|Minimum Order Quantity||1 Piece|
|Type Of Ownership||LLP|
|Type of LLP||National|
|Documents Required for LLP||The following are the documents required for registration of LLP in India: For the Partners PAN Ca|
|Partners Required for LLP||Two Designated Partners|
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.
LLP is one of the easiest types of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should NOT be chosen for any business that has plans for raising equity funds from Angel Investors, Venture Capitalist or Private Equity Funds.