Limited Liability Partnership

1. Application for Obtaining DSC (Digital Signature).
2. Application for Obtaining of DIN (Director Identification Number). 
3. Application for Name Availability of the proposed LLP to MCA.
4. Filing of Incorporation Documents and Forms by Government.
5. Certificate of Incorporation.
6. Drafting of LLP Agreement.
7. Filing of LLP Agreement.

1. Required Minimum 2 Designated Partners.
2. More than Partnership and Less than Company.
3. Can Lend Money to its Members.
4. Lessor Legal Compliance as compared to Company.
5. Body Corporate and Benefit of Limited Liability.  
6. Less Favorable for VC and Angel Investment.
7. Can have unlimited number of Partners.
8. Tax Free Profit Sharing Among Partners. 

1. PAN & photo are required for each & every director & shareholders.
2. Anyone of the following: Aadhar card, voter ID, Driving license & passport. 
3. Anyone of the following: Bank statement, Mobile bill, Electricity bill, Landline bill. 
4. Electricity bill/rent agreement and copy of No objection certificate.

 1.  Is it necessary to have 2 Partners for LLP Registration?

- Yes, you need a minimum of two designated Partners to incorporate LLP in India. The Maximum number of partners can be unlimited. 

2.  Who can be Partner in LLP in India?  

- Any individual/Company/LLP can become partner  of the LLP including foreigners/NRI. However, the individual must be 18+ above in terms of age and should have a valid PAN card.  

3.  What is the GST exemption limit?      

- There have been two limits defined under GST laws in India. The first GST exemption limit of Rs.10 lakh is for special states like Assam, Himachal Pradesh, Jammu, and Kashmir etc. The other exemption limit of Rs.20 lakh is for the rest of India.