II. Designated partners have extra roles and responsibilities as compare to these of ordinary members like they are the accountable for accurate filing of LLP affairs and will need to update with legal status.Right after acquiring the name authorized, the Partners of the LLP can give in an application for incorporation of LLP to the Ministry of Corporate affairs, along with the mandatory documents. In case of LLP whose annual turnover is far more than Rs.one hundred Lakhs, the accounts have to be audited as necessary under Income Tax Act as nicely.Below LLP structure, liability of the partner

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You can register your Restricted Liability Partnership at your residential address, by giving some address proof like rent agreement or electricity bill. Section 23(3) of the LLP Act supplies that an agreement in writing produced just before the incorporation of a LLP Amongst the persons who have subscribed their names to the incorporation document. Hence, all partners need to have to execute and file the LLP agreement inside this time frame. Detail info about the partners. As soon as you get the incorporation certificate, you have to have to companyvakil.com apply for your organization limited

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