Limited Liability Partnership Registration in Chhattisgarh

LLP registration in Chhattisgarh is an attractive option for entrepreneurs and professionals looking to start a business with limited liability protection. LLPs offer the advantages of both traditional partnerships and corporations, providing limited liability for partners while ensuring flexibility in management and taxation. For those seeking the form for LLP incorporation, Chhattisgarh offers a supportive environment for setting up your business.

There are two types of Limited Liability Partnership (LLP) Registration:

Regular LLP Registration: This outlines the standard online LLP registration process, customized for various business activities. The incorporation of an LLP involves managing the LLP through its partners and complying with taxation as per the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can effortlessly transition to an LLP via the Online LLP Conversion Registration process. During this transition, the firm's partners assume the roles of designated partners in the LLP, with the firm's assets and liabilities being transferred seamlessly. This conversion provides various advantages, such as limited liability protection for the partners, acknowledgment of the LLP as a separate legal entity, and potential tax benefits.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP is required to have a minimum of two designated partners, including at least one who must be a resident of the country where the LLP is registered.
2. Digital Signature Certificate (DSC): All designated partners must acquire a Digital Signature Certificate (DSC) to electronically sign documents.
3. Designated Partner Identification Number (DPIN): Each designated partner is required to secure a Director’s Personal Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) or the appropriate regulatory authority in their jurisdiction
4. LLP Agreement: The LLP agreement is a legal document that specifies the partners' rights, duties, and responsibilities, as well as the LLP's management structure. This agreement must be prepared and submitted to the Registrar of Companies (ROC) within 30 days of the LLP's incorporation.
5. Address proof: The LLP's registered office must provide valid documentation to confirm its address.

DOCUMENTS REQUIRED

Documents required for Limited Liability Partnership (LLP) Registration

For Director/Shareholders:

• Self-attested Pan card
• Self-attested Voter id or Driving license or Passport
• Self-attested Bank statement or electricity/telephone/mobile bill
• Recent passport-size photo

For Registered address of company:

If the premise is rented/leased

• Copy of the Electricity bill of the owner
• Rent or lease agreement
• NOC from the owner of the property

If the premise is Owned

• Copy of the Electricity bill of the owner
• NOC from the owner of the property

REGISTRATION PROCESS

• LLP Registration Process
• Name Reservation
• Procurement of Digital signatures
• Preparation of Incorporation documents
• Drafting of LLP Deed

WHY US

What will you get from Us for Limited Liability Partnership (LLP) Registration?

• Incorporation Kit
• Bank Account opening document
• Document Formats
• First auditor appointment
• Two Class 3 Digital Signatures
• 2 Designated Partners Identification Numbers
• Company Name Approval
• LLP Deed
• Certificate of Incorporation

An additional benefit of Limited Liability Partnership Registration Online

1. Bank Account Opening
2. Free Domain
3. Free Website up to 5 pages
4. Listing on Social media platforms
5. Listing on Google My Business for nearby business
6. Razor pay/Payu money payment gateway for online payment

Top 10 advantages to registering as LLP Registration in Chhattisgarh

• Limited liability: In an LLP, partners are liable for the LLP's debts and obligations only to the extent of their individual contributions, thereby safeguarding their personal assets from being used to settle these liabilities.
• Separate legal entity: A Limited Liability Partnership (LLP) is a distinct legal entity, separate from its partners, which allows it to enter into contracts, own property, and conduct legal actions under its own name.
• Flexibility in management: In an LLP, partners have the freedom to manage the business and make decisions independently, without interference from external shareholders.
• Easy to set up: Setting up a Limited Liability Partnership is a simple and efficient process, with fewer documentation requirements than other business structures.
• Perpetual succession: An LLP enjoys perpetual succession, meaning it can remain operational without disruption, even when there are changes in partners, such as departures or deaths.
• Tax benefits: LLPs benefit from lower tax rates compared to companies, and the profits distributed to partners are not subject to additional taxation.
• Less compliance requirements: LLPs enjoy lower tax rates than companies, and the profits allocated to partners are not subject to additional taxation.
• Transferability of ownership: In India, transferring ownership in an LLP is straightforward, allowing the LLP to continue operating smoothly even with changes in ownership.
• Access to funding: LLPs can secure funding from partners, investors, and banks, which facilitates their growth and expansion.
• Credibility and brand image: LLPs can obtain financing from partners, investors, and banks, which supports their growth and expansion.