Limited Liability Partnership Registration in Tamil Nadu

The Limited Liability Partnership Act, 2008 regulates the LLP business structure. LLP registration in Tamil Nadu has become increasingly popular among new ventures, with the number of newly registered LLPs exceeding that of company registrations in recent years. Professional firms such as Chartered Accountants, Company Secretaries, Advocates, recruitment agencies, and consulting businesses often choose LLP registration for their partnerships. A thorough understanding of the Registration Process of LLP Partnership is essential for a successful setup.

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

Regular LLP Registration: This details the standard procedure for Online LLP Registration, designed to suit different business activities. The LLP is overseen by its partners and is subject to taxation under the Income Tax Act.

Conversion LLP Registration Online: An existing partnership firm can easily transition to an LLP through the Online LLP Conversion Registration process. During this conversion, the firm's partners assume the role of designated partners in the LLP, and the firm's assets and liabilities are smoothly transferred. This change provides multiple benefits, such as limited liability protection for the partners, recognition of the LLP as a separate legal entity, and potential tax advantages.

Checklist for LLP Company Registration:

1. Minimum of two designated partners: An LLP must have at least two designated partners, with at least one residing in the country where the LLP is registered.
2. Digital Signature Certificate (DSC): All designated partners must acquire a Digital Signature Certificate (DSC) to sign documents electronically.
3. Designated Partner Identification Number (DPIN): Each designated partner must obtain a Director’s Personal Identification Number (DPIN) from the Ministry of Corporate Affairs (MCA) or the relevant regulatory authority in their area.
4. LLP Agreement: An LLP agreement is a legal document that details the rights, duties, and responsibilities of the partners, along with the management structure of the LLP. It must be prepared and submitted to the Registrar of Companies (ROC) within 30 days of the LLP's formation. Additionally, securing the LLP Registration Certificate is essential to officially recognize the LLP's establishment and ensure compliance.
5. Address proof: The LLP's registered office must provide valid proof of 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 Tamil Nadu

• Limited liability: The partners of an LLP are responsible for the LLP's debts and obligations only to the extent of their individual contributions, thereby protecting their personal assets from being used to satisfy these liabilities.
• Separate legal entity: A Limited Liability Partnership (LLP) operates as an independent legal entity, distinct from its partners, allowing it to independently enter into contracts, own property, and participate in legal actions.
• Flexibility in management: The partners of an LLP are free to manage the business and make decisions independently, without any interference from external shareholders.
• Easy to set up: Forming a Limited Liability Partnership is a streamlined and efficient process that requires less documentation compared to other business structures. To Register a Limited Liability Partnership, you can benefit from a straightforward procedure that simplifies the establishment of your business.
• Perpetual succession: An LLP enjoys perpetual succession, which enables it to remain operational without interruption, even if there are changes in its partners, including their departure or death.
• Tax benefits: LLPs enjoy lower tax rates compared to companies, and partners do not incur taxes on the profits they receive from the LLP.
• Less compliance requirements: LLPs enjoy lower tax rates than companies, and partners are not taxed on the profits they receive from the LLP.
• Transferability of ownership: In India, ownership transfers in an LLP are simple, enabling the LLP to operate smoothly even with changes in ownership.
• Access to funding: LLPs can secure funding from partners, investors, and banks, which supports their growth and expansion.
• Credibility and brand image: LLPs can secure funding from partners, investors, and banks, which supports their growth and expansion.