LLP Incorporation- Limited Liability Partnership (LLP) combines the benefits of a partnership with that of a limited liability company. In India, it took shape after January 2009 and was an instant success with startups and professional services. The idea behind LLP was to provide a form of business that is easy to maintain and to help owners by providing them with limited liability.
Many times startups require to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.
Post-approval of the LLP registration process, we make sure you obtain a Certificate of Incorporation, along with PAN and TAN. After that, you can open a current bank account and begin your business operations.
These documents are required.