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Limited Liability Partnership (LLP)

An unique type of company organization that combines aspects of corporations and partnerships is the Limited Liability Partnership (LLP). Partners in an LLP enjoy the operational simplicity and flexibility of a partnership along with restricted liability similar to that of shareholders in a corporation. Because of this arrangement, the LLP has its own legal identity and is able to take independent legal action and respond to it without the involvement of its partners.

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Perks & Benefits

Limited Liability:

Partners in an LLP enjoy limited liability, protecting their personal assets from business debts and legal liabilities.

Separate Legal Entity:

An LLP is a distinct legal entity, capable of owning assets, entering contracts, and conducting business independently of its partners.

Tax Efficiency:

LLPs are taxed as partnerships, with profits taxed only once at the partner level, leading to potential tax savings compared to corporations that may face double taxation.

Ease of Formation:

Setting up an LLP involves fewer formalities and lower costs compared to establishing a corporation, making it a streamlined option for business formation.

Documents Required

01
PAN Card

Directors and Shareholders PAN Card Details.

02
Aadhaar Card

Directors and Shareholders Aadhaar Card Details.

03
Proof of Business Address

The most recent property tax bill or utility bill (electricity, phone, gas, and water) for the registered office address.

04
Passport Size Photograph

The most recent passport-size photos of each director and shareholder.

05
Mobile Number

Directors and Shareholders Mobile Numbers.

06
Email Address

Directors and Shareholders Email Address.

* Note : Documents may change as per the requirements.

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