Annual Filing for LLP (Limited Liability Partnership) | File Form-11 & Form-8
If you are looking to file your Limited Liability Partnership’s annual filing, our expert legal consultants will help you through our lightning fast process. Every Limited Liability Partnership is required to file their annual returns every year before the given deadline. JustStart helps you file your LLP’s annual returns before the deadline to help you run your business smoothly.
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OVERVIEW
Annual Compliance for LLP Company
Limited Liability Partnership (LLP) is a unique form of company which can have minimum 2 partners, and can go on to have unlimited partners as there is no maximum limit for the number of partners. Every LLP is required by the ROC to file the annual returns within 60 days from the end of the financial year. For a Limited Liability Partnership, the financial year begins on the 1st April and ends on the 31st of March.
JustStart’s exceptional team of legal experts offers you a quick and hassle-free annual filing process with a minimal service fee. Through our annual returns filing service, we ensure that your Limited Liability Partnership’s annual returns are filed on time without any scope of errors.
Forms Required
Forms Required for LLP Company Annual Filing
To complete annual filings for a Limited Liability Partnership (LLP) with the Registrar of Companies (ROC), several forms must be submitted. These forms are the first step in your annual compliance process.
Our legal experts at JustStart will guide you through every stage and ensure accurate filing of the following forms:
Form 11 (Annual Return)
This form details the capital contributions made by each partner throughout the financial year. Our team ensures that Form 11 is prepared and submitted before the statutory deadline of May 30th each year, making compliance hassle-free for you.
Form 8 (Statement of Account & Solvency)
Known as the Statement of Account & Solvency, this form requires comprehensive information on the LLP’s financial transactions for the year. Our legal experts at JustStart streamline the process, helping you complete and file Form 8 well before the deadline of October 30th each year.
Compliance Calendar
LLP Annual Compliance Calendar
To have a clear image of the annual compliance for LLP, it is important to have knowledge of the complete filing timeline and the interconnected deadlines for the financial year.
The Financial Year Structure: LLPs usually follow an April 1st to March 31st financial year, but newly formed partnerships are treated differently according to the law. If an LLP gets registered after September 30, then it can have its first financial year ending on March 31 of the next year. This means that the LLP would have up to 18 months in total for the preparation of its first financial statements.
Complete Filing Timeline
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Deadline for filing Form 11 (annual return) - to be submitted within 60 days post the end of the financial year. |
Deadline for Form 8 (statement of accounts and solvency) - to be submitted within 30 days after the completion of the first half of the financial year. |
(if audit required) For LLPs undergoing audit, tax returns must be submitted by this date if audited accounts are necessary. |
Deadline for tax return filing for the remaining eligible LLPs using normal provisions.
Missing any of these deadlines triggers penalties and can affect the LLP's regulatory standing. Understanding this calendar helps partners plan their compliance activities well in advance.
Documents Required
Documentation Required for LLP Annual Filing
The full and correct documentation is the only thing that will make the LLP annual filing a success. It is a good practice to gather all these documents before you start the filing process, as this will facilitate submitting the documents and minimise the chance of rejection or incurring penalties.
Documents for Form 11 Filing
- Certificate of Incorporation: Original certificate or certified copy proving the LLP's legal existence
- LLP Agreement: Original agreement and any amendments made during the financial year
- PAN Certificate: Permanent Account Number assigned to the LLP
- Digital Signature Certificates (DSCs): Valid DSCs of all designated partners are required for digital signing
- Partner Details: Complete information, including names, addresses, DINs (Director Identification Numbers) if applicable, and PAN numbers
- Financial Statements: Profit and loss statements and balance sheets prepared as per accounting standards
- Proof of Registered Office: Recent utility bills, property documents, or rent receipts confirming the registered office address.
- Other Corporate Positions: Documentary evidence, if any partner holds positions in other companies or LLPs
Documents for Form 8 Filing
- Audited Financial Statements (if required): Audit reports and accounts made by certified auditors
- Balance Sheet: Comprehensive report of assets and liabilities as of the last day of March
- Profit and Loss Account: All revenues and expenses statement for the year
- Bank Statements: Total statements for all bank accounts active throughout the year
- MSME Declaration: Statement according to the MSME Development Act, 2006, if relevant
- Digital Signature Certificates: DSCs of the leading partners and the auditor's professionals
- Supporting Invoices: Complete set of invoices, both sales and purchases, for the whole financial year
- Contingent Liabilities Statement: Statement of all contingent liabilities that are not accounted for
Procedure
LLP Annual Filing Process in India
The understanding of the practical steps that accompany the LLP annual return filing enables the partners and the LLP managers to navigate through the process efficiently. Below is a full, detailed guide:
Step 1: Collect and Sort Financial Documents
Start by obtaining all the financial records of the last financial year, such as bank statements, invoices (both sales and purchases), expense receipts, payroll records, and any other support documents. Sort these materials by category and in sequence of dates so that preparing financial statements correctly will be easy.
Step 2: Financial Statements Preparation
Once all documents are in order, create the LLP’s balance sheet and profit and loss account in accordance with the applicable accounting standards. The preparation of these documents is the basis for the filing of Form 8. Once accuracy is ensured, any inaccuracies in these statements will affect compliance with regulations and lead the ROC to action.
Step 3: Arrange for Audit (if applicable)
In the case the LLP’s turnover is more than ₹40 lakh or the contribution obligation is more than ₹25 lakh, a chartered accountant is to be hired for the annual audit by the LLP. The auditor will confirm the financial statements and submit an audit report, which is required for the filing of Form 8.
Step 4: Access the MCA Portal
Go to the Ministry of Corporate Affairs official website (mca.gov.in) and log in using the credentials registered for the LLP. Check if the Digital Signature Certificates (DSCs) are ready and working before you begin the filing.
Step 5: File Form 11 (Annual Return)
- Pick the "LLP e-Filing" option and select "Form 11"
- Provide the LLP's Identification Number (LLPIN) to obtain basic information automatically
- Complete detailed partner information, such as names, contributions, and position changes, if any
- Attach the necessary documents to prove that partners are also holding any other corporate positions
- Use the partner's DSC who is authorized to digitally sign the form
- Check all the data entered for correctness prior to submission
- Make the required payment for filing
- File the form not later than the deadline of May 30th to avoid late fees.
Step 6: File Form 8 (Statement of Accounts and Solvency)
- Go to "Form 8 - Statement of Account & Solvency" under the electronic filing
- Provide the LLP's financial data, such as assets, liabilities, income, and expenditures
- State the LLP's solvency position, verifying its capacity to fulfil the financial duties
- Include financial statements and audit reports (if any) as supporting documents
- Disclosures required by MSME are to be submitted if the LLP falls under the category of micro, small, or medium enterprises
- Get digital signatures from the two approved partners
- In case, get the certification from a Chartered Accountant, Company Secretary, or Cost Accountant
- Check all financial details for correctness
- File the form by the deadline of October 30th.
Step 7: Maintain Records and Monitor Submission Status
Among your post-filing tasks is the retention of copies of all the documents and receipts that were filed. Keep an eye on the MCA portal to make sure that the processing was successful and look out for any correspondence that needs more information or clarification.
Penalties & Late Filing
Penalties for Non-Compliance and Late Filing of LLP
The insistence to comply with the regulation on time is provoked by the awareness of the possible consequences of not filing or filing late. The regulatory body has set strict penalties for non-compliance with the annual filing duty of LLP.
Penalties for late filing of Form 11 and Form 8:
- A penalty of ₹100 for each day will be charged from the due date to the date of filing
- There is no limit on the total penalty amount, which makes prolonged delays very expensive
- The penalty is counted on a daily basis, which means if you delay for six months, your penalty will be more than ₹18,000
Besides, there are more consequences:
Fines from Money: The penalties charged daily are not the only ones; the LLP can also be fined amounts ranging from ₹25,000 to ₹5,00,000 for non-compliance with the annual return provisions
- Fines for Partners: the designated partners may be subjected to individual fines of ₹10,000 to ₹1,00,000
- Deregistration Threat: the ROC may strike off the LLP from its registers, thus dissolving the partnership, if returns are not filed for two consecutive years or more
- Disqualification of Partners: Being struck off may prevent partners from holding positions in other companies or LLPs
- Legal Issues: partners may be sued for breaching the LLP Act, 2008
These heavy penalties highlight the necessity of timely and accurate compliance as a matter of huge importance.
Why Choose JustStart?
Why Choose JustStart for LLP Annual Compliance
JustStart specializes in comprehensive compliance solutions for LLPs, transforming a potentially complicated process into a streamlined, stress-free experience.
Complete Compliance Management
JustStart handles the entire annual compliance process from start to finish. The expert team reviews all financial documents, ensures accuracy, and manages the complete filing process.
Timely Deadline Management
Missing filing deadlines remains one of the most common compliance mistakes. JustStart maintains a robust tracking system monitoring all important dates and deadlines.
Expert Guidance and Support
The professionals at JustStart possess deep expertise in LLP compliance requirements. They guide clients through complex scenarios, clarify regulatory requirements, answer questions about documentation, and provide strategic advice on compliance planning.
Accurate Form Preparation and Filing
With extensive experience in LLP annual filing, JustStart ensures all forms are completed with precise accuracy. The team verifies information consistency across forms, confirms all required signatures are in place, and attaches proper supporting documentation before submission.
Cost-Effective Solutions
JustStart offers transparent, competitive pricing with no hidden charges. Clients receive clear upfront quotations and understand exactly what they're paying for, eliminating financial surprises.
Digital Signature Management
Managing Digital Signature Certificates can be complex for business owners unfamiliar with technology. JustStart assists with DSC-related questions, guides clients through the digital signing process, and ensures all signatures meet regulatory standards.
Record Maintenance and Documentation
Beyond filing, JustStart maintains comprehensive records of all submissions, acknowledgements, and correspondence with the ROC. This documentation proves invaluable for future compliance activities and provides a clear audit trail.
Locations
Annual Filing for LLP in Other States and Cities
FAQs
LET'S CLEAR ALL THE DOUBTS!
Yes, all Limited Liability Partnerships (LLPs) are required to file annual returns and financial statements with the Registrar of Companies (ROC), irrespective of whether the LLP was active or inactive during the year. For more information, you can consult our experts.
Failure to file annual returns can lead to significant consequences, including penalties, legal liabilities, and potential disqualification of the LLP’s partners. Filing is mandatory even for inactive LLPs.
Penalties for late filing are calculated based on the delay duration and are prescribed under the LLP Act, 2008. The fees increase daily, making it crucial to file on time.
Our experienced legal consultants ensure quick processing. If the required documents are prepared and submitted, we can complete your LLP’s ROC return filings within 2 to 3 working days.
Yes, filing Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) is mandatory under the LLP Act, 2008. Non-compliance will result in penalties and other legal implications.
Yes, every LLP that is registered with the MCA has to file annual returns no matter what the situation is - i.e., the turnover, the business activity, or the operational status.
A fine of ₹100 per day will be charged starting from the due date up to the date of filing. If the LLP does not file returns for two years, it can be deregistered.
The returns for the first financial year of the newly incorporated LLPs will be based on the date of incorporation. The deadline for filing will depend on the time of incorporation.
The late submission is allowed; however, the penalties will be charged for every day of delay. It is always better to file than not to file because non-submissions lead to harsher penalties.
The digital signatures of designated partners are must for both forms. If a professional certification is needed, then a professional (CA, CS, or CMA) has to certify the forms additionally.
The only differences are in the certification requirements, that vary with the turnover and contribution thresholds.
