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LLP Consulting Services

Limited Liability Partnerships (LLP)Consulting Services

The Limited Liability Partnership (LLP) is an incorporated business organization, which possesses elements of both a Partnership Firm and a Limited Company. In limited liability partnership, some of its partners have limited liability like shareholders to a corporation. However, in some countries, there is at least one partner with unlimited liability. Again, the designated partners to LLP have the right to manage their internal and external business affairs directly, in accordance with the LLP Agreement. Its every partner has its own responsibilities and liabilities, and one is not responsible or liable for any misconduct, negligence, or delinquency of other partners to LLP.

DIFFERENCE BETWEEN LLP, COMPANY AND PARTNERSHIP

REGISTRATION

Company

Compulsory registration required with the ROC. Certificate of Incorporation is conclusive evidence.

Partnership Firm

Not compulsory. Unregistered Partnership Firm will not have the ability to sue.

LLP

Compulsory registration required with the ROC

NAME

Company

Name of a public company to end with the word “limited” and a private company with the words “private limited”

Partnership Firm

No guidelines.

LLP

Name to end with “LLP”” Limited Liability Partnership”

CAPITAL CONTRIBUTION

Company

Private company should have a minimum paid up capital of Rs. 1 lakh and Rs.5 lakhs for a public company

Partnership Firm

Not specified

LLP

Not specified

LEGAL ENTITY STATUS

Company

Is a separate legal entity

Partnership Firm

Not a separate legal entity

LLP

Is a separate legal entity

What VJM & Associates Offers
We offer LLP Consulting / Advisory services which are highly renowned as a one-window-solution provider for LLP Consulting services in Delhi/NCR. We offer professional assistance in getting your LLP Consulting services at competitive rates and in a short span of time. We offer following LLP Services:

Name Reservation Service
LLP Agreement Drafting Service
Annual Filing Services
Induction of New Partners and changes thereof
Companies offers following LLP Services as well.
Conversion of Firms / Companies to LLP
Conversion of LLP to Company (under Part IX of the Companies Act,1956 )
Compromise, Arrangement or Reconstruction of Limited Liability Partnerships

Services we Provide

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