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For an LLP, is it important to run business only from registered office? What if one partners stays in a different state and runs operations from there?

It is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.

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