LLP Registration in Chennai

LLP Registration in CHENNAI , LLP is a limited liability partnership. They are similar to a corporation in terms of their ownership structure, but they operate differently than traditional companies. An LLP consists of a minimum number of partners who contribute capital for business purposes and share in the profits and losses associated with the partnership.

We offer LLP Registration – Chennai – Tamil Nady Service starting from Rs 5999 + GST

LLP Registration in Chennai is an online process Its a easy process choose the name that you want do LLP registration and provide partners details

For LLP Registration in Chennai

The LLP is a legal entity introduced in India in 2008. It is a partnership between two or more individuals who share profits and losses. An LLP has many benefits, including of limited liability partnership, tax benefits, and ease of formation.

Limited Liability Partnership is a trusted and visible business structure in India. LLP in India is registered under the LLP Act 2008.

To know the complete process of LLP Registration you refer to our page for Step by Step Guide

Can I Register LLP Myself?

You can absolutely register your LLP yourself! The process is relatively simple and straightforward and can be completed online in just a few steps. Plus, registering your LLP yourself can save you money on professional fees.

There are a few things to keep in mind when registering your LLP yourself.

• Make sure you have all the required for LLP registration, information, and documentation ready.

• You’ll need things like your business name, contact information, and proposed business activities.

• You’ll also need to choose a registered agent, which is a person or company that will receive legal documents on behalf of your LLP.

• Keep Your KYC Information such as PAN Card , Aadhar Card and Bank Statement ready.

Once you have everything gathered, you can begin the registration process online. Simply follow the instructions on the website and fill out the necessary forms. You’ll also need to pay the registration fee, which is typically around Rs 2000 .

After your LLP is registered, you’ll need to file an annual report with the state in which it’s registered. This report provides updates on your business activities and maintains your good standing with the state. Failure to file an annual report can result in your LLP being dissolved.

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How Much Does It Cost to Register an LLP in India?

The cost of registering an LLP in India is relatively low when compared to other business structures. The government has set a standard registration fee for all LLPs, which is currently Rs. 6999 + GST . This fee covers the cost of filing the necessary paperwork with the Registrar of Companies and is valid for five years. After the initial five-year period, you will need to renew your registration, which will cost an additional Rs. 2,500.

In addition to the government registration fee, you will also need to pay a professional fee to your chosen chartered accountant or company secretary. This fee can vary depending on the individual professional but typically ranges from Rs. 1,500 to Rs. 5,000.

All LLPs in India are registered with Ministry of Corporate affairs the respective government department 

Which Is Better Pvt Ltd or LLP?

LLP stands for the Limited Liability Partnership. It is an alternative to the traditional partnership form of business organisation. Entrepreneurs in India have used LLPs since the 1990s. The main advantage that these businesses offer their owners is limited liability. This means that the owner will be protected against personal debts and liabilities incurred while running the company.

LLPs are also known as Limited Liability partnership . Unlike partnerships, LLCs are incorporated under the Indian companies Limited Liability Partnership act of 2008. Under this law, all members of the corporation are jointly and severally liable for any debts or obligations arising from the business.

Designated partners are responsible for doing all acts, matters, and things that are required to be done for complying with the provisions of the LLP act.

Ministry of Corporate Affairs registers an LLP business under the Limited Liability Partnership Act, 2008.

Private Limited Companies differ significantly from other forms of corporate structure such as corporations and public limited companies. For example, LLP cannot issue stocks or bonds, whereas Private Limited Companies can

Furthermore, the maximum number of partners in an LLp is maximum of 200

The LLP registration in Chennai is an alternative corporate business forms that offers add-ons to partners at minimal compliance

What are the post-incorporation compliances for the LLPs?

Once you have done with LLP registration in Chennai, we also help the LLPs to manage the compliances of the LLPs.

Income Tax Return: LLPs registered in Chennai are required to file the ITR 5. Form ITR 5 can be with the expert support of Virtual auditor

MCA annual return: The LLPs are required to file the LLP form 11 due on the 30th of May each year, LLP form 11 contains all the details and the summary of the partners. Along with this form 8 is also to be filed within 30 days from the end of the 6 months of the respective financial year with the prescribed fees. Hence, LLP form 8 is filed before the 30th of October of each financial year.

We at Virtualauditor help people in obtaining LLP registration in Chennai, all you need to do is get in touch with our experts today or visit www.virtualauditor.in

OTHER SERVICES OF VIRTUAL AUDITOR IN CHENNAI

• Company Registration in Chennai
• GST REGISTRATION IN Chennai
• One Person Company Registration in Chennai
• Nidhi Company Registration In Chennai

How Much Capital Is Required to Start an LLP?

LLP stands for Limited Liability Partnership. This type of business entity allows its partners to share liability. If someone gets hurt while working at the company, the other members won’t be held responsible.

As you might expect, this means that you’ll need a lot of money to set up an LLP in Chennai. However, it’s possible to get started with just Rs 6,999 .

The best way to find out how much capital you will need is to do some research. Make sure to look into the various fees that you’ll need to pay when you open an LLP.

You can easily create an LLP Registration online. The process takes less than 7 working days with virtual auditor

Final Thought:

LLP registration in Chennai is a simple and efficient process, thanks to the city’s business-friendly environment. If you’re looking to start an LLP in Chennai, be sure to follow the steps outlined in this article to ensure a smooth and successful registration.