Limited Liability Partnership LLP Registration in Chennai
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Online LLP Registration in Chennai
In the last few years, many small and medium-sized businesses are forming LLP firms. LLP Registration is quite easy these days and you will need limited capital to form LLP. Apart from that, an LLP firm is also easy to form with a minimum of 2 people. There is no limit on maximum members of the firm. Besides, you can also start an LLP firm with any amount of capital.
Every LLP firm in India is governed by Limited Liability Partnership Act, 2008. You have to file an LLP agreement that states all the rights and duties of the partners. One of the major benefits of an LLP firm is that it works even after the death or retirement of partners. The firm has its own distinct identity and can enter into contracts and sue its name.
The features of LLP Firm are similar to company and partnership firm. It has less compliance and fewer regulations as well. Within a few working days, you can register an LLP firm in presence of 2 members. You have to file only 2 documents of LLP firm annually. They are Statement of Accounts and Statement of Solvency every year.
Process of LLP Registration in Chennai
Obtaining DSC and applying for DPIN
The first thing is to get the Digital Signature Certificate of every partner. After obtaining DSC, you have to apply for Designated Identification Number through e-form.
Name Approval
The next step in the process of LLP Registration in India is to apply to get approval for the firm’s name. The name of LLP should be unique.
Filing of Incorporation Application
After obtaining approval for name, you have to file an incorporation application with the ROC of the state in which your office is situated.
Filing of LLP Agreement
Finally, you have to file an LLP (Limited Liability Partnership) certification within 30 days of the incorporation date.
Advantages of LLP Registration in Chennai
Simple to Form
LLP Registration in Chennai is easier than registration of other companies. You can do the registration process online to add Company Types and its process to register.
No Limit on Capital
You can form an LLP firm with any amount of capital. It is easy for small firms to start LLP with limited capital.
No Compulsory Audit
LLP does not have to get its accounts audited every year except in a few cases. There are fewer regulations in LLP firms than in other companies.
Builds Brand Image
Doing online limited liability partnership Registration in Chennai helps to build a brand image of the business.
Documents Required for LLP Registration in Chennai
- Proof of Every Partner
PAN card and Aadhar card of all the partners.
- Address Proof
Property tax bill, water or electricity bill or NOC from owners.
- Bank Statement
Bank passbook or bank account statement of every partner
- Latest Photographs
Photographs of every partner
- Passport
NRIs must give their passport.
- Proof of Registered Office
Water bill or Electricity bill of the registered office of business
- LLP Agreement
LLP Agreement with Stamp paper.
Pre-requirements for LLP registration in Chennai
- Pre Requirements -- There should be a minimum of 2 people for LLP Registration Online in Chennai. One partner in the firm must be from India.
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Check out our local presense: LLP Registration in Agra, LLP Registration in Delhi, LLP registration in Jaipur, LLP registration in Bangalore, LLP registration in Chennai, LLP registration in India, LLP registration in Mumbai, LLP registration in Pune
LLP Registration Packages
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- Expert Consultancy
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- GST Registration
- Expert Consultancy
Basic
What's included
- LLP Registration
- Digital Signature Certificate (2 Nos.)
- GST Registration
- Udyam Registration
- GST Filings GSTR3B & GSTR1 (for 6 Months)
- Expert Consultancy
FAQ (Frequently Asked Questions)
Is the partner liable to pay for the losses of the LLP firm?
No, the partners have to pay only the amount that they have agreed to contribute to the firm. They are not liable to pay all the losses of the firm.
Can LLP firms work after the insolvency of the partner?
Yes, LLP firm has different identity from their members. It can even after insolvency or death of the partners.