Online LLP Registration in Chennai
Smartcorp is the best service provider of LLP registration in Chennai- Tamilnadu and prominent consultant in South India. We have expanded our service wings in West mambalam, Anna nagar, Triplicane, Tambaram, Sri Perumpudur, Red hills and Pudupettai. Our objective is to reach the destination of applicant’s expectation and enhance the business reputation by providing unique services at an affordable cost. Smartcorp is a registered consultant and strictly follows the norms and terms of our Indian Government.
LLP is an expanded form of limited liability partnership. It is a business structure that can combine the pass through taxation of partnership or sole proprietorship with the limited liability of a corporation. It is a hybrid legal entity that has a characterisation of both corporate and a partnership or sole proprietorship. LLP is easy to form when compared to partnership firm and it is a separate legal entity. There is no audit required for LLP business and LLP registration comes under the LLP registration act, 2008. Minimum two persons can start the LLP business; there is no limitation for maximum number of a partner. LLP business have long term span even though if the partner does not exist. Among the LLP partners one should be an Indian resident. The process takes 15 long days for filing. Board of directors, board meeting or shareholder meeting is not required for LLP business.
Documents required for LLP Registration in Chennai
- PAN Card of all partners
- Address proof of each partner (Aadhar card/ Voter ID/ Driving License)
- Photography of each partners (Passport size photo)
- Business address proof (Latest electricity bill/ Phone Bill or any other utility Bill)
- Rental Agreement of the registered office
- Digital signature Certificate
- Passport (if the partner is a foreign resident)
Benefits of LLP Registration in Chennai
- No requirement for minimum contribution
- Liability of a business is limited
- Cost of registration is low
- Easy conversion
- Easy and quick registration process through online
- No audit requirement
- Span of business is long term
- Easy filing process
- There are more benefits compared to other business entity
- Quick decision making
- No agreement to share profit. It is equally shared.