, enjoy and alienate, property in its own name. No Partner can make any claim upon the property of the LLP so long as the LLP is a going concern.
A LLP being Separate Legal entity established under law a LLP can borrow funds in its own name. Even banking and financial institutions prefer to render large financial assistance to a LLP rather than partnership firms or proprietary concerns.
Photograph, PAN, Aadhar Card, Bank Statement, Electricity Bill for Register Office Proof
Every LLP is required to Take following steps after Registration.
Filing Of LLP Agreement within 30 days of Registration entered between partners on Judicial Stamp Paper
The opening of Bank Account
Deposit of Capital Contribution as per the LLP Agreement
At least 2 individuals are required out of which one must be an Indian resident.
No. It can be started with any amount of capital demanded by the business.
LLP Agreement is an agreement between all partners after LLP Registration. The agreement speaks about all the clauses related to business, including Specifying the rights, roles, duties, and responsibilities of each partners in LLP.
The agreement needs be filed within 30 days after the date of receipt of Certificate of Registration. Failure to do so attracts additional fee of ₹ 100 per day till the date of filing.
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