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Hassle-Free Limited Liability Partnership Registration with LexOracle

Tuesday, November 29, 2016 3:44
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(Before It's News)

LLP an acronym of Limited Liability Partnership is the best option for those people who are in general partnership and need to protect their personal assets from the risk that they take in the business. This business entity has been introduced in India by Limited Liability Partnership Act, 2008 to provide a business form that is easy to maintain. The good thing about this form is that it holds the advantage of company as well as partnership into a common structure of organization. One member is not responsible for the negligence or misconduct of another partner.

Process for Limited Liability Partnership Registration

These days, most of the entrepreneurs have started going for the LLP in India considering its amazing feature of companies and partnership. Other than this, the members also avails numbers of advantages such as limited formation cost, separate legal entity, minimum restrictions and compliance, less tax, easy transferability, uninterrupted existence, and more. Because of these features, it becomes the most popular legal business structure. As compared to private limited company, Limited Liability Partnership is less costly to form and allow business partners to enjoy various benefits. It limits the personal liability of a partner for emissions, mistakes or incompetence of employees or other agents.

Below is the useful information that provides the great assistance in doing the Partnership Registration in Delhi in hassle-free and easiest way.

Steps to register limited liability partnership

  • Apply for DPIN (Designated Partner Identification Number) for all the designated partners
  • Apply for the name approval
  • Filing of incorporation document for LLP registration
  • Drafting and filing of LLP agreement and consent of all proposed directors    

Rules for incorporating Limited Liability Partnership

  • Minimum two partners having DPIN are required to form LLP
  • No upper limit on numbers of members means no restrictions on exceeding the maximum members
  • LLP agreement or partnership deed is not compulsorily required. But if made, it can assist in numbers of case of disputes

As proceeding for this complicated procedure along with ensuring implementation of other business work is not easy, hiring the professionals is highly recommended. To make this challenging task easy, LexOracle provides you the services for LLP registration in hassle-free way and less time possible. The dedicated team of diligent Charted Accountants, Company Secretaries, legal teams, and more professionals are available to get the registration done easily. They help the client at each and every step of the process including gathering of necessary documents.

The company helps you get the registration done within possible days. An affordable and complete package is provided in which lower prices are offered on the basis of share capital, business objective, and numbers of partners.  

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