Register A Llp In India

In the private restricted company, shareholders are restricted to the extent of 200 shareholders. Even so, in case of the LLP, the governing document is the LLP Agreement, entered in between the Partners of the LLP. We Present The Following for Limited Liability Corporation (LLP) Registration. As a sole trader or partnership company, personal assets of the proprietor or partners can be at threat in the occasion of a failure of the small business, but this is not the case for a Firm. Ceasing of old partners and coming of new partners , will automatically leads to transform in ownership of LLP.

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Limited Liability Partnership Act 2000 India

Documents expected for the similar is PAN Card, COI, and Cancelled Cheque of llp Registration. An LLP has partners, who personal and manage the business enterprise. The method of issuance of digital signature for the director of the company automatically starts when you apply for LLP registration. The main benefit of companyvakil.com an LLP is that it delivers the flexibility of a partnership along with the limited liability protection of a business. In business tax is charged on total profit whereas in LLP tax is charged on profit right after distribution of profit to partners.An LLP is an approximate equivalent

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