Introduction of the LLP Annual Filing

Limited Liability Partnership is a type of business entity sharing features of a partnership firm and a company. LLP’s are regulated by the Registrar of Companies, Ministry of Corporate Affairs. LLP is a legal entity, separate from its partners and it has perpetual succession. Some of the major benefits and powers enjoyed by LLPs are the following: • Separate legal entity. • Buying, Selling and Holding of assets. • Powers to sue and be sued. • Powers to open bank account. In line with the powers, all LLPs are required to maintain compliance and file certain statutory filing with the Government each year. Limited Liability Partnerships have to get the books of account audited by practicing Chartered Accountants, especially whose turnover is more than INR 40 lakh or whose contribution has exceeded INR 25 lakh.

Documents Required for LLP Annual Filing

• Statement of Accounts • Disclosure under MSME (If Applicable)

Documents required for LLP yearly

1. Annual Return An LLP will have to file 2 types of MCA annual return each financial year, namely Form 8 & Form 11. Form 8 Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. Form 11 All LLPs should file this form within 60 days from the closure of the financial year with the prescribed fee. Hence, the due date for filing LLP Form 11 is 30th of May each year. 2. Financial Statements & Other Documents All LLPs registered in India are required to file statements each year. 3. Income Tax Returns Filings All LLPs registered in India are required to file income tax return each year, irrespective of revenue or profits.

How to Register for LLP Annual filings Online

With basic identity documents, you can register your LLP Annual filings. We help you LLP Annual filings in four simple steps. Step 1:-Fill the form and attach the scan copy of your documents. Step 2:- Our team will verify all the information and documents provided by you. Step 3:- Then we will start the process after verifying the authenticity of the documents. Step 4:- Once the process is completed, we will intimate you.

FAQ’s On LLP Annual Filing

Can an existing partnership firm be converted to LLP?

Yes, an existing partnership firm can be converted into LLP.  

Can an existing company be converted to LLP?

Yes, any existing private company or existing unlisted public company. can be converted into LLP.  

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