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What are Annual Filing for LLP?

Limited liability partnerships (LLPs) has less number of compliances to fulfill in contrast to private limited companies. LLPs need only file information related to the statement of accounts and annual returns on an annual basis but failure to do so can be very costly as penalties are very high in respect of LLP noncompliance.Penalties may go up to Rs. 5 lakh in some cases.

Advantages of Annual Filing for LLP

1. Disciplined

Many businesses let their compliance requirements pile up, and compliances remains pending from their side to be fulfilled. Staying disciplined from the preliminary days will be immenselyuseful when the Annual Filing for LLP are looking for investment or a bank loan, as both would want to make sure that business is compliant with the Registrar of Companies' (ROC's) requirements.

2. Consistent Updates

Having a company secretary on call throughout the year is essential in ensuring that your business is run in accordance with the laws in force and updated thoroughly.

3. Time frame

Once the necessary documents like annual accounts etc are received the filings are done within the time frame mentioned or provided by ROC.

Working Process

Swarit Advisors Working Steps

1

Make Enquiry

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2

Make Payment

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3

Submit Documents

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Work Completed

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What is the Need for the Annual Return Filing of LLP?

Each of an LLP which has been a registered one with the MCA or ministry of the corporate affairs has to file a few annual filings each year as it’s...

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What is Annual Filing for LLP?

In today’s time, each Limited Liability Partnership which is enrolled with the Ministry of Corporate Affairs need to file their annual returns and statement of accounts in the Financial Year....

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