LLP Registration
LLP Registration Benefits
The outstanding salient features or benefits of the limited liability partnerships are:
- A legally recognized, separate entity
- Limited liability to some partners
- Lesser tax liability than corporations
- Freedom to sort out their management and business affairs directly
- Simple and quick process of registration
- Perpetual existence, irrespective of changes in partners
- A minimum of two partners are required for its formation
- No restriction to the maximum number of partners
- No minimum capital contribution recommendations
The LLP registration essentially includes the obtaining of Designated Partner Identification Numbers (DPINs), Digital Signature Certificates (DSCs), approval and reservation of name, and preparation of LLP Agreement,