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Limited Liability Partnership (LLP), introduced only in 2008, has quickly become a popular legal structure for businesses. Its main improvement over the General Partnership is that, as the name indicates, it limits the liabilities of its partners to their contributions to the business and also offers each partner protection from the negligence, misdeeds or incompetence of the other partners.
The LLP Registration is also cheaper to incorporate than a private limited company, requires fewer compliances and can be a smart choice from a tax perspective. However, if you’re looking to raise venture capital or attract talent with employee stock options, private limited is the way to go as LLPs cannot easily accommodate it. This is why they are most popular with professional services firms (web designers or architects, for example) that require no equity funding.
It takes around 20 days for LLP Registration. For Quickest Registration of Limited Liability Partnership Company in Chennai, Call us on: 9500208182
You will need the help and support of a licensed company registration service provider like us who can get your company registered by Ministry of Corporate Affairs India.
All designated partners of the proposed LLP shall obtain “Designated Partner Identification Number (DPIN)”. You need to file eForm DIR-3 in order to obtain DIN or DPIN. In case you already have a DIN (Director Identification Number), the same can be used as a DPIN.
Acquire DSC -A licensed Certifying Authority (Like us) issues the digital signature. We have been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.
The next step is to decide the name for the proposed LLP incorporation. Which we will apply on your behalf.
The next pertinent step is drafting of Limited Liability Partnership Agreement governing the mutual rights and duties among the partners and among the LLP and its partners.
After the Registrar is satisfied that all the formalities with respect to the incorporation has been complied, he will issue a Certificate of Incorporation as to formation of the LLP which is the conclusive evidence of formation of the LLP.