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LLP Registration in Madurai & Karur

We Corpstore is one of the prestigious company offering Limited Liability Partnership registration in Madurai and Karur. We first understand our client’s requirements and provide guidance according to it. LLP Registration in Madurai is an alternative business form that provides the benefits of limited liability as present in a company and the flexibility of a partnership business. In other words, it offers advantages of both worlds by bringing simplicity in management similar to partnership firms and scope of expansion like that of a company. The biggest advantage of LLP over a private Limited Company is that there is less compliance requirement in comparison to a Company.

Moreover, LLP is governed by the limited liability partnership act, 2008. The minimum number of partners to incorporate an LLP is 2. There is no limit on the maximum number of partners of LLP. Among the partners, there should be minimum two designated partners who should be individuals, and at least one of them should be resident in India. The rights and duties of designated partners are overseen by the LLP agreement.

LLP Registration in Madurai

Requirement to Register a LLP

Minimum Two Person

A Limited Liability Partnership can be registered in India with at least two persons, who shall act as the designated partners of the LLP. There is no limit on the maximum number of partners in an LLP form of business.

Resident Partner

One of the designated partner of LLP should be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship.

Name selection

There is no maximum limit on the capital investment in the LLP. However, the minimum capital cannot be less than Rs. 10,000/-

Unique Name of LLP

The proposed name of an LLP should not resemble to any existing company or LLP Name. Further you should also check the trademark registry to ensure that the name does not match with any registered or trademark applied.

Documents Required for LLP Registration

  • Passport size photographs of each partner
  • Pan card of each partner
  • Identity proof such as voter id / driving license/ passport
  • Address proof such as bank statement / electricity, mobile, telephone bill
  • Proof of registered office
  • Utility bill as proof of registered address
  • Now from the owner of the premises

FAQ'S

  • Q. Is LLP agreement required to be registered?
    LLP Agreement should be compulsorily filed with the registrar in e-Form 3 within 30 days of incorporation of LLP.
  • Q. How do I register my LLP Company?
    Process of Registration as LLP
    • Step 1: Obtain DSC.
    • Step 2: Apply for DIN.
    • Step 3: Name Approval.
    • Step 4: Incorporation of LLP.
    • Step 5: File LLP Agreement.
  • Q. What is LLP name?
    LLP Name is the name by which a LLP registered is being identified. Generally, name of the LLP represents its Trade Name or Brand Name along with its main activities.
  • Q. Who can be partners in LLP?
    An individual or a corporate body can become a partner in LLP. An LLP must have at least two individuals as the Designated Partners. At least one of the Designated Partners must be a resident in India.