LLP Registration in Coimbatore

Limited Liability Partnership (LLP) in India is a unique business structure that combines the benefits of both a traditional partnership and a company. LLP registration in Coimbatore offers limited liability protection to its partners, shielding their personal assets from business debts. LLPs are governed by the Limited Liability Partnership Act, 2008, and are registered with the Ministry of Corporate Affairs (MCA).

An LLP is a separate legal entity with perpetual succession, enabling it to enter contracts, own property, and sue or be sued in its own name. This business form is favoured for its flexibility, ease of operation, and fewer compliance requirements. It's commonly chosen by professionals, small businesses, and start-ups looking to enjoy the advantages of a partnership while ensuring limited liability protection.

Documents Required
Benefits

Proposed Partner - Indian Citizen:

PAN Card: Include a valid PAN card.
Aadhar Card: Provide your Aadhar card.
Address Proof: For LLP registration in Coimbatore, submit a recent Bank Statement, Telephone Bill, EB Bill, or Mobile Bill (not older than two months).
Passport Size Photo: Attach a passport-sized photo.

Proposed Partner - Foreign National:

Passport Copy: Include a copy of your passport, duly notarized and apostilled.
Address Proof: 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 vital for a smooth process of LLP registration online, ensuring compliance with legal requirements.

Benefits Of LLP Registration

Limited Liability:
Partners in an LLP have limited liability, restricting their responsibility to their contributions to the LLP.
Separate Legal Entity:
An LLP registered in Coimbatore is a distinct legal entity, separate from its partners. It can sue and be sued independently.
Continuity of existence:
An LLP continues to exist even after the death of a partner, ensuring business continuity.
Transferability of ownership:
Ownership of an LLP can be easily transferred to another individual.
No need of compulsory Audit:
LLPs are not obligated to undergo compulsory audits, reducing financial burdens.

These advantages make LLP registration in Coimbatore an attractive choice for businesses, offering limited liability, flexibility, and simplified compliance.

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.