Startup Innings

LLP Registration in India

The LLP is a separate legal entity which is governed by Limited Liability Partnership Act of 2008.

To incorporate LLP minimum two designated partner are required however there is no upper limit of maximum partner in LLLP. It is very easy to manage and incorporate a LLP in India .Among the two partners at least one should have resident in India to run the LLP .The compliance in LLP are minimal when compared to public or private limited company.

 

Some features of LLP:

1.Just like companies it has a legal entity

2.To form the LLP minimal cost is required
3.Minimal capital contribution is not required
4.Atleast two designated partners are required.