LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a Partnership. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.
The first step in registering your company is to apply for DSC (Digital Signature Certificate) Since all the forms are uploaded on-line any one of the Director should obtain DSC. Secondly, obtaining DIN for the Directors. It is a unique eight digit number, which is allotted to every Director and has lifetime validity.
Certificate of incorporation will be released when the Form is approved. Once the certificate gets released from the moment onwards your company is legally formed and you can start running your business. After the incorporation, we will apply for your Company PAN and TAN.