WHAT IS LLP FOR ANNUAL COMPLIANCES ?
Annual compliances for a Limited Liability Partnership (LLP) involve several key filings to maintain legal and financial transparency. LLPs must file the Annual Return (Form 11) within 60 days from the end of the financial year, detailing the partners and their contributions. Additionally, the Statement of Accounts and Solvency (Form 8) must be filed within 30 days from the end of six months of the financial year, reporting the financial position, income, and expenses of the LLP.
LLPs with an annual turnover above a certain threshold must also get their accounts audited by a qualified Chartered Accountant. Compliance with the LLP Agreement and maintaining proper books of accounts are essential. Non-compliance can lead to penalties and legal consequences, making it crucial for LLPs to adhere to these requirements to ensure smooth operations and credibility with stakeholders.
DOCUMENTS REQUIRED FOR LLP COMPLIANCE ANNUAL FILING
A CERTIFICATE OF COMPANY
A Certificate of Incorporation is an official document confirming a company's legal formation and registration with the government.
PAN CARD OF COMPANY
A PAN card of a company is a unique 10-digit alphanumeric identifier issued for tax purposes by the Income Tax Department.
AGREEMENT OF LLP
An LLP agreement is a legal document outlining the rights, duties, and obligations of partners in a Limited Liability Partnership.
FINANCIAL STATEMENT
A financial statement is a formal record of a company's financial activities, including balance sheets, income statements, and cash flow statements.
DSC OF ALL PARTNERS
A Digital Signature Certificate (DSC) for all partners authenticates and secures online document signing in compliance with legal and regulatory requirements.