LLP meaning Limited Liability Partnership, 2008, is a business structure chosen by business owners when they want to keep their business as a separate legal entity, have limited liability to extent of their contribution. This form of business is governed by the Limited Liability Partnership Act, 2008. In order to proceed with the same, there are certain requirements of documents for LLP registration.
In this blog we would be looking at the key requirement from the perspective from the perspective of business owners and the key requirements and documents required for the registration process, in this we would be discussing in detail, and the essential things to do and how essential documents are to be submitted while registering themselves as an LLP.
Requirements for LLP Registration
There are several requirements for LLP registration which needs to be fulfilled in order to successfully proceed ahead with the process. Few of such are as follows-
- Having Clarity about business
First and foremost, the most basic and essential step is that, having a business idea in mind with clear vision of the product/services. What would the product/service do, how it would work. Does it need a registration as a business, how many people involved in the management, partnership and profit- sharing structure in the business.
- Find few persons to partner with
Basic and necessary compliance of LLP is that there is need of two partners, having partners in a business can be beneficial in many ways like- having multiple areas of expertise, having some better decision making for the business entity, as a whole.
- Apply for DSC
The above steps discussed about having the mindset or the necessities to even take a step for registration, and this is the first step towards registration is that to apply for DSC ( Digital Signature Certificate) , this can be issued by the authorities, like MCA and the DSC need to be submitted with signatures of all the partners, who wants to register themselves as an LLP. To know more, visit on: https://bit.ly/3T2szhZ
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