What is LLP registration?
Limited Liability Partnership, The Legislature has enacted LLP Act 2008. LLP Offers more enhanced features than a general tradition partnership. It can be registered with minimum two Partners. Limited Liability Partnership provided the benefits of both private limited LLP and General Partnership into a single form of the LLP, and one partner is not liable for another partner's misconduct or wrong decisions. Each partner will have own liability towards the Business. LLP is most preferred by a small business owners and for them who are not willing for venture funding in business. The Limited Liability Partnership has more credibility than a General Partnership or Proprietorship business. Annual maintenance of LLP firm is much cheaper than a Private limited or LLP
- Two DSC &Two DINs
- Name Reservation
- LLP Agreement preparation
- MCA Govt. Fees
- Stamp Fees ( Capital Contribution Rs. 100,000)
Service tax on Professional Fees is mentioned which needs to be GST and the statement itself needs to be in two different sentences.