10-21-2024, 07:16 AM
(This post was last modified: 10-21-2024, 07:26 AM by himaliatoliya.)
An LLP Agreement is a legal document that outlines the roles, responsibilities, and terms governing the relationship between partners in a Limited Liability Partnership (LLP). It defines the structure of the LLP, including profit-sharing ratios, partner contributions, decision-making processes, and dispute-resolution methods. The agreement ensures clarity in the operation of the business and helps prevent conflicts by specifying each partner's rights and obligations. It is mandatory for LLP registration in India and must be filed within 30 days of LLP incorporation with the Ministry of Corporate Affairs (MCA).
To complete LLP registration, certain requirements must be met, including a minimum of two partners, at least one being an Indian resident, and a registered office in India. Additionally, partners must secure Digital Signature Certificates (DSC) and Director Identification Numbers (DIN). Required documents include identity proof, address proof, and office proof. After submitting these documents online and paying the required LLP registration fees, an LLP Registration Certificate is issued, confirming the LLP's legal status.
To complete LLP registration, certain requirements must be met, including a minimum of two partners, at least one being an Indian resident, and a registered office in India. Additionally, partners must secure Digital Signature Certificates (DSC) and Director Identification Numbers (DIN). Required documents include identity proof, address proof, and office proof. After submitting these documents online and paying the required LLP registration fees, an LLP Registration Certificate is issued, confirming the LLP's legal status.