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LLP Incorporation

  • The concept of LLP is similar to Partnership firm but its having its own features, perpetual succession. LLP is very easy to form and having less compliance. It combines the advantages of partnership and Company. For forming LLP Minimum Two people and contribution(capital) of Minimum Re.1 is essential.
  • Recently Ministry of Industry and Commerce in its Notification permitted Foreign investment in Indian LLP.
  • The Persons involved in the formation are called as Designated partners. At any point of time Partners can increase the contribution according to requirement. Its benificial for the enterprenuers to initial start the business in the LLP mode, because LLP has benefits of less Compliance, less fees to be paid to government, less Tax, Limited Liability and its a separate corporate entity