Agrasen Financial Services

What is LLP ?
LLP is called Limited Liability Partnership which is introduced in the year of 2008 under the Limited Liability PartnershipAct 2008. LLP is similar to the general Partnership Firm Registration but due to its legal structure there is no limitedliability in the general partnership so govt of India introduce Limited Liability Partnership on 9th January 2009 and theFirst LLP Incorporated on 2nd April 2009 as per Wikipedia.

What is LLP Registration?LLP Registration is a standard Process where 2 LLP Partners create a LLP Incorporation Entity with the limited liabilityand open a current bank account on the LLP Name & Start the business. Here partners have to pay the Government Fee& Professional Fee for the same.

LLP Incorporation Rules?
Minimum required 2 partners to create a LLP Incorporation.There is No Authorised share capital concept like private limited company registration. so you can start with anyamount of the share capital of the LLP Partners.

To meet the day-to-day problems occurring in the partnership business in India, The Indian Partnership Act, 1932 was introduced. Partnerships in the State of Rajasthan are governed by the Rajasthan Partnership Rules, 2017 formulated under the said Act. Partnership is the relation between persons who have agreed to share the profits of a business carried out by all or any of them acting for all.