Declaration of accounts and insolvency.
Arranging of necessary annual returns forms and reports
Filling of tax return and auditing by a certified CA.
LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. LLP form 11, Form 8 & Income tax return are main compliances.Limited liability partnerships (LLPs) are required to meet fewer criteria for compliance on filing annual returns, in comparison to private limited companies. LLPs are required to provide information related to the statement of accounts, and returns, on an annual basis.
(1) It has a separate legal entity just like companies.
(2) An LLP can sue and be sued in its own name.
(3) The cost of forming an LLP is low.
(4) No requirement of minimum capital contribution.
(5) The liability of each partner is limited to the contribution made by the partner and they are not liable for any loss in the LLP.
(1) Self Compliances
(2) One time compliances
(3) Annual compliances
(4) Income tax return filling
(5) Maintaining records
(1) PAN Card
(2) Certificate of incorporation
(3) MOA-AOA Of private company
(4) Audit report and board report
(5) DSC of director
(6) Complete procedural actions
(7) Purchase a plan for expert assistance
(1) What is annual Filling LLP?
(2) Is the annual filling mandatory for all companies?
(3) Is audited financial statement mandatory annual filling?
(4) Which form gets filed for appointment of auditor?
