Chennai's strategic geographical location on the East coast acts as a gateway to the growing markets of South India. Situated as a key transportation hub, the city enjoys excellent connectivity via air, road, and rail networks. This advantageous positioning enables convenient access to potential clientele, suppliers, and business associates across the southern states of Tamil Nadu, Kerala, Andhra Pradesh, Telangana, and Karnataka. Such accessibility is pivotal for enterprises seeking to extend their reach and tap into the vast consumer base within the region.
What Are the Benefits of Limited Liability Partnership Registration in Chennai?
Following are the merits of Limited Liability Partnership registration in Chennai:
- Solid legal framework: Chennai has a well-established legal framework for LLP registration, providing clarity and guidance for businesses.
- Skilled workforce: Chennai is home to a diverse and skilled workforce across various sectors, making it easier to find qualified professionals to manage and grow your LLP.
- Excellent connectivity: Chennai boasts excellent connectivity with airports, railways, and road networks, allowing for easy accessibility for domestic and international stakeholders.
- Access to markets: Chennai's strategic location provides access to diverse markets, opening up possibilities for expansion and growth.
Basic Eligibility Criteria for Limited Liability Partnership Registration in Chennai
The following are the essential eligibility criteria for registering an LLP in Chennai:
Minimum number of Partners
For an LLP to be registered in Chennai, a certain number i.e., a minimum of two partners are needed.
- LLPs are formed under the provisions of the LLP Act, 2008.
Name of the entity must be distinct and not the same as any brand or company that already exists
An LLP needs to have a distinct name to register and run its business without confusion with existing names and registered trademarks.
An agreement to lay down the necessary formalities and clauses is also required. It is mandatory to file an LLP agreement in Form 3 online on MCA Portal within 30 days of registration.
One of the Partners must be an Indian citizen
An LLP must have at least one Indian national among its partners.
An LLP requires that all of its partners get a Designated Partner Identification Number (DPIN).
All of the LLP's partners must obtain digital signature certificates, which makes it easier to store documents and signatures electronically and digitally.
Documents Required for Limited Liability Partnership Registration in Chennai
For registering an LLP in Chennai, the following documents are must:
Documents required from the Partners:
- PAN Card or ID Proof
- Address Proof
- Residence Proof
- Passport (for Foreign Nationals and NRIs)
Documents required from LLP:
- Proof of Registered Office Address
- Digital Signature Certificate
What is the Procedure for Limited Liability Partnership Registration in Chennai?
For registering an LLP in Chennai, the following steps must be followed:
Making an Application for LLP registration
An application i.e. FiLLiP (Form for registration of Limited Liability Partnership) must be submitted by partners to the concerned Registrar having jurisdiction over Chennai for the LLP to be registered.
The partners must submit an application for a digital signature certificate in the next stage. This certificate will enable the LLP's partners to sign papers both electronically and digitally. The partners must then obtain a unique identification number for the partnership. All partners in the partnership must have DPINs. You can do this by submitting form DIR-3.
Verification of Partnership Name
The LLP RUN form can be used to verify the name of the partnership. Once the partnership's name has been reserved, it can be used for 90 days. The name will no longer be reserved after this time frame. Any provisions of current trademark or copyright laws must not be violated by the name as also it must not be objectionable in addition.
All of the partners must submit the necessary documentation for the partnership to the RoC after the name has been reserved. These papers would consist of registration papers as well as passports and other forms of personal identity like PAN cards and Aadhaar cards.
The LLP agreement must be carefully drafted. The limited liability partnership's partners' obligations and liabilities will be outlined in this agreement. Any partner or person who wants to register a limited liability partnership will need particular guidance while preparing the contract. Using professional services from StartupFino would be appropriate for preparing your LLP agreement. The LLP agreement must be filed with the ROC or through the MCA site within 30 days after being drafted. Form 3 must be used to accomplish this.
Obtaining the Certificate of Incorporation
The RoC will then check and verify the application after it is submitted with all required documentation before issuing the Certificate of Incorporation as the final step.
Why Choose StartupFino for Limited Liability Partnership Registration in Chennai?
StartupFino is a company that specialises in offering complete services for Limited Liability Partnership registration in Chennai. We can help you with everything from providing advice in the initial phase to ensuring that you meet all the necessary requirements and keeping your LLP in good legal standing.