Limited Liability Registration
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. The main advantage of a Limited Liability Partnership over a traditional partnership firm is that in a LLP, one partner is not responsible or liable for another partner’s act. A LLP also provides limited liability protection for the owners from the debts of the LLP. Therefore, all partners in a LLP enjoy a form of limited liability protection for each individual’s protection within the partnership, similar to that of the shareholders of a private limited company.
Finegral is a one stop solution for all your registration needs. We can help you register a LLP, private limited company, one person company, nidhi company, section 8 company, producer company or Foreign Subsidiary. The average time taken to complete LLP formation is about 10 – 15 working days, subject to ROC processing time and document submission.