An LLP elements includes two long-standing forms of business associations called as company and the partnership firm. Every LLP shall have two partners and one of them shall be a resident in India. Any individual or body corporate may be a partner in LLP. Individual means a natural person.
Body Corporate means, a company as defined in section 3 of the companies act 1956 includes:
(i) A company incorporated outside India
(ii) An LLP incorporated outside India
(iii) An LLP registered under this act
But does not include
(i) A cooperative society registered under any law
(ii) A corporation sole
(iii) Any other body corporate
Foreign Limited Liability Partnership :
Which is formed, registered or incorporated outside India
Which establishes a place of business within India
LLP Agreement:
Between the partners of the LLP
Between the LLP and its partners
The incorporation Process has been explained through the following flow chart:
Every limited liability partnership shall have either the words “limited liability partnership or “LLP” as the last words of its name.
Documents Required For LLP:
Address Proof (Passport, Driving License, Aadhar Card, Ration Card)
Pan Card
Residential Proof (Telephone Bill, Mobile Bill, Electricity Bill, Bank Statement)
Foreign National:
Passport
Address Proof (Driving License, Bank Statement, Residence Card)
Residential Proof (Telephone Bill, Mobile Bill, Electricity Bill, Bank Statement)
