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Limited Liability Partnership, generally known as LLP, is a type of business organization that delivers the benefits of limited liability, similar to that of a company, and the flexibility of a partnership. In India, the concept of LLP was first introduced in the year 2008-2009, since then it has gained popularity among entrepreneurs, especially for small and medium-sized enterprises, service sector organizations, and professional firms. <br><br>Registration Arena can help to complete the LLP registration process in a few steps.<br>Visit us - https://registrationarena.com/llp-registration/
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Limited Liability Partnership (LLP) Registration in India
What is LLP Registration ? • LLP or Limited Liability Partnership is a type of business organization that gives benefits of limited liability of a company and the flexibility of a partnership • The concept of LLP was introduced in the year 2008-2009 and since then it has become popular among entrepreneurs.
Minimum Requirement For LLP Registration • Minimum 2 Designated Partners • Minimum Contribution of 2 Rupees • DSC for 2 Designated Partners • Atleast 1 of the designated partners shall be an Indian Resident
Advantages of LLP Registration • Limited Liability • No minimum capital required • No limit on number of partners • No Compulsion of Audit • Less Compliance burden
Features of Online LLP Registration • LLP is a body corporate and a legal entity distinct from its partners. • There must be at least 2 (two) designated partners in every LLP • The mutual rights and duties of partners of an LLP are determined by the LLP Agreement executed between the partners
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