{"id":338,"date":"2018-06-28T10:59:23","date_gmt":"2018-06-28T10:59:23","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=338"},"modified":"2020-10-07T07:43:32","modified_gmt":"2020-10-07T07:43:32","slug":"llp-documentation","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/llp-documentation\/","title":{"rendered":"Documentation and Procedure for LLP"},"content":{"rendered":"

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Limited Liability Partnership(LLP)<\/h2>\n

The Limited Liability Partnership is a form of business where the owners are given the advantage of Limited liabilities and at the same time require minimal maintenance. The directors of a private limited company<\/a><\/strong> have limited liability to creditors. In case of default, banks\/creditors can only sell the company\u2019s assets and not the personal assets of directors. It is a modern form of partnership. The LLP has rights for both private limited companies as well as a public limited company. so the Limited Liability is the best and most suitable form of business to the owners or the partners. The user has to fill the form for registering for the LLP. A copy of Pan Card, utility bills, etc is required for\u00a0 LLP Documentation. The detail about the agreement between the partners or with the registrar is explained. Compliances are lesser in Limited Liability Partnership<\/strong><\/a> as compared to a company, yet the partners have limited liability since LLP acts as a legal entity separate from partners. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner\u2019s wrongful business decisions or misconduct.<\/p>\n

Procedure for LLP Registration Involves:<\/h2>\n

The procedure that is to be followed while registering for Limited Liability Partnership is mentioned below:<\/p>\n

    \n
  1. Obtaining DIN<\/a><\/strong> or DPIN<\/li>\n
  2. Obtaining Digital Signature Certificate<\/strong><\/a> for the designated partners by a certified person.<\/li>\n
  3. Applying for a Limited Liability Partnership Name(new registration).<\/li>\n
  4. Filling form 1 and form 2 for the name that is to be registered and for the required incorporation.<\/li>\n
  5. Filling the LLP Agreement<\/a><\/strong> which is to be filed within 30 days of incorporation of LLP.<\/li>\n<\/ol>\n

    For detailed procedure of registration in LLP<\/strong> | Registration procedure in LLP<\/strong><\/a><\/p>\n

    Documents for LLP<\/h2>\n

    \"documentation<\/p>\n