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LLP Registration in Chennai has emerged as a viable business option. It offers the combined benefits of a Company and the flexibility found in a Partnership firm, thereby establishing a unified entity.
Limited Liability: The partners are not personally accountable for the debts and liabilities of the LLP
Separate Legal Entity: The LLP is recognized as a distinct legal entity from its partners, providing credibility and legal protection.
Flexibility: LLP offers operational flexibility, which allows partners to run the business as per their needs and requirements.
Tax Benefits: LLPs are taxed as partnerships, resulting in lower tax liabilities for the LLP and partners as profits and losses are passed through.
Here are the major reasons why people prefer LLP:
To form an LLP, a minimum of two partners are required with no upper limit.
Each partner is obligated to contribute towards the capital of the LLP as there is no concept of shared capital.
Designated partners are required to obtain a Designated Partner Identification Number (DPIN) and a Digital Signature Certificate (DSC).
The Designated Partners must submit the following documents for LLP registration:
PAN Card
Identity Proof (Aadhaar Card, Voter ID, Passport, or Driver's License)
Address Proof (Savings Bank Statement, Telephone Bill, Mobile Bill, or Electricity Bill)
Latest passport-size photograph
Email IDs
Mobile Numbers linked with their Aadhaar
For Foreign Designated Partners, an International Passport is mandatory
The LLP registration requires the following documents:
Proof of Registered Office Address, such as the latest Power Bill
No-objection letter from the landlord
Rental Agreement from the landlord if the premises are rented
LLP Email ID
For Partnership firm registration, the following documents are required:
Identity and Address Proof of the Partners (PAN Card, Passport, Voter ID, Aadhaar Card, or Driver's License Copy).
Address Proof of the Business Place: Rent Agreement and NOC from Landlord for the rented property and Electricity Bills or any other Address Proof for own property.
The process involves three steps:
Step 1: Wind Up of Company
Step 2: Dissolution of Company
Step 3: Process of Winding up and Dissolution of Company
For an LLP, the process involves the following three steps:
Step 1: Striking Off Name of LLP
Step 2: Procedure for Striking Off Name
Step 3: Determining the liability of partners after striking off the name
Bizpole is the ideal choice for LLP registration in Chennai due to their expertise, efficiency, and customer-centric approach. With a track record of reliable service and comprehensive support, they ensure a hassle-free and seamless experience, making them the preferred partner for LLP registration.
The cost of running an LLP in Chennai varies based on various factors like the size of the business, compliance requirements, etc.
The process of registering an LLP in Chennai usually takes around 15-20 working days.
Registration of LLP is not compulsory for the whole of Chennai, but it is highly recommended.
Yes, foreign nationals can be partners in an LLP in Chennai, subject to FEMA regulations.
A minimum of two designated partners are required to form an LLP in Chennai.
Multivertz Pte. Ltd.
Bizpole is a company with great expertise in the domain of company incorporation and compliance. The company has a team of people who are highly cooperative and helpful.
Geetha's Home to Home
SRIMATHI was very helpful, guided me through the whole process and kept me updated. I am looking forward to working with her again.
Lubegen Lubricants Private Limited
We're very pleased with the professionalism and expertise of the Bizpole team. They were able to help us with our Pvt. Ltd. company registration in a fast and timely manner. Will recommend it to anyone looking for good and timely service.
Malayanma Vision
I had great service with Bizpole,Thanks for helping out with the registration. They have Affordable Prices and Great Customer Support. Truly a One Stop Solution for Business.
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