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G K B & Associates
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Limited Liability Partnership entities, the world wide recognized form of business organization has been introduced in India by way of Limited Liability Partnership Act, 2008. Popularly known as LLP, it can exhibit elements of partnerships and companies. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This is an important difference from the traditional partnership under the Indian Partnership Act, in which each partner has joint and several liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a company. Unlike corporate shareholders, the partners have the right to manage the business directly. The base logic behind introduction of Limited Liability Partnership (LLP) was to provide an independent form of business that is simple to maintain and at the same time providing limited liability to the owners.
LLP Incorporation - G K B & Associates can incorporate a Limited Liability Partnership in 10 to 15 days, subject to ROC processing time.
Obtaining DSC & DIN - DSC and DPIN can be obtained for the proposed Partners within 2-3 days.
Name Approval - Submit 1-2 names to RUN (Reserve Unique Name); approval in 2-3 business days.
LLP Incorporation - Submit documents to MCA for incorporation; approval in 5-7 days subject to ROC processing.
