What is an LLP Registration?
A limited liability partnership popularly known as LLP is a hybrid form of both the Company and Partnership where all of the partners have limited personal liability. LLP has a separate legal entity. Therefore, LLP is capable of sue, be sued and own property in its own name. It has perpetual succession. In an LLP, no partner would be liable on account for another partner’s misconduct or negligence. LLP has a separate legal entity from its partners.
Reasons to Register a Limited Liability Partnership (LLP)
Documents Required For LLP Registration
- 1. For Designated partner
- Two photographs of Each partner
- Pan Card of Each partner
- Identity Proof of Each partner
- Address Proof of Each partner
2. For Registered Office Of the LLP
- Premises Proof
- NOC From Owner