Limited Liability Partnership

Limited Liability
Partnership

Advantages & Benefits

Experience streamlined financial management and compliance solutions with FinBrains, where expert guidance, cost-effectiveness, and client confidentiality converge to drive your business’s success.

Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In an LLP, only investment to start a business is lost, personal assets of the Partners are safe

Limited Liability Protection to Directors personal assets

Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.

Better image and credibility in Market

LLP is easy to manage and statutory audit is not required for Limited Liability Partnership. LLP is most ideal for small enterprises. Tax Audit is also not required for LLPs with capital less than Rs. 25 lac and turnover not exceeding Rs. 40 lac.

No Audit Requirement & Minimal Compliances

LLP continues to exist beyond the existence of its Partners. This is not possible in traditional partnership firms.

Continuity of Business

In an LLP, partners have limited liability, meaning they are only responsible for the business's debts and obligations up to the amount they invested. This protects their personal assets from being used to settle business debts, unlike in a traditional partnership where partners can be personally liable.

Limited Liability

An LLP combines the flexibility of a partnership with the benefits of limited liability. Partners can manage the business directly, without the formalities and regulations that corporations often face. This allows for more straightforward decision-making and management structures, making it easier to adapt to changes and grow the business.

Operational Flexibility

Minimum Requirements

DIN for all Designated Partners is mandatory

DSC (Digital Signature Certificate) for all the Designated Partners

If a body corporate is a Partner, it must nominate a natural person as its Nominee

There is no concept of share capital, but each Partner has to contribute towards capital of LLP

Minimum 1 Shareholder

Address proof for office of LLP

Minimum 2 Partners

What All you get

What services does FinBrains offer?

We provide business setup, registrations, accounting, taxation, secretarial and legal assistance, and virtual CFO services.

Who can benefit from FinBrains' services?

Our services are tailored for startups and SMEs looking for comprehensive financial and compliance solutions.

What makes FinBrains cost-effective?

We ensure the best value for your investment by offering high-quality services at competitive rates.

What is a virtual CFO service?

Our virtual CFO service offers strategic financial management and advisory support without the need for a full-time in-house CFO.

How does FinBrains ensure client confidentiality?

We maintain strict privacy standards and handle all client information with the utmost care and security.

Our team comprises experienced chartered accountants and corporate financial advisors with extensive industry knowledge.

How do I get started with FinBrains?

You can contact us through our website or directly reach out to us for an initial consultation.

Can FinBrains assist with business setup and registration?

Yes, we offer comprehensive support for setting up and registering your business, ensuring compliance with all regulatory requirements.

What industries does FinBrains serve?

We cater to a wide range of industries, including technology, manufacturing, services, and more, focusing on the unique needs of startups and SMEs.

How do I know if I need virtual CFO services?

If your business requires strategic financial guidance but does not need a full-time CFO, our virtual CFO services can provide the expertise you need on a flexible basis.

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