LLP Registration Sidhi | Register a LLP Sidhi Partnership in India
LLP Registration Sidhi which stands for limited liability partnership registration which is registered under Ministry of Corporate Affairs (MCA) and the beneficial part under LLP Registration Sidhi is that the liability of the partners is limited which is not in the normal partnership firms registered under partnership act. Under LLP Registration Sidhi, the registered llp company will govern as per the rules and regulations of Limited Liability Act, 2008. Professionals firms like Chartered Accountants, Company Secretaries, Advocates, recruiting firms and consulting business go for LLP Registration Sidhi for partnerships.
Comparison between LLP Registration Sidhi and Private Limited Company Registration
LLP Registration Sidhi is similar to Private Limited Company registration with respect to compliance and operational requirements. Through LLP Registration Sidhi, the company got its separate identity from its designated partners and can operate and enter or execute a contract on its own name. Through LLP Registration Sidhi, the liability of the partners of LLP Company is also limited. LLP Registration Sidhi and its compliances are greater than the normal partnership firms but easier than the compliances of Private Limited Company. The main drawbacks of LLP Registration Sidhi are that the ownership transfer is not an easy task and issue LLP Company can issue the ESOP to their employees.
LLP Registration Sidhi is Simple with Raag Consultants
Raag Consultants’s Experts is very much capable to do LLP Registration Sidhi and its compliances as per the rules and regulations of Ministry of Affairs and Limited Liability Partnership Act, 2008. Thousands of clients related to LLP Registration Sidhi is connected with Raag Consultants and getting satisfied services from us. Our unique ways to process the LLP Registration Sidhi work make the complicated process very easy for our clients.
Features of LLP
- LLP Registration Sidhi is having separate legal identity.
- The liability of each partner is limited to the contribution made by partner
- LLP Registration Sidhi Cost and Compliance cost is very low
- LLP Registration Sidhi is having less compliances and regulations
- No requirement of minimum capital contribution
Minimum two partners is required for LLP Registration Sidhi. The maximum limit of the partners is not defined anywhere so there is no maximum limit in case of LLP Registration Sidhi. Among the partners, there should be minimum two designated partners who shall be individuals, and at least one of them should be resident in India. The rights and responsibilities of designated partners are defined under LLP Agreement. The designated partners of the LLP is responsible to comply with the provisions of the Limited Liability Partnership Act, 2008 and provisions specified in LLP Agreement.
If you want to start your business with Limited Liability Partnership, then you must get it registered under Limited liability Partnership Act, 2008.