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List of Documents Required for Incorporation

1

Identity Proofs of Directors

PAN, Aadhar/Passport, Photograph

2

Address Proof for LLP

Utility Bill of the Place of Business (Not older than 2 months)
Rent Agreement/NOC for allowing usage of the place

3

Address Proofs for Partners

Bank Statement/Utility Bill of Residential Address

Limited Liability Partnership Registration

Ideal for firms with multiple partners and looking for less Compliance burden

Advantages of Limited Liability Partnership

  • A separate and distinct legal structure

    Such entities provide a distinction between ownership and function. It creates a separate legal structure both in terms of taxation and liability.

  • Less Compliance Burden
    LLPs have less compliance burden compare to other entities. LLPs don’t have to get the company audited if there turnover is less than 40 lacs for the financial year. Moreover, they just have to file two Annual Returns ( Form 8 and Form 11) every year.
  • Limited Liability

    The liability of the partners is limited to their subscribed capital in the LLPs.

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