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Limited Liability Partnership has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization. Minimum two partners are required to incorporate an LLP.

Limited liability partnerships in Chennai allow for a partnership structure where each partner’s liabilities are limited to the amount they put into the business. Limited liability means that if the partnership fails, then creditors cannot go after a partner’s personal assets or income

Process for LLP Registration

Applying DIN&DSC

ll the partners are required to get DPIN(Designated Partner Identification Number). DIN can be used if a partners possesses DIN

Acquire/ Register DSC

Digital Signature Certificate should be obtained and should be registered with the LLP Application

Incorporate a LLP

Form1 to be filled for Name confirmation and form 2 should be filed for Incorporating an LLP after the Name is confirmed

File LLP Agreement

After incorporation of LLP, an initial LLP agreement is to be filed within 30 days of incorporation of LLP.

LLP Registration Done

Once the LLP is Incorporated, we will send you LLP Certificate

Documents Require For LLP Registration
  • Copy of PAN Card of Partners
  • Passport size photograph of directors
  • Copy of Aadhaar Card/ Voter identity card
  • Digital Signature Certificate
  • Landlord NOC (Format will be provided)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Copy of NOC from the property owner
Benefits for Registering LLP Registration
  1. You have the flexibility of being taxed as a sole proprietor, partnership, S corporation or C corporation.
  2. Less paperwork and lower filing costs
  3. You can form an LLC with as little as one person, but you can also have an unlimited number of members.
  4. Flow-through income taxation, keeping things simple
  5. Members are protected from some liability if the company runs into legal issues or debts.
  6. Members can receive revenues that are larger than their individual ownership percentage
FAQS OR Frequently Asked Questions
At least two partners are required for LLP registration. The maximum partners can be 200. If you are the sole owner, you can register as a One Person Company.
Any individual/organisation can become the partner in LLP including foreigners/NRI’s. However, the individual must 18+ above in terms of age and should have a valid PAN card.
Yes, but only after he has been assigned with DIN/DPIN. However, at least one designated partner in LLP must be a Resident of India. In fact, the foreign director can also be a majority shareholder in the company
Yes, you can register your LLP at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office. You just have to provide your home address proof such as rent agreement or electricity bill.
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