How much does an LLP cost in India?

How much does an LLP cost in India? Limited Liability Partnership (LLP) is an alternative business structure in India, especially for small and medium-sized enterprises. The LLP form of business provides the benefits of limited liability to its partners, meaning…

Is GST required for LLP?

Is GST required for LLP? In India, a Limited Liability Partnership (LLP) is a popular form of business model that combines the advantages of a partnership and a limited liability company. One common question that arises among LLP owners is…

Who are eligible for LLP?

Who are eligible for LLP? Limited Liability Partnership (LLP) is an alternative business structure in India that offers the advantages of both a partnership organisation and a private limited corporation. The Limited Liability Partnership Act of 2008 governs LLPs, which…

LLP Settlement Scheme 2020

LLP Settlement Scheme 2020 The Ministry of Corporate Affairs, Government of India has introduced the LLP Settlement Scheme 2020. The scheme is set to give defaulting LLPs a one-time relaxation in paying the condonation fees for the delayed filing of…

LLP Registration: Changes and Process

LLP Registration: Changes and Process The second half of 2018 saw the successful initiation of Ease of Doing Business (EoDB) reforms that changed the game by introducing simplified¬†and integrated procedures such as the SPICe (Simplified Proforma for Incorporating Company electronically)…

Admission or Resignation of Partner in LLP

Admission or Resignation of Partner in LLP In a Limited Liability Partnership (LLP), Partners can be admitted or removed easily without any changes to the constitution or substance of the LLP. When compared to a traditional partnership firm, one of…

LLP Registration Requirements

LLP Registration Requirements Limited Liability Partnership (LLP) is a type of legal entity that was introduced in the year 2010 as a hybrid between a company and partnership firm. The MCA has completely revamped the process for company registration in…

LLP vs Partnership Firm

LLP vs Partnership Firm LLP was introduced in the year 2010 in India to provide Entrepreneurs with an alternative to Partnership Firms.¬†The purpose of introducing Limited Liability Partnership (LLP) is to introduce a form of business entity, which provides limited…