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Partnership is a business structure in which two or more business partners operates and manages a business as per the rules and regulation set in partnership deed. This is mainly formed among small and medium sized enterprises for which partnership registration is very easy and simple. Partnership deed is established with the agreement of all the partners with their own rights and obligation they want to initiate in their business. The terms and conditions can be made contrasting to the Indian Partnership Act, 1932 but if the Partnership Deed is quiet on any clause, then the provisions of the Act would apply.
In this registration, partners have unlimited liability and share responsibilities and liabilities with each other as per their deed. Cost effective, easily settled and with minimum requirement of agreement makes it easy and simplest especially for smaller and medium sized entity. Profits and losses from the business easily divide between the partners. Though, registration is not mandatory. However, in order to take any legal action, the partnership must be registered in the partnership deed. The deed contains the name, address, partnership name, starting date of business, terms and regulation (If any), investment, liability and share of each partner in case of profit and loss.
The LPP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008.
Minimun 2 Partners are required to start a LPP. There are no limit on the mximum number of in a LPP.
Unilike a private ltd company no minimum capital required to start a LPP.
A legal proof of LPP is certificate incorporation as well as LPP agreement.
LPP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted.
Name allotment as desired by you is wholly a discretionary power of ROC. Normally ROC is allot your desired business name if it is unique and not resemblinding with any existing company/LPP.
Yes, DSC of an authorised director is required while in corporating an LPP.
Yes, Charted Help is an online platform serving all over india no matter wherever you are doing your business all you need is internet connection on your mobile or desktop and we are ready to get your done.
No, You don't need to be a physically present for the process.E-startupindia is an online catering platform all you need is internet connection in your phone/desktop and required document with and we can get the job done no matters even you are present at remotest location of the india.