A Limited Liability Partnership is a partnership in which some or all partners have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In a LLP, each partner is not responsible or liable for another partner’s misconduct or negligence. Unlike corporate shareholders, the partners have the right to manage the business directly.
The Checklist required is as follows:
Name, Address of all the proposed Partners
-PAN and aadhaar details of all the partners
-Address proof of place of business
-Objective of business
-Unique business name of the LLP
-Capital contribution by partners. There is no minimum capital requirement in Limited Liability Partnership firm.
-Proposed Profit / Loss Sharing Ratio.
We at ITATOrders.in ensure that a dedicated “Legal Partner” is assigned to you and you shall be given a Task link via meraoffice.in. All you need to do is upload the relevant details and documents through the task link and our Legal Partner shall be a one stop point of contact for all your queries and deliverables.