Limited liability partnership in India was introduced through the LLP Act, 2008. The basic concept behind adopting LLP was to provide a structure that is easy to maintain and reduces the liability as compared to a sole proprietorship structure. LLP combines the advantages of both the Company and Partnership firm into a single form of organization and offers a hybrid structure. Hence, conversion of sole proprietorship into LLP is a good business decision. Under LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. LLP also provides limited liability protection for the owners from the debts of the LLP.
Therefore, LLP is preferred mostly by Professionals, Micro and Small businesses that are family-owned or closely-held.
PAN Card PAN Card of all partners Foreign nationals may provide passport.
Partner’s Address Proof Aadhar Card/ Voter ID/ Passport/ Driving License of all partners.
Aadhar Card/ Voter ID/ Passport/ Driving License of all partners.
Photograph Latest Passport size photograph of all partners.
Business Address Proof Electricity Bill/ Telephone Bill of the registered office address.
NOC from owner No Objection Certificate to be obtained from the owner of registered office.
Rent Agreement Rent Agreement of the registered office should be provided, if any.
NRI/ Foreign National In case of NRI or Foreign National, documents of partner must be notarized or apostilled.
Copyright © L B Agrahari & Co.. All rights reserved. IpindiaSuppliers.com