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It is not mandatory to have a commercial space for maintaining a registered address. Any premises, either owned or rented or leased, can be the registered address of the LLP.
An Individual/body corporate is eligible to become a partner/Designated Partner in LLP. For LLP, body corporate means Company as defined in the Companies Act, 2013 and includes LLP registered under the act, LLP incorporated outside India, and Companies Incorporated Outside India but does not include Cooperative Society, Corporation Sole,
Yes, an NRI/a Foreign National holding “DIN/DPIN” can become a partner in the LLP. However, at least one designated partner in an LLP must be an Indian Citizen.
It will take from 5-10 working days to incorporate a company if you have all the required documents/information in order.
An LLP can be started with any amount of money there is no such minimum requirement. A partner may contribute both tangible and intangible property.
An existing partnership firm or a Company that is unlisted can be converted into an LLP.
As per the LLP Act, partners/designated partners of the LLP have to execute and file the LLP Agreement with the Registrar within 30 Days from the date of formation of the LLP.
Every LLP has to file an Annual Return with the Registrar within 60 days from the closure of its Financial Year.
Every LLP has to prepare, sign and file a Statement of Account and Solvency with the Registrar within 30 days from the end of 6 Months from the closure of its Financial Year.