LLP Formation Checklist

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What our entrepreneurs say...

“deAsra provided an excellent base with proper mentoring, clarification on every business aspect thereby making the entire process speedy for my printing business.”

-Ganesh Chandere

deAsra helped me procure a loan and kickstart my franchise business. Happy to be running my own workshop and making my dreams come true!

-Pratik Magdum

What is Limited Liability Partnership?

Limited Liability Partnership (LLP) is a type of organization in which each partner’s liability is limited to the extent of his/her contribution. It is formed under the Limited Liability Partnership Act 2008. Limited Liability Partnership (LLP) firm is a combination of partnership firm and private limited company, hence LLP enjoys benefits of both types of organizations.

Takeaways from this checklist

  1. Consolidated list of documents required for setting up LLP.
  2. Step by step process for registration of LLP.
  3. Information on e-forms required to be filed.

Benefits of LLP Registration

Partners have limited liabilities and LLP has a separate legal entity and can have properties in its name.

The cost of forming an LLP is lower compared to forming a private limited company.

Compliances are fewer and easier for an LLP compared to private limited company.