Compliance for LLP (Limited Liability Partnership)
Starting from ₹8,000 + GST
Request a call back
Real Stories from Real People
Hear how teams across industries use patron to save time, cut costs, & stay in control.
Join 10,000+ Satisfied Businesses
Get expert assistance for all your business registration needs
Compliance for LLP (Limited Liability Partnership)
Before diving into the LLP compliance checklist, it’s essential to understand the nature of a Limited Liability Partnership (LLP). An LLP is a hybrid business structure that combines the flexibility of a partnership with the benefits of limited liability. It is ideal for small and medium-sized businesses, allowing partners to share responsibilities while safeguarding personal assets from business liabilities.
However, to maintain its legal status and operational integrity, an LLP must adhere to several LLP compliance requirements set by regulatory authorities, including the Government of India.
Benefits of Compliance for LLP
Separate Legal Entity Status
Limited Liability Protection
Improved Credibility & Funding Access
Penalty & Legal Risk Prevention
LLP Compliance Checklist and Process
Prepare Financial Statements
These include the balance sheet, profit and loss account, and cash flow statement, which must adhere to Indian accounting standards to reflect the LLP’s financial health accurately.
Form 11 (Annual Return)
This must be filed within 60 days after the end of the financial year. It includes details about the partners and their contributions. Form 11 is a critical part of LLP ROC compliance.
Form 8 (Statement of Accounts and Solvency)
This form, which includes the LLP’s financial statements and solvency status, must be filed within 30 days after the end of the financial year.
Submit Forms to ROC
Both Form 11 and Form 8 must be submitted to the Registrar of Companies (ROC) via the MCA portal to ensure all filings are completed within the prescribed timelines.
Documents Required for LLP Compliance in India
-
Financial statements
-
Form 11 and Form 8
-
The Partnership Deed
-
Audit report (if applicable)
Frequently Asked Questions
Have a look at the answers to the most asked questions.