Incorporation / Registration Cost
Cloud Incorporation Fee : ₹ 1999/-
DIN : ₹ 0/-
DSC : ₹ 2500/-
Govt Fee : ₹ 500/-
Stamp duty : ₹ 0-/-
Taxes : ₹ 143/-
Difference Between LLP & Partnership Firm
LLP is a form of business operation which combines the features of a Partnership and a body corporate and on the other hand Partnership refers to an agreement wherein 2 or more persons agree to carry on a business and share profits and loses mutually.
Advantages
One big advantage is that the partners are not liable personally and cannot be forced to pay a business debt or liability with personal property or assets. Their personal assets would be shielded from all business liability.
Disadvantages
Compared to a sole proprietorship or partnership, a LLP is a little more expensive to operate. The owner of a LLP may have to pay an unemployment compensation for him or herself, which he or she would not have to pay as a sole proprietor.
Documents Required For Limited Liability Partnership Registration
For Designated Partner
FOR REGISTERED ADDRESS