LLP Registration

Register your LLP/ Limited Liability Partnership Firm with the help of Nsight. We are leading eminent service providers through Online / Offline Incorporation of your company anywhere in India is in one Call / Mail / Message.

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LLP to be Incorporated under LLP (second amendment) Rules 2018

Limited Liability Partnership/LLP is a form of business organization combining the indispensable aspects of a partnership firm. The main advantages of the LLP is limited liability where only the assets of the LLP will be used for their liabilities.

LLPs are commonly used by small and medium enterprises and also for the business professionals like law firms, accounting firms (CS, CA & CMA) and wealth managers.

Incorporation gives you a professional status and also Registering the Trademark of your LLP will help you to safeguard your identity and restrict others from using it.

Benefits of Incorporation of LLP

Limited Liability

The liability of the LLP is limited. The personal assets of the partners will not be used for unpaid debts. If the company is facing a financial crisis, full assets of the LLP will be used to pay back their loans.

Separate Legal Entity

LLP will be considered as a separate legal entity where the assets & liabilities of the business and members are not same. LLP will be considered to be a legal person and also holds the Right to Sue a third party in case of any dispute or default arises.

No Minimum Capital

You can start up your LLP with zero paid up capital. Now capital amount cannot stop you from starting your business.

Lower cost and Compliance Burden

The Cost of registration and the compliance requirements of LLP is lower than Private or Public Company. The profits withdrawn by the partners do not attract Dividend distribution tax (DDT).

Documents required for Incorporation of LLP

Whether there is any maximum limit for members in public limited company?

No maximum limit for members and the minimum members required is 7 members.
What is the minimum capital for incorporation of a public limited company?

No minimum capital required for incorporation of a public limited company.
Whether Foreign Nationals or NRIs can become Director of a Public Limited Company?

Yes, any Non Resident Indian (NRI) or Foreign National can become Directors but there should be at least one Indian resident on the Board of directors.
Whether the personal assets of members are used to pay unpaid debts?

No, the personal assets of the members will not be used even for unpaid debts; only the profit earned and shareholding will be used to pay back debts.
Have queries?

If you have any further queries, get our experts’ opinion. For free consultation Contact our Nsight to resolve all your queries.

Frequently Asked Questions

Whether Foreign National or NRI can become a Partner of LLP?

Yes, with the relevant documents of the concerned partner.
Whether LLP can be incorporated without minimum capital?

Yes, you can incorporate your LLP with zero minimum capital.
Whether unpaid debts will be paid from the personal assets of the partners?

No, the personal assets of the partners will not be used for unpaid debts.
What is the minimum number of partners required for incorporation of LLP?

Minimum of 2 partners and no maximum limit.
Whether Foreign National or NRI can become a Nominee of LLP?

NRI can become a nominee but at least one Nominee shall be Indian residents.
Whether manufacturer can register under LLP?

No, they aren’t eligible under LLP.
Have queries?

If you have any further queries, get our experts’ opinion. For free consultation Contact our Nsight to resolve all your queries.