LLP Registration in Chennai

We Solubilis offers LLP Registration in Chennai at most affordable and steadfast way to the customers. Limited liability partnership registration act 2008 is another form of corporate structure in India and having different corporate structure and features of Pvt Ltd company and partnership firm. Limited liability is having certain advantages like unlimited number of partners, need not to file annual returns etc. The normal partnership firm registrations are having unlimited liabilities but in case of partners of an LLP are having limited responsibilities. Thus selecting the firm as LLP corporate business is advisable and under guidance.

Features of Limited Liability Partnership

The cost of the registration of an LLP is comparatively lesser when compared with other companies.

If the partners withdraw the profit of the company then there is no need to pay the DDT

It is easy to transfer the ownership of the limited liability partnership to other person.

Partners are not liable to charge by the constitution in the name of an LLP.

There is no need to maintain the statutory records except books of accounts

LLP can be started at any minimal amount of capital income, there are no limits.

FAQ'S

  • How many designated partners are required in an LLP?

    In an LLP there must be 2 designated partners according to the Section 7 (1) of the LLP Act, 2008.

  • Which form is used to find out the name availability letter?

    For seeking the name availability letter, Form 1 is required to file under the LLP Rule 18(5) of 2009.

  • How long it takes to complete the registration process of an LLP?

    Regarding the Rule 12(1) of the LLP Act, 2008 the time takes for completing the registration of an LLP is 14 days.

  • How much stamp duty is applicable in an LLP Agreement?

    The stamp duty under the respective state stamp Act is applicable for the partnership agreement is payable on the basis of contribution.

  • How long it takes to approve a name in an LLP?

    The time takes to approve a name in an LLP is 7 days from the date of document and payment submission. This is based on the Rule 18(5) of the LLP Act, 2009.