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Annual Filing for Limited Liability Partnership

Annual filing for Limited Liability Partnership (LLP) is a mandatory compliance requirement for every LLP registered in India. LLPs are required to file their annual return and statement of accounts with the Registrar of Companies (ROC) every year. The annual return contains details such as the LLP’s registered office address, the names and addresses of its partners, and the amount of contribution made by each partner. The statement of accounts includes the LLP’s balance sheet, profit and loss account, and cash flow statement.

The annual filing process for LLPs involves preparing the necessary financial statements, getting them audited by a qualified auditor, and submitting them to the ROC within the prescribed time frame. Failure to comply with the annual filing requirements can result in penalties and legal consequences for the LLP and its partners. At Munimji, we provide comprehensive services for annual filing of LLPs, ensuring timely compliance and avoiding penalties.

Choose us

Why Should You Choose Qualified Munim Group?

  • Expertise: With over 10 years of experience, Qualified Munim Group has a team of experts who provide a wide range of services to startups and businesses.
  • Cost-effective solutions: We offer our services at affordable rates to ensure that every entrepreneur and business owner can benefit from our expertise.
  • Timely service delivery: Our team ensures timely delivery of services without compromising on quality.
  • Client-centric approach: We prioritize our clients’ needs and requirements and offer personalized solutions to cater to their unique business needs.
  • Simplified processes: We strive to simplify complex processes such as taxation, compliance, and registration to make it easier for our clients to focus on their core business activities.
  • Technology-driven solutions: We leverage technology to provide efficient and innovative solutions to our clients, ensuring that they stay ahead in the competition.
  • Trusted partner: Our clients trust us as their partner in growth, and we ensure that we provide them with the best possible support and guidance to achieve their business goals.
  • Dedicated Relationship Manager and On-call Support
  • Avail exclusive partner offers on web hosting, payment gateways, etc.
the process

Process of Annual Filing for Limited Liability Partnership

Step 1

  • Obtain the LLP's financial statements and prepare the necessary documents for filing.

Step 2

  • Conduct an audit of the LLP's financial statements and file the necessary forms with the Registrar of Companies (ROC).

Step 3

  • Submit the LLP's income tax return (ITR) and the auditor's report to the Income Tax Department.

Step 4

  • Obtain the LLP's tax audit report and file the necessary forms with the ROC.

Step 5

  • File the LLP's annual return with the ROC and pay the necessary fees.
DOCUMENTS CHECKLIST

Documents Required for Annual Filing for Limited Liability Partnership

01

Account Statement

Balance sheet and Profit and Loss account

02

Income Tax Return

Copy of ITR filed for the financial year

03

LLP Agreement

Copy of the Limited Liability Partnership Agreement

04

Auditor's Report

Auditor’s report and details of the auditor

05

Copy of Annual General Meeting (AGM) notice

Copy of Annual General Meeting (AGM) notice: If the AGM was held

06

Copy of Annual Return filed with ROC

Copy of Annual Return filed with ROC: Copy of annual return filed with ROC

Benefits

Benefits of Annual Filing for Limited Liability Partnership

Legal compliance

Annual filing ensures that the LLP is compliant with legal requirements and avoids penalties and fines.

Transparency

The annual filing process requires the LLP to disclose its financial and other important information, which increases transparency and accountability.

Better Creditworthiness

Regular filing of financial statements and other disclosures enhances the LLP's creditworthiness, which may help in obtaining loans and financing.

Improved Decision Making

The information disclosed in the annual filings provides valuable insights into the LLP's financial health and helps the management make informed decisions.