How Much Does It Cost to Register an LLP in Chennai?

Starting a business is an exciting venture, but it also involves many decisions and responsibilities. Choosing the proper business structure is among the critical decisions a company has to make. Among the many choices open, Limited LLPs have become famous in India, especially in places like Chennai. This piece will cover the costs involved with registering an LLP in Chennai, therefore giving you a clear financial goal going forward on your business path.

Understanding LLP
Combining the benefits of both partnerships and companies, a limited liability partnership is a mixed company form. It lets partners have limited responsibilities, therefore protecting their assets from company debt and obligations. An LLP’s main traits are:

Partners of an LLP are not individually responsible for LLP debt.
An LLP is a separate legal body from its members, therefore allowing it to hold property, perform contracts, and sue or be sued in its name.
LLPs let partners choose how the company will be run, therefore allowing freedom in management and operations.