LLP Annual Filing Service

Limited Liability Partnerships (LLPs) in India are required to comply with the statutory filing requirements annually. These filings are crucial for maintaining legal compliance and ensuring the smooth functioning of the LLP. The annual filing consists primarily of three key components: the Annual Return, the Statement of Account and Solvency, and the Income Tax Return. Each of these filings serves a distinct purpose and has specific deadlines and requirements.

1. LLP Annual Return

The Annual Return (Form 11) is a yearly statement of the LLP’s basic details, such as the number of partners. It must be filed within 60 days from the closure of the financial year, i.e., by May 30th each year. This form captures information like the total obligation of contribution, details of LLP and its partners, and changes, if any, in the structure of the firm during the year. Timely filing is crucial to avoid penalties and maintain compliance.

2. Statement of Account & Solvency

The Statement of Account and Solvency (Form 8) is a declaration of the financial position of the LLP and must be filed annually with the Registrar. It includes the company’s assets, liabilities, income, and expenses, along with the statement affirming the solvency of the LLP by its designated partners. This form needs to be filed within 30 days from the end of six months of the financial year, i.e., by October 30th.

3. Income Tax Return

Filing the Income Tax Return is mandatory for all LLPs, irrespective of their income, profit, or loss. The due date is generally July 31st for non-audit cases and September 30th for audit cases. This filing ensures that the LLP’s financial transactions are properly accounted for and that there is transparency in its dealings.

Importance of Annual Filing

Non-compliance with LLP annual filing obligations can lead to hefty penalties and legal consequences. Moreover, maintaining up-to-date records through these filings enhances the credibility and financial reliability of your LLP, which can be crucial for securing loans, investments, and partnerships.

How We Help

Our LLP Annual Filing Service covers every aspect of the process, from preparing the necessary documents and forms to ensuring timely submission with the relevant authorities. Our team of professionals stays up to date with the latest legal requirements to provide accurate and efficient service.

• Document Preparation: We assist in preparing financial statements and necessary documents accurately.
• Compliance Review: Our experts ensure that all statutory compliance requirements are met without any discrepancies.
• Timely Submissions: We manage deadlines efficiently, ensuring that all filings are submitted on time to avoid penalties.

Choosing our service means choosing peace of mind, knowing that your LLP complies with all statutory obligations without stress. Focus on growing your business while we handle your filings with precision and expertise.