|Company Name Search||Free|
|Consultancy on Registration and Name Availability||Free|
|2 DSCs||Rs 2000|
|Government Fees||Rs 1750|
|TAN and PAN Fees||Rs 170|
|Professional Fees||Rs 3264|
|Service Tax||Rs 815|
|Total Cost||Rs 7,999|
Limited Liability Partnership is a blend of both Partnership and a Company. Partners liability is limited to their share of the contribution made by the firm.
In this form of business, a partner is not liable for the misconduct of other partners.
A minimum of “two” partners with no maximum limit are required to incorporate a Limited Liability Partnership.
There is no statutory requirement regarding minimum contribution required by partners to incorporate an LLP.
The validity of an LLP is subject to the regular annual compliances. In the case of a non-compliance, the LLP will become Dormant and will be removed from the registration after a certain period of time.
No, LLP is not an apt structure to raise funds from Private investors. Investors tend to invest in a company in lieu of the equity or stake in the business, rather they would be admitted as partners.
No, You can incorporate an LLP with your residential address. There is no mandatory requirement to have a commercial place to open up an LLP.