Limited Liability Partnership (LLP) Registration in Chennai - தமிழில்
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Limited Liability Partnership (LLP Registration in Chennai)
For a long time, a need has been felt to provide for a business format that would combine the flexibility of a partnership and the advantages of limited liability of a company with a less legal compliance. The Limited Liability Partnership format is an alternative corporate business vehicle that provides the benefits of limited liability of a company but allows its members the flexibility of organizing their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm.
What is a LLP?
A law to allow "Limited Liability Partnership" (LLP) in India has been enacted by the Parliament of India in the year of 2008. The Act was named as Limited Liability Partnership (LLP) Act of 2008.
Suitable for whom
This format would be quite useful for small and medium enterprises in general and for the enterprises in the services sector in particular. Internationally, LLPs are the preferred vehicle of business particularly for service industry or for activities involving professionals.
Advantages of LLP
Renowned form of business: Though the concept of Limited Liability Partnership has been recently introduced in India but it is very known concept in other countries of the world especially in service sector.
Flexible to operate: LLP Act 2008 gives LLP the at most freedom to manage its own affairs. Partner can decide the way they want to run and manage the LLP, in form of LLP Agreement. The LLP Act does not regulated the LLP to large extent rather than allows partners the liberty to manage it as per their will.
No minimum capital requirement: LLP can be started with the minimum amount of capital money. Capital may be in the form of tangible, movable asset like Land, machinery or intangible form. Capital requirement in the case of a Private company( Requirements for Registration of a Private Company) and Public Company(Requirements for registration of a Public Company) is Rs. 1, 00,000 and Rs. 5,00,000 respectively whereas no such mandatory capital requirement specified under the LLP.
No limit on owners of business: LLP may have partners varying from 2 to many. There is no limit for partners in LLP. An LLP requires a minimum 2 partners while there is no limit on the maximum number of partners in contrast to a private company wherein there is a restriction of not having more than 200 members.
No requirement of compulsory Audit: LLPs are not required to audit the accounts. Any other company (Public, Private) are mandated to get their accounts audited by the auditing firm. LLP is required to audit their account in the following situation:When the contributions of the LLP exceeds Rs. 25 Lakhs, or When annual turnover of the LLP exceeds Rs. 40 Lakhs
Limited liability protects the member’s personal assets from the liabilities of the business. LLP’s are a separate legal entity to the members.
Minimum requirement
The minimum number of partners to incorporate an LLP is 2. Among the partners, there should be minimum two designated partners who shall be individuals, and at least one of them should be resident in India. Unlike Private Limited, there is no minimum authorised capital requirement for a LLP. The company should hold a Office space within India territory.
Documents required:
Aadhar card for all the partners
PAN Card of all the parties
Passport size photo of all the parties
Last two months bank statement
Rental deed for office space
EB receipt of the office premises
Registration process
Step 1: Obtaining DSC And DPIN
Step 2: Application For Name Approval
Step 3: LLP Agreement
Step 4: LLP Incorporation Certificate
Step 5: Apply For PAN & TAN & Bank Account
Пікірлер: 50
1. Proof details ( photo , adhar, bank account statement ) and office space needed 2. Digital signature - little costly 3. Generate DPIN - for designated partners 4. LLP name approval 5. Incorporation 6. Within 30days submit to ROC
Crystal clear explanation
Thanks sir..... Clear explanation
Sir, could u plzz explain about corporate indentity number (CIN) ... All videos are in hindi ...none of the tamil video explains about it
thank you
Super sir
Sir pls make the process for how to apply pattern and what are the documents need
Can U Please Explain About Holding company And Subsidiary Company
Bro tell me some informative books about this type of legal knowledge pls
Hello Sir, How to apply DPIN sir...
Sir 3 partners individual ah 3 digital signature vachurukanuma illa company ku nu one digital signature podhuma ?
LLP la irundhu pvt Ltd mathikalama future la
Bro. I have one doubt. Can a person be a designated partner in 2 LLP's?
super boss. kalakkureenga. can u please share an example real business in step by step process? thx
@LeIntelligensia
2 жыл бұрын
Sure bro... Already made a video... Will publish it shortly
Sir can i Register a initial LLP Agreement with district register And - If i will register a LLP Agreement with district register only (not in ROC) it's valid for get a Full benefits with LLP
Plz make vedio Different between partner & working partner in Pvt ltd company. Working partner Conditions , responsible, Powers , what qualities needs..?
@LeIntelligensia
3 жыл бұрын
Sure Bro, will make it...
How to investigation LLP Company...
Sir neenga partnership deed register panni tharuveenglaaa.. not at LLP...I'm in Nilgiris
@LeIntelligensia
Жыл бұрын
Yes bro, please contact 9941993399
Hi sir i am trading in derivative market in share market, i need to open a company account for trading and investing purpose, can i open llp company for trading or else pvt ltp is best.?
@LeIntelligensia
2 жыл бұрын
Yes bro... Possible... You can open LLP
@thinkagain2145
2 жыл бұрын
@@LeIntelligensia sir is nbfc license req to open llp company bcz sole income from only trading and investment activity.
Recommend me some books on this topic bro
@vinothkumarnarayanan2835
3 жыл бұрын
kzread.info/dash/bejne/nKuJxbGmc9a5cdI.html
What kind of registration need for online education website sir please tell me
@LeIntelligensia
3 жыл бұрын
Just Company Registration and trademark registration is enough
@Sarin.ishere
Жыл бұрын
@@LeIntelligensia means? Can u please elaborate? Does this kind of online business need an office room for LLP registration? And wat is trademark registration?
Bro what is corporation and inc.
@CometFire2010
3 жыл бұрын
Both concept for America only
Sir,How to start finance company in Tamil Nadu
@LeIntelligensia
3 жыл бұрын
Hi bro, It depends upon the activites that you are going to carryout
@notonlygood6988
3 жыл бұрын
Thank u sir🙏
Can a Proprietary company be converted to Private Limited?
@LeIntelligensia
3 жыл бұрын
Not possible.. A new private limited company can be formed and all the credits ans machines can be acquired by the new private limited company
@donald8727
3 жыл бұрын
In today’s budget FM said OPC can be converted into any form, what does it mean?
Sir Can I Joint my son aged 10 years as a designated partner in LLP company
@samebinezer8491
2 жыл бұрын
no.....
@A7dr
2 жыл бұрын
Minor cannot be a partner
Sir mca la irukara 50 forms um expalin pannunga sir
@LeIntelligensia
3 жыл бұрын
Sure bro... It will be a very big video.. will try to take it in parts a s publish it asap. Thanks a lot for your suggestion bro..
Total cost for llp registration?
@LeIntelligensia
2 жыл бұрын
Please provide your number bro. Or else, you can call 9941993399, we shall provide you a detailed quote
Registration fees yevalo aagum...?
@LeIntelligensia
10 ай бұрын
Hi bro, plz call 9941993399
@smileygirl7511
10 ай бұрын
@@LeIntelligensia Ila anna appa ketanga ipo pannala
@smileygirl7511
10 ай бұрын
@@LeIntelligensia Company draft nah enna? Athu yepo varum... Registration start panrathukku munadiyea varum thana?
@LeIntelligensia
10 ай бұрын
@@smileygirl7511 There is nothing called company draft. I am unable to understand what you are referring to. Plz call 9941993399