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LLP with Government
LLP Deed
Notarization of LLP Deed
Duration: The duration for the whole process will be minimum 15 days.
Partnership is an agreement between two or more people to share the profits of a business. The business can be carried on together by all the partners or any one partner representing the others. A partnership can be for a fixed period of time or it may be limited to a specific project or it may be dissolved at will.
1.There must be an agreement between two or more persons.
2. The agreement must be to share the profits of the business.
3.All partners together, or any one, on behalf of the others must carry on the business.
The Partnership Act does not prohibit a non-citizen from joining an Indian partnership firm, subject to necessary clearances and permissions from satisfactory authorities in this regard.
OCapital is the initial amount in cash or kind contributed by the partners to start the business. It is not necessary for each partner to contribute equally to the capital. Contribution is based on the agreement between the parties.
It is not compulsory for a partnership deed to be in writing. Partnerships can also be oral.
Partners must be major (above the age of 18), should be sane and should not be disqualified by law from entering into a contract.
Yes, a partner can transfer his interest in the business to an outsider, but only with the consent of all other partners.
A partnership firm can be dissolved in any of the following ways:
1. By agreement.
2. By compulsory dissolution.
3. On the happenings of certain events.