Limited Liability Partnership

Instead of worrying about your company’s compliance, you’ll be able to rest easy knowing your business affairs are in the hands of proven professionals. They will take care of all the legal formalities, leaving you with lots of free time for other things.

HIGHLIGHTS

LLP Compliance

When it comes to your business’s LLP compliance, leave it in the hands of our expert professionals.

Instead of worrying about your company’s compliance, you’ll be able to rest easy knowing your business affairs are in the hands of proven professionals. They will take care of all the legal formalities, leaving you with lots of free time for other things.

Why You Register

Annual LLP Compliance

  • Account book preparation : An LLP account book is a statement of the company’s accounts and solvency. These documents are filed using Form 8.
  • Financial statements preparation : This section deals with general purpose financial statements. This usually consists of items like balance sheets, income records, documents detailing profit and loss, and cash-flow charts.
  • Independent statutory audits : A highly-qualified statutory auditor will and report the finances and accounts of an LLP to the Indian Government.
  • Filing of annual ROC returns : All LLP’s incorporated under the LLP act of 2008 must e-file LLP form 8 and 11 for financial statements with the Registrar of Companies (ROC).
  • Filing of income tax returns : LLP’s that are eligible for tax audits must file a tax return on or before September 30th of each year. Others can delay until July 31st.
  • Maintenance of statutory records : It is incumbent upon every LLP incorporated under the LLP act of 2008 to maintain an accurate record of the company’s finances in the form of statutory registers.

What are the key components of LLP annual compliance?

All LLP compliance requirements are specified under the Limited Liability Partnership Act of 2008. Below is a list of the more important rules governing annual LLP compliance:

  • Preparation of financial records :- All LLP’s incorporated under the LLP Act of 2008 must prepare a Statement of Account and Solvency by filing a Form 8.
  • Annual return :- According to Section 35 of the LLP Act, every LLP must file an annual return within 60 days prior to the close of the financial year. This is accomplished by filing Form 11.
  • Statutory audit by an independent auditor :- A statutory audit is mandatory for an LLP only if its annual turnover exceeds 40 lakh and/or its paid capital exceeds INR 25 lakh.
  • Income tax return and tax-filing audit :- Under the Income Tax guidelines, all LLP’s must file a tax return. If the LLP’s annual turnover rate exceeds 60 lakh, it will be eligible for a tax audit.

OUR PROCESS

  • 1

    Send the relevant information and documents to us via the mail

  • 2

    Choose a package and payment method and pay online

  • 3

    Upon completion of this process, you will be assigned to one of our expert professionals

  • 4

    He will prepare books of accounts and annual returns for the LLP

  • 5

    File ROC and income tax returns

  • 6

    And have all the compliance documents delivered to your door

Documents Required

Documents required for Limited Liability Partnership

Bank Statement

Bank statement

Digital Signature Certificate

Digital signature certificate

AVAILABLE PACKAGES

LLP Formation

5999
Includes all taxes

LLP Formation

Common Questions About Limited Liability Partnership

Answer

All LLP’s registered under the LLP Act of 2008 are required to file a form 8. The reason for filing Form 8 is to prepare the Statement of Account and Solvency, which informs us about earnings and other account liabilities the LLP has incurred.

Answer

According to section 35 of the LLP Act of 2008, every LLP must file Form 11. Form 11’s are used in the preparation of the annual tax return, which is then verified by the Rol (Registrar of LLP’s) within 60 days before the end of the financial year.

Answer

When the annual turnover rate exceeds ?1 crore during one financial year, a tax audit becomes mandatory.

Answer

Sure, e-file has an online platform that can be accessed from anywhere in India. So, no matter what part of the country you’re doing business in, you can connect with us. All you need is an internet connection, smart-phone, or computer.

Answer

No, it is not necessary for you to come to our office. Simply go online and access our e-file online platform and have the necessary documents and we can get you all hooked up.