Quick & Easy Service Annual Filings

The basic requirement of LLP is the timely filing of returns. Failure in this could be very expensive; get in touch with us to avoid late fees.

There are only 3 simple steps:

Advice on Requirements:

At Growbiz, we help you find exactly what you are looking for.

Document Drafting:

The first well drafted document will be shared with you within 3 days.

Iterations:

At Growbiz, we perform two rounds of iterations with no extra fees.

What are Annual Compliances?

In comparison to Private Limited companies, Limited Liability Partners have very few compliances to be filled. LLPs only need the file information of statement related to the company’s accounts and annual returns on an annual basis. Entities who fail in doing so could be fined heavily, with penalties going beyond 5 lacs and so.

What Are you Required to do?

Stay Disciplined:

Many firms let their compliances pending and they pile them up, which later on becomes much complicated than is often imagined. So, it is recommended to stay disciplined from the very initial days of the startup. As, if you would be looking for a bank loan or any investment, both of them would like to know if your business compliant with the Registrar of ROC’s requirements.

Regular Updates:

It is recommended to have a company secretary on call throughout the year, this not only ensures that your business is running in accordance with the laws in force but also you’ll be kept updated about the changes made by the ROC throughout the year.

What You Need To Know

Not on Exports

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

Steep Fines

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

No Going Back

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

FAQs

Every LLP, 60 days before the closure of the financial year are required to file an annual return in Form 11 with ROC.
All LLPs are bound to maintain the annual accounts that should reflect the genuine reports of information of its position and affairs. If in case, the LLP is not doing any business in the market, even then would have to comply with the statutory requirements of annual returns, balance sheet, profits, and the Income Tax Returns.
For filing an annual return for LLP form 11 is required to be filed by every LLP with the Registrar within a timeframe of 60 days. The annual return must be filed from the conclusion of the financial year.
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