LLP refers to Limited liability partnership and is governed by Limited Liability Partnership Act 2008. It provides advantage of limited liability to its owners and requires minimal maintenance. The directors of a private limited company have limited liability to creditors. In case of default, banks / creditors can only sell company’s assets and not personal assets of directors.
Documents required for LLP Registration
- PAN card of LLP and all its partners.
- Address proof of all partners.
- Photograph of all partners.
- LLP agreement.
- Latest electricity bill of the registered office( bill should be in the name of the LLP).