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LLPs Compliances

LLPs are regulated under the LLP Act, with the Ministry of Corporate Affairs and every such registered LLP has to file Annual Returns and Statement of Accounts every year.

-Annual Return: it must be filed within 60 days from the end of close of financial year.
-Statement of Accounts & Solvency: it is to be filed within 30 days from the end of six months of close of financial year.

As every LLP has to mandatorily maintain the financial year from April 1st to March 31st, it’s Annual Return and Statement of Accounts gets due on May 30th and October 30th respectively every financial year.

Mandatory Compliances for the LLP
There are certain compliances which are to be mandatorily complied every year for all the LLPs

-Annual Return ( LLP Form 11)
-Statement of Accounts ( LLP Form 8)
-LLP Tax Audit
-Income tax Return Filing

Partner/Address Change
a. Designated Partner can be added and remove at any point of time in LLP, Form 3 required to filed.
b. For address change of LLP, Form 2 required to be filed and in case of address change outside the state approval to be taken from central government.

Object/Name Change
LLP have to register with a single object but later on it can added and change their object. Like this LLP can also change their name at any point of time for extension of their business.

Closure of LLP
If business is closed then LLP also required to be closed to save the fixed cost. Closure have to be done as per the LLP Act 2009.

Conversion of Company to LLP
If a business owner required to be convert the company into LLP for saving the various compliances and operating cost of business then he/she can do the same.

Connect Soul provides a complete LLP compliance services, including Annual Filing and Income Tax Return filing at the most affordable prices.

 
     
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