Overview on Online Limited Liability Partnership Registration in Ahmedabad
We strongly believe that early detection is the way to make the most of every day in your Business! What are you waiting for? Just Scroll down and get our Premium offers to get your LLP registration done! Ahmedabad is one of the largest cities of Gujarat and in the advantage of business capital, which made this city one of the most favourite business hubs in the country.
‘With the inborn business mentalities of an Amdavadi, business is the way of life in Ahmedabad’. It is the 5TH largest richest city in India. Earlier, Ahmedabad was known as “Manchester of India” due to hundreds of mills. But now the situation has been changed and the city has been transformed into the marketable & commercial capital of Gujarat. Information technology (IT), food processing, the Service sector, & many other sectors have shown development in recent times. Also, the city now offers world-class facilities and better infrastructure.
Having all these benefits, Ahmedabad is the best place to start a new business. But before starting the business, it is necessary to get the business registered as LLP. The process and compliance of LLP Registration can be cumbersome, especially if you are a first-time user. There are considerable details to be taken care of, lengthy process to go through which often end up looking for professional help. Get your LLP business registered in Ahmedabad from one of the leading Company Registration Consultants in India. We provide comprehensive assistance on Pre and post compliances of LLP.
Concept of LLP under Limited Liability Partnership Act, 2008
LLP stands for a Limited Liability Partnership and is a form of corporate business that provides the benefits of limited liability of a company and the flexibility of the Partnership. Therefore, it indicates the elements of partnerships and corporations. In a Limited Liability Partnership, one partner is not liable for another partner’s misconduct or negligence. A newly established concept of Limited Liability Partnership was introduced in India by the Limited Liability Partnership Act, 2008. The legal compliances are less in LLPs as compared to company form of business and a minimum of two people can form an LLP. There is no maximum limit on the number of its partners in LLPs. Now, LLP is a preferred choice for small businesses instead of a general partnership.
It has a Separate Legal Identity from its partner. LLP is formed under the Limited Liability Partnership Act, 2008. The partners in an LLP are not liable for the unauthorized actions of the other partner and the liability of the individual partner is restricted to his stake in the Capital. It is a body corporate with a distinct legal entity and perpetual succession and applies to any trade or business.
The Eligibility criteria for Limited Liability Partnership Registration in Ahmedabad
The structure of a Limited Liability Partnership is a separate legal entity and also enjoys the advantage of perpetual succession.
LLP is formed under the LLP Act, 2008.
To form an LLP, minimum of 2 partners are required.
Partner must be a resident
1 designated partner of LLP must be from India.
Ministry of Corporate Affairs administers the working of LLP as well as the LLP Compliances.
Limited Liability Partnership can deal with any trade or business after its incorporation.
The partners of an LLP are treated as an agent but are not liable for any liability caused by a partner and the liability of the partners is limited to his share in the capital except in the case of fraud and negligence.
The assets and liability of a Limited Liability Partnership are separate from their partners.
Rights and Duties of Partner
LLP Agreement determine the rights and duties of the partners in an LLP. An applicant is required to file an LLP Agreement to the ROC.
The Documents required for Limited Liability Partnership Registration in Ahmedabad
I. Documents required for DSC-
For LLP registration, you must apply for the DSC of the designated partners of the proposed LLP. It is one of the initial steps to apply for DSC before the LLP Registration process. The entire process is done online and requires to be digitally signed. The designated partners must get the DSC. The documents required for DSC are-
II. For Id and address proof, the designated partner can opt for the following documents-
III. For Residential proof, the designated partner can opt for the following documents-
IV. Subscriber’s Sheet including the consent of the Partners.
V. In principal approval of the Regulatory Authorities, if the proposed name includes the word that requires the approval of Regulated authorities
VI. Additional Documents in case the Designated Partner is also a director/partner in any other company or LLP.
Advantages of Limited Liability Partnership in AhmedabadRegistering a Limited Liability Partnership, in Ahmedabad offers many advantages. Those are as follows:-
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Before filing for LLP’s name reservation, an applicant must follow the below-mentioned key points very closely-
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