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Limited Liability Partnership Compliance

Annual Compliances for a Limited Liability Partnership (LLP)

An LLP is required to be registered under the Limited Liability Partnership Act, 2008. LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.

Components of annual compliance of LLP

  • Statement of Account & Solvency Filings:
  • Filing of Annual Returns
  • Filing of Income Tax Returns

Consequence of non-compliances

Relating to MCA Filings:

As per the Limited Liability Partnership Act, 2008 filing of Form 8 and Form 11 is a mandatory requirement for every registered LLP. Non-compliance with the LLP annual compliance leads to a penalty

Relating to Income Tax Filings:

There is a penalty non-submission of Income Tax returns.

 

How can SattvaCFO help in annual compliances of LLP in India?

SattvaCFO has years of experience in annual compliances of LLP. All you need to do is call us or email us (info@SattvaCFO.com) for hassle-free LLP compliances in India.