Limited Liability Partnership (LLP) Registration in Delhi

1. Requirements and Process of Limited Liability Partnership Registration A Limited Liability Partnership (LLP) Registration combines the advantages of both ‘Company’ and ‘Partnership’ in a single business entity. In an LLP, a partner is not responsible or liable for another partner's misconduct or negligence. Instead, all partners have limited liability, limited to their own acts of commission or omission, similar to shareholders’ liabilities in a limited company. LLP registration is administered by the Ministry of Corporate Affairs (MCA) through the Office of the Registrar of Companies. The incorporation process is fully electronic, similar to the company registration process, i.e. applications and documents are filed electronically and the Registrar issues a digitally-signed Certificate of Incorporation (COI).

2. However, unlike company shareholders, LLP partners have the right to manage the business directly. An LLP also limits the personal liability of a partner for errors, omissions, incompetence, or negligence of the LLP's employees or other agents. The management of day-to-day business is outlined in the LLP Agreement, providing partners with the freedom to regulate the affairs of the business. The name of a Limited Liability Partnership (LLP) shall end with words “Limited Liability Partnership of the acronym ‘LLP’. LLP Name has three parts, ie., ‘The Name’, ‘Activity’ and words “Limited Liability Partnership’ or the acronym ‘LLP’. Proposed LLP name is required to be approved by the Registrar of Companies Contact Us Address: B-8, 1st Floor, New Multan Nagar, Opposite Metro Pillar no. 230, Delhi-110056. Phone no: 8130386000 https://www.taxmuneem.com/limited-liability-partnership-registration-in-delhi/