Limited Liability Partnership

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Partnership with Added Advantages

LLP is a relatively new concept in India than a partnership firm. It is a successful concept as has features of both, a corporation and a partnership. Meaning, LLP and its Partners are distinct entities in the eyes of law.

This concept defines limited liability to its partners, where each partner is responsible for only his own actions and not the actions of his partner. Also, in case a situation arises, one partner can sue the other.

At CONTABILL, we help you through the entire process. From collection of details to verification and filing of documents for successful incorporation. As a part of the process, we also assist in applying of DSC and DIN – making sure you have 360-degree business assistance.

Why Choose LLP

  • Flexible to Manage
  • Easy Transfer of Ownership
  • Tax Benefits
  • No Mandatory Audit Required

Document Required:

  • Bank Statements
  • Address Proof
  • ID Proof
  • Specimen Signatures of Partners

Process:

  • Apply DSC & DIN
  • Fill in Form with all Documents
  • Get Name Approval
  • Draft LLP Agreement

HIGHLIGHTS

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Concept

Partnership firm is a business form in which 2 or more individuals can join hands to do business.
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Easy Formation

Partnership firm can be easily & quickly registered in comparision to other form of business.
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Low Cost Registration

As comparison to other business form, cost of registering partnership firm is very low.
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Tax Benefit

More Tax Saving as compare to sole proprietor business form.
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Sharing of Risk

Individuals having same business goal can form and share risk & rewards.
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Compliances & Disclosure

Least compliance & disclosure required as compare to other business form.