Limited Liability Partnership

A Limited Liability Partnership (LLP) is a form of business structure that combines the flexibility and tax benefits of a partnership with the limited liability protection of a corporation. LLPs are a popular choice for small and medium-sized businesses

Key Features of an LLP

• Limited Liability
• Pass-Through Taxation
• Separate Legal Entity
• Flexible Management
• Minimum Compliance

Steps to Register an LLP

The process of registering an LLP may vary depending on your jurisdiction, but here are the general steps involved:

• Choose a Business Name
• File LLP Agreement
• Designated Partners
• Register Online
• Digital Signature Certificates (DSC)
• Apply for DIN/DPIN
• File LLP Incorporation Form
• Certificate of Incorporation
• LLP Agreement
• PAN and TAN
• Bank Account
• Compliance and Reporting

It's essential to consult with a legal or business advisor like Online Legal Aid India to understand the specific regulations and requirements for registering an LLP in your jurisdiction