Limited Liability Partnership Registration In Chennai
LLP registration in Chennai is an inevitable task. We Corpstore is in front to assist in the registration services and serves in areas of Chennai like Pallikaranai, Selaiyur, Maduranthakam, Mambakkam and Padur. LLP has been introduced to provide a form of business that is easy in formation. It provides the owner to have limited liability. It has uninterrupted succession which can be translated into one word perpetual succession. Even if the term dissolution is used, it should be mutually agreed in the firm. Also transferring the ownership of the LLP is very simple. We have group of professionals to assist in the entire registration process.
Online LLP registration in Chennai is a simple task where a person can be quickly inducted as a designated partner and the ownership is switched to them. There is no owner and the manager difference. LLP is an artificial juristic person; hence it can acquire or own the property. The LLPs do not require formal audit and it has capital amount less than Rs.25 lakh and the turnover below Rs.40 lakh. The partners of the LLP cannot claim the property as their own. The LLP has two individuals, one as the designated partner and the other one should be the Indian resident. It has low cost formation and the fellow partner is not liable for any of the wrong doings of the other partner. Hence each partner is legally protected. LLP registration in Chennai is an important task since they have less restrictions and compliances. The LLP can sue and can be sued since it is separate legal entity as seen before.
What are the documents needed for LLP registration?
- Latest passport sized photographs
- Identity proofs of each partner like voter Id, Aadhar card
- PAN of all the partners
- Address proof of the partners like telephone bill, electricity bill
- If the place is on rent then rent agreement or NOC from the landlord is needed.
- Bank statement
Steps involved in LLP registration
The LLP follows the below steps to get it registered.
- Obtain the DSC and DIN
- Apply the form for the name removal
- LLP agreement
- Once the registrar approves the MOA and AOA then incorporation certificate is granted
- Apply for PAN, TAN and the bank account