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What are LLP Annual Return Filing?

All you need to know
LLP annual return filing is a mandatory process that ensures a Limited Liability Partnership complies with legal requirements. It includes submitting LLP annual compliances, such as financial statements and returns, to the Registrar of Companies (ROC) every year. The key annual filing forms for LLP are Form 8 for Statement of Accounts and Solvency and Form 11 for Annual Return. These forms help maintain transparency and legal standing. Even if an LLP has no business transactions, LLP annual filing must still be completed on time to avoid penalties. Proper filing ensures that the LLP remains compliant and avoids legal issues.

Consequences/Penalties of LLP Non Compliance
In case an LLP fails to file annual compliances, there are several consequences of it. Below are some points which LLP needs to know;

  • Heavy penalties: LLPs that miss the due date for filing Form 11 or Form 8 are liable to pay ₹100 per day per form, with no maximum limit. This can result in substantial penalties if delayed over months or years.
  • Legal actions against LLP and partners: The government may initiate legal proceedings for continued default, which can lead to court cases and reputational damage.
  • Disqualification of partners: Designated partners may be disqualified from holding similar positions in other companies or LLPs due to persistent non-compliance.
  • LLP may be struck off: The registrar of companies may strike off the LLP from its register, effectively dissolving the business entity.
  • Difficulties in Business operations and loan approvals: Non-compliance can negatively impact creditworthiness, making it hard to secure funding, loans, or continue smooth business operations.

Why MR TAX EXPERTS ?
mrcleartax.com is a leading business platform providing comprehensive corporate legal services, including company incorporation, compliance, advisory, and management consultancy, both in India and internationally. The platform offers fast, easy, and affordable LLP Registration online, ITR filing, Strike off LLP, and trademark registration, Import Export Code Registration, You can contact with compliance manager at 7996499599 or email info@mrcleartax.com.

LLP Annual Filing Fees

ESSENTIAL

₹ 1999/-

(All Inclusive)

  • Form 11 Filing
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ENHANCED

₹ 2599/-

(All Inclusive)

  • Form 8 Filing
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ULTIMATE

₹ 3999/-

(All Inclusive)

  • Form 11 Filing
  • Form 8 Filing
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