Limited Liability Partnership Registration in Chennai

Solubilis offers LLP registration in Chennai, including Bangalore, Hyderabad, and Cochin. A Limited Liability Partnership (LLP) combines the advantages of limited liability, like a company, with the flexibility of a partnership. It's an ideal choice for small and medium enterprises. Governed by the LLP Act, 2008, LLPs are exempt from the provisions of the Indian Partnership Act, 1932.
Under the LLP Act, an LLP is a distinct legal entity, separate from its partners. It enjoys perpetual succession, ensuring the partnership's continuity without affecting its existence, rights, or liabilities. Solubilis simplifies the LLP registration process, helping entrepreneurs navigate the legal requirements effortlessly. With Solubilis, you can establish an LLP, offering limited liability and partnership benefits, making it a practical choice for your business venture.

Limited Liability Partnership
Documents required

Basic elements of Limited Liability Partnership

Distinct Legal Entity: An LLP with LLP registration in Chennai is a separate legal entity from its members.
Agreement-Based Operation: It functions based on an agreement, allowing it to own property and borrow money like a natural person.
Operational Flexibility: LLPs operate with flexibility, without extensive legal and procedural requirements.
Simplified Legal Procedures: Forming, running, and managing an LLP involve fewer legal complexities. You need a minimum of two and a maximum of 20 members to establish an LLP.
Investor-Friendly: LLPs are favoured by the business community for their investor-friendly nature.
Perpetual Succession: An LLP enjoys perpetual existence, continuing indefinitely.
Corporate Flexibility: It possesses all the flexibilities of a company, including mergers, amalgamations, winding up, and dissolution.
"LLP" Identifier: The name of the LLP should include "LLP" to distinguish it as a Limited Liability Partnership.
Partners as Agents: Partners act as agents for the partnership.
Capital Transfer Consent: Partners cannot transfer their capital to another person without the consent of all other partners.

These characteristics make LLPs an attractive and adaptable business structure, combining the best of limited liability and partnership features.

Proposed Partner - Indian Citizen:

PAN Card: Include your valid PAN card.
Aadhar Card: Provide your Aadhar card.
Address Proof: Submit a recent Bank Statement, Telephone Bill, EB Bill, or Mobile Bill (not older than two months).

Proposed Partner - Foreign National:

Passport Copy: Include a copy of your passport, duly notarized and apostilled.
Address Proof: For online LLP registration in Chennai Provide a notarized and apostilled address proof.
Nationality Proof: Submit a notarized and apostilled copy of your nationality proof.
Two Passport Size Photos: Attach two passport-sized photos.

Register Office documents:

Rental Office: If your office is rented, a rental agreement is mandatory.
Electricity Bill: Include an electricity bill (not older than two months).
NOC from Landlord: If you are an occupant, obtain a No Objection Certificate (NOC) from your landlord to operate the business.

These documents are essential for LLP registration process, ensuring compliance with legal requirements.

FAQ'S

Limited Liability Partnership (LLP), regulated by the Limited Liability Act, 2008, offers a unique business structure. It's a distinct legal entity, akin to a private limited company, ensuring perpetual succession. Notably, partners in LLP enjoy limited liability, limiting their obligation to their invested capital. This means partners are not personally accountable for the company's debts, making LLP an appealing choice for business registration.

Minimum 2 designated partners are mandatory for an LLP; no maximum limit for partners is prescribed. Flexibility in partnership structure.

An LLP registered in India must designate a registered office for official communications from the Ministry of Corporate Affairs and other government bodies. The registered office can be located anywhere in India. To establish this office, a copy of the premises' electricity bill is essential. If the office is rented, a rental agreement is also required, ensuring compliance with legal obligations.

No capital limit for LLP formation; you can start with as little as Rs. 5,000, promoting business accessibility and flexibility.

LLP registration takes 10 to 15 working days. Processing time may vary based on document provision by the client and MCA approval, ensuring efficient registration.

Yes, it's possible to convert a company or partnership firm into an LLP.

Foreign Nationals/NRIs can be LLP partners, but at least one Indian Resident must also be a Designated Partner, ensuring legal compliance and representation.

LLPIN is a unique 7-digit alphanumeric registration number assigned by the Ministry of Corporate Affairs, Government of India, to Limited Liability Partnerships (LLPs). For instance, "AAA-0002" is the LLPIN given to "Companies Inn Consulting LLP," the first LLP registered online in India.