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LLP REGISTRATION IN TAMILNADU

Get the best of both worlds with limited liability like that of a private limited company , with flexibility of a partnership.
Prices Starting from
INR 9999 /- only

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    The Limited Liability Partnership (LLP) structure of business is a very popular model among upcoming businesses in Tamil Nadu. This business structure offers dual benefits of operational flexibility coupled with the advantage of limited liability for partners. Moreover, it is also an acceptable business format for startup Registration also. If you are a wannabe entrepreneur who is assessing various business formats suitable for your operations it is worthy to have an understanding of LLP.

    Essential Documents for LLP Registration In Tamilnadu

    Documents required for LLP formation

    1. Partner Identity Proof and Address Proof, like PAN Card, Aadhaar Card, and utility bills.
    2. Name Preferences for LLP , to apply for Name Reservation
    3. LLP Registered Office Address Proof in Tamil Nadu
    4. DSC for a minimum 2 designated partner
    5. LLP Agreement

    FAQs On LLP Registration In Tamilnadu

    Get answers to all your queries

    Enjoy the benefits of our streamlined LLP registration process for Tamilnadu , get in touch with our team today

    There is no such minimum capital requirement mentioned in the LLP Act 2008. However logically capital is a prerequisite for any business to run, irrespective of its legal structure. Considering the same relevant amount may be introduced by partners

    Both LLP and private limited companies are extremely popular business formats in Tamilnadu. We cannot say one is better than the other since it greatly depends on the needs of your business. To clear the air, book a consultation call with Clearbiz, to have a detailed discussion and choose the best fit for you

    Ideally, 2-3 weeks if all documents are available .

    Well it's not mandatory, but it is highly recommended you engage a professional for drafting, to ensure the document is legally valid in all aspects

    Top Advantages of LLP Registration in Tamilnadu

    LLP  model of business offers many advantages to its partners. Let us have a look into few of the benefits 

     

    1. Limited Liability Protection

    LLP  is a separate legal entity under the eyes of law. Hence it has a separate identity from its partners/members. This comes as protection for the partners since their liability becomes limited to their capital contribution. They are not subject to losses of the business or any other liability over and above the capital amount. This feature offers the protection of limited liability to members.

     

    1. Operational Flexibility

    In comparison to a private limited company, an LLP form of business is, much more flexible. The statutory compliances and regulations for an LLP are much easier to adhere to compared with a private limited company in Tamil Nadu

     

    1. Tax-Free Profit-for Partners

    From the Income Tax point of view, the share of profits distributed to partners of an LLP is tax-free in their hands

    tds return

    Process for LLP Registration in Tamilnadu

    1. The first and foremost step is deciding on the Name of LLP in Tamil Nadu. The name must comply with the Naming restriction of the Ministry of Corporate Affairs and LLP Act 2008
    2. Once the Name is Finalised, an application for reservation of the same must be made with MCA , and approval obtained
    3. After the Name approval is obtained , an integrated form for LLP Incorporation -FilliUp must be duly filled and submitted along with all necessary attachments through MCA V3 portal 
    4. If the submitted forms are found to be in order , the concerned RoC of Tamil Nadu will issue an incorporation certificate to the LLP along with LLIN not clearly mentioned
    5. Most importantly within 30 days of obtaining the Certificate of Incorporation, Form 3 for submitting the LLP Agreement with Roc Tamil Nadu 

    What is an LLP Agreement?

    An LLP agreement is a document that clearly spells out the terms between partners of LLP. It lays down the capital contribution ratio, Profit sharing ratio, criteria for admission/ retirement of partners etc.In simple words it acts as the Bible for the LLP

     

     

     

    income tax consultancy

    Beyond Registration: Post-Registration Compliance Requirements

    1. Form 11 and Form 8 Annual Returns and Financial Statements
    2. Keeping Statutory Registers as prescribed
    3. Obtaining necessary registrations under GST/Income Tax /PF etc as required
    4. Opening of Current Account

    Why Choose Clearbiz for LLP Registration in Tamil Nadu?

    Our expertise is something we truly pride ourselves for. Clearbiz is well equipped with seasoned professionals comprising of Chartered Accountants, Company Secretaries and Lawyers who have years of practical experience to their aid. And with respect to the professional fees, we have a clear no no-surprise policy. We will give you a detailed professional fee quote before commencing the service.

    add a partner in llp