Annual Compliance for LLPs
Limited Liability Partnerships (LLPs) are a preferred choice for many entrepreneurs due to their hybrid structure—combining the flexibility of a partnership with the legal protection of a company. However, while operationally simple, LLPs are still subject to certain mandatory annual compliances under the LLP Act, 2008, and the Ministry of Corporate Affairs (MCA).
At Apramada, based in Prayagraj, we specialize in managing the statutory compliance requirements for LLPs to ensure you stay legally compliant and penalty-free.
Why Annual Compliance is Mandatory for LLPs
Whether or not an LLP is actively conducting business or earning profits, it is legally obligated to file certain returns and maintain proper records annually. Non-compliance can lead to hefty fines, disqualification of partners, and even striking off of the LLP by the ROC.
Key Annual Compliances for LLPs
Here’s a breakdown of the essential filings and legal obligations every LLP must fulfill annually:
1. Form 11 – Annual Return
- Due Date: 30th May every year
- What It Includes: Details of partners and any changes in the LLP’s structure or management
- Applicability: Mandatory for all LLPs, regardless of turnover
2. Form 8 – Statement of Accounts & Solvency
- Due Date: 30th October every year
- What It Includes: Declaration of solvency, statement of assets & liabilities, and income & expenditure
- Applicability: Required even if the LLP has not conducted any business during the year
3. Income Tax Return Filing
- Due Date: 31st July (Non-Audited LLPs) / 31st October (Audited LLPs)
- Audit Requirement:
TAX AUDIT: If turnover exceeds ₹100 lakhs , tax audit is mandatory
STATUTORY AUDIT : Mandatory Audit If turnover exceeds ₹40 lakhs or contribution exceeds ₹25 lakhs, tax audit is mandatory required by all LLP s under The Limited Liability Partnership Act, 2008.
Additional Compliance (If Applicable)
DIR-3 KYC for designated partners
Changes in partners or agreement (via Form 3 or Form 4)
GST Returns, TDS filings, or MSME declarations if registered under these laws
Documents Required
- PAN and LLP Agreement
- Financial statements (income, expense, assets, liabilities)
- Details of partners
- Bank statements and invoices
- Digital Signature Certificates (DSC) of partners
Penalties for Non-Compliance
Failing to meet annual filing deadlines can attract the following penalties:
- ₹100 per day per form until the default continues
- Disqualification of partners for repeated non-compliance
- Legal notices and complications in obtaining loans or contracts
Why Choose Apramada?
Our team ensures your LLP’s compliance is timely, accurate, and worry-free. Here’s how we can help:
- Expert preparation and filing of Forms 11 and 8
- Assistance with financial reports, audits, and IT filings
- Proactive reminders for due dates
- Complete documentation and legal support
- Transparent and cost-effective service plans
Our Annual LLP Compliance Package Includes:
- Drafting and filing of Form 11 and Form 8
- Income Tax Return filing
- Basic financial statement preparation
- DSC and partner KYC assistance
- Compliance advisory and documentation support
Stay Compliant, Avoid Penalties
Ensure your LLP is always in good legal standing with the ROC and Income Tax Department. Contact Apramada, today for reliable and affordable annual compliance services tailored for LLPs.