Today’s most popular business model is LLP or Limited Liability Partnership. It can be registered with the Registrar of Companies under the Limited Liability Partnership Act, 2008 and is a legal entity. This entity is regulated by the Ministry of Corporate Affairs. LLP is a combination of a Partnership firm and a company. Though It is a partnership, it enjoys almost all the features of the company.
Like a Company which is separate from its shareholders, an LLP has also a separate and distinct entity from its partners. The partners and LLP are different from each other, the identity of the LLP doesn’t get affected by the change of the partners.
Requirements for Registration of a Limited Liability Partnership Firm
Service | Price | GST | Total |
---|---|---|---|
LLP Formation | 9050.00 | 1629.00 | 10679.00 |
Winding up of LLP | 17500.00 | 3150.00 | 20650.00 |