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Limited Liability Partnership (LLP) Company Registration in Chennai

The Limited Liability Partnership (LLP) Act, 2008 governs the partnership form of business in India. LLP company registration in India is a popular option for businesses that want the benefits of limited liability and minimal maintenance.

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What is an LLP Registration?

An LLP is a hybrid business structure that offers the benefits of both a company and a partnership. LLPs have limited liability, which means that the partners are not personally liable for the debts and obligations of the business. LLPs also have minimal maintenance requirements, which makes them a good option for small businesses.

LLP registration includes

  • Digital Signature for two designated partners
  • DIN/DPIN for two partners
  • Certificate of Incorporation
  • LLP Agreement
  • PAN and TAN for LLP

List of Documents for LLP registration in Chennai

  • Partners PAN and Aadhaar copies
  • Partners Passport-size photo
  • ID proof: voter's ID, passport, Aadhaar card, or driver's license
  • Address proof: electricity bill, telephone bill, phone bill, gas bill, or bank statement (within 2 months)
  • Contact number and email address of all designated partners.
  • Office address (Google Maps location)
  • Registered office address proof: electricity bill, telephone bill, phone bill, or gas bill (within 2 months)

Benefits of LLP

Benefits of forming an LLP Firm Registration in Chennai

Limited liability

The partners in an LLP are not personally liable for the debts and obligations of the business. This means that the partners' personal assets are protected in the event that the LLP becomes insolvent.

Minimal maintenance

LLPs have minimal maintenance requirements, which can save businesses time and money. For example, LLPs are not required to hold annual general meetings or file annual returns with the ROC.

Flexibility

LLPs are a flexible business structure that can be customized to meet the specific needs of the business. For example, the LLP agreement can be used to specify the rights and responsibilities of the partners, as well as the management structure of the LLP.

Professionalism

LLPs are a good option for professional services firms, such as law firms and accounting firms. This is because LLPs give the partners the benefits of limited liability while also maintaining the professional image of a partnership.

LLP company registration procedure in Chennai

1

File Form RUN LLP to check name availability and apply for name reservation.

2

File Form FiLLiP to register the permanent address of the company and obtain DIN (Director Identification Number).

3

Apply for PAN and TAN.

4

Prepare consent from designated partners and subscriber sheet.

5

File LLP Form 9, which is the consent by designated partners.

6

File LLP Form No. 3, which is the information with regard to the Limited Liability Partnership Agreement

7

The LLP agreement is a document that sets out the rights and responsibilities of the partners in the LLP. The LLP agreement must be filed with the Registrar of Companies (ROC) when the LLP is registered.

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