What Process for Limited Liability Partnership Registration in Chennai?


What Process for Limited Liability Partnership Registration in Chennai?

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A registered LLP is a more secure business structure that offers a better legal protection for the partners. Moreover, the partners' liabilities are limited to their capital contributions and can be offset by other assets of the firm. The registration process is simple and requires minimal documents. Additionally, a registered LLP is easy to raise funds and enjoy tax benefits.

To overcome the limitations of a partnership firm, it is suggested to convert it into a Limited Liability Partnership LLP. The LLP structure offers numerous benefits like unlimited partners, separate legal entities, etc. Hence, it is driving people to convert their existing partnership firms into LLPs.

In order to convert a partnership firm into an LLP, the following documents must be submitted to the Registrar of Firms. Certified original copy of the partnership deed. To do so, they need to follow the legal procedures set out by the Ministry of Corporate Affairs.  Affidavit certifying that all details mentioned in the deed are correct. Proof of address of the registered office (ownership documents/rental/lease agreement). PAN Card of the partners and the firm. Passport size photos of the partners. Electricity/Water Bill of the registered place of business.

Moreover, it is mandatory to file the LLP income tax return every year. At FilingPoint, we provide a complete LLP annual filing service at a very affordable price point. Additionally, we also take care of LLP compliances like e-verification and e-account maintenance.

 

Tel:+917299972500

info@filingpoint.com

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