What Are The Mandatory Compliances For An LLP Firm While Launching A New Product?

Need consulting for our LLP firm, we are in an online marketing business so we already have necessary documents and registration, we are looking for consultation for our new product in a smart-watch category which is in prototype development right no... Read More

Need consulting for our LLP firm, we are in an online marketing business so we already have necessary documents and registration, we are looking for consultation for our new product in a smart-watch category which is in prototype development right now 1. License required for a smartwatch 2. Trademark registration 3. Patent registration 4. INDIA and US legal aspects in terms of certificates and law related to the new smartwatch category. 5. Electronic product related Certificates and required documents if we need to import this product from any country. 6. If we raise fund from crowdfunding and brings that money to India from the US in our firm then what would be the impacts on tax and related financial side.
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Answer (1)

Team Legistify

Team Legistify

  • Sector-1, Noida

A Limited Liability Partnership (LLP) is a combination of a Partnership Firm and a Private Limited Company in which the owners have limited liability. It was introduced in India under the Limited Liability Partnership Act, 2008. The primary benefit of incorporating a business as a Limited Liability Partnership is that in an LLP, one partner is not responsible or liable for another partner's misconduct or negligence.

There are several compliances required by a company when launching its new product, and each compliance is industry-specific. Consult our startup lawyers in India to get all your LLP compliances handled.

Answered on 22 Oct 2019


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