A Limited Liability Partnership (LLP) is a type of partnership where partners have limited liabilities in the business hence, the clause of exiting the partnership prevails in this entity. In an LLP, the partner is not liable for the other partner’s misconduct or ignorance. This is the most vital difference between the normal partnership and LLP Registration under the Partnership Act, 1890.
Below mentioned are the 8 important steps for LLP registration.
Steps to register LLP in Delhi are:
Step 1: Applying for DIN
Step 2: Deposition of Documents
Step 3: Applying for DSC
Step 4: Applying for Name
Step 5: Filing Incorporation Documents
Step 6: Getting the Certificate
Step 7: Opening a Current account
Step 8: Filling Agreement
Why LLP is better than Private Limited Company
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