There are no strong requirements for a commercial office for LLP Registration. You can use your residential address also for the purpose of LLP Incorporation.
There is no infringement to add the family members as a partner in LLP.
Yes, you can convert it into LLP by obeying the provision of the LLP Act.
Anyone can be the partner of an LLP. The partner needs to subscribe at the time of incorporation of LLP to the incorporation document is mandatory. The new partner can be acknowledged to the LLP as per the requirements of LLP Agreement.
No, Formation of an LLP does not need any minimum requirements. The partners can form the LLP at any cost.
It is a contract made between the members of an LLP to establish a relationship between them to secure their investment.
Once the LLP is registered, it is valid until the time period mentioned in the LLP agreement or till the period where the partners mutually wind up the business. Also, the LLP is valid until it complies with its annual compliances requirements.
There is no need to appoint directors in LLP. The partners will handle all the business operations of the LLP.
No, it complies online with Corpstore which makes the things easier as your prediction.
The LLP can able to secure only the company name like XYZ Technologies LLP. If you want to secure your logo or brand you can go with trademark registration for the same.
The minimum requirement to form an LLP is 18 years with valid documents for registration like PAN card etc.
It implies that the partners of the LLP are not liable to pay the debt of the business. They are only responsible for the share capital of the LLP.
Yes, the FDI is applicable in LLP under the automatic route in the sectors allowed by the Foreign Investments Promotion Board (FIPB). But the Foreign Institutional Investors (Falls) and Foreign Venture Capital Investors (FVCIs) are not permitted to invest in LLPs. LLP is not allowed to avail External Commercial Borrowings (ECB.)
Based on the LLP Guidelines, the name of the LLP Company must end with the word LLP or Limited liability partnership.