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Limited Liability Partnership in Maharashtra is a type of business where 2 or more people join hands to form a Partnership for carrying out a business. Limited Liability Partnership in Maharashtra is commonly called LLP and it also has the advantage of a separate legal entity which is not there in a normal partnership. In this type of business, the Partners' liability is Limited, meaning that Partners will be liable to pay only up to the money they have contributed to the capital of the LLP. No one Partner in the LLP can be held responsible for the wrong-doing or negligence of the other Partner as each Partner is only accountable for his own act.
Limited Liability Partnership in Maharashtra thereby has the features of both Partnership Firm as well as a Company thereby making it one of the attractive entity option for many businesses.
A Limited Liability Partnership in Maharashtra has 2 types of Partners – Designated Partners and Partners.
For Registered Office
There is no minimum capital requirement to register LLP in Maharashtra. An LLP in Maharashtra can be formed with the least possible capital.
1. Utility Bill of Registered Office;
2. Proof of Owneship of Registered Office;
3. Copy of PAN & Aadhar as Identity proof of Partners;
4. Copy of Utility Bill/Bank Statement as Address proof of Partners.
Filing of LLP Form 8 (Statement of Accounts & Solvency) and LLP Form 11 (Annual Return) is mandaory for all the LLPs in Maharashtra.
If a limited liability partnership (LLP in Maharashtra) has just two members and both are designated partners, both can become authorised signatories.
Ministry of Corporate Affairs (MCA) is the registering authority Pan India.
Time taken for registration is considered on the basis of working hours of government officials which is 12 working hours on a single day. Therefore, the approx. time taken for formation of entity would be 4 days.
