What Process for Limited Liability Partnership Registration in Chennai?


What Process for Limited Liability Partnership Registration in Chennai?

 "Call Our Business Plan Experts at +91-72999-72500"


Limited Liability Partnership firms are a popular form of business because they offer ease and flexibility while allowing partners to share in the profits. However, this form of business also carries certain risks and liabilities that are not incurred by private limited companies. Therefore, a lot of businessmen prefer to convert their partnership firm into a limited liability partnership.

To do so, they need to follow the legal procedures set out by the Ministry of Corporate Affairs. These procedures include obtaining a Digital Signature Certificate, drafting the LLP agreement and filing the necessary documents with the Registrar of Companies. Then, the registrar will issue the Certificate of Incorporation.

In order to apply for the LLP, the applicants should provide all the essential details about the existing partnership firm including the date of incorporation, its name, address, and contact number. In addition, the application should be signed by all the partners of the firm. The application should also contain details about the existing PAN card of the firm and a utility bill of the registered office.

Once the application is submitted, the Registrar of Companies will reserve a unique name for the LLP. The reserved name can be used for a maximum of 90 days. The Registrar will then issue the Certificate of Incorporation once all the documents are approved. Once the LLP is registered, it must mandatorily file its annual returns and pay the income tax. To help LLPs with their compliance needs, IndiaFilings provides a comprehensive LLP compliance service at a competitive price point.

 

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