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LP) Limited Liability Limited Partnership (LLLP) The following persons are all of the General Partners of the Partnership. The Partnership has appointed Designated General Partners, indicated by the selection of the Trading Partner box. Name Trading Partner Name Trading Partner Name Trading Partner Name Trading Partner 1. The undersigned is the Designated General Partner of the limited liability partnership or limited liability limited partnership whose name and state of organization a.

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In limited partnerships, there must be at least one business owner who serves as a general partner, taking a primary role in the oversight of the company and remaining personally liable for the debts of the business.

Incorporation of LLP On submission of complete documents the Registrar after satisfying himself about compliance with relevant provisions of the LLP Act will register the LLP, maximum within 14 days of filing of Form-2 and will issue a certificate of incorporation in Form-16.

Requirements to Convert Partnership Firm to LLP Unanimous Consent of Partners: Ensure unanimous consent from all partners of the existing partnership firm for the conversion into an LLP. ... Name Approval: Undergo the name approval process with the Ministry of Corporate Affairs (MCA) for the proposed LLP.

There are some Pros and Cons of Limited Liability Partnership: Advantages: 1) No requirement of Minimum Contribution. 2) Lower Registration Cost. 3) No requirement of Compulsory Audit. 4) Taxation Aspect of LLP. 5) Name Protection. Disadvantages: 1) Penalty for Non-Compliance.

Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory ...

Difference between LLP & "traditional partnership firm" Under “traditional partnership firm”, every partner is liable, jointly with all the other partners and also severally for all acts of the firm done while he is a partner. Under LLP structure, liability of the partner is limited to his agreed contribution.

Limited Liability Partnership (LLP) Registration in India Step 1: Obtain Digital Signature Certificate (DSC) Step 2: Apply for Designated Partner Identification Number (DPIN) Step 3: Name Approval. Step 4: Incorporation of LLP. Step 5: File Limited Liability Partnership (LLP) Agreement.

Submit an application form DIR3 for Designated Partner Number. A unique name for the LLP is required to avoid rejection of the application. Once the applicant has DSC and DPIN, she must apply for LLP name approval by visiting the ROC through the MCA's official portal RUN-LLP.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232