For LLPs
Have an LLP? Fewer filings than a company, same late fee if you miss one.
Many LLP owners think they file less than a company, so they relax. The audit is lighter, and the meetings are gone. The two yearly forms are not. An LLP files Form 11 and Form 8 with the Registrar of Companies every year, trading or not. On those forms the late fee is ₹100 a day per form, with no upper limit. We keep the books, file GST, TDS and the LLP's income tax return, and track both ROC dates for you.
- Every filing is checked before you approve it
- A reply the same working day
- One fixed fee a month
What is different for you
The rules that apply because of how you are registered.
Two ROC forms every year.
Form 11 is the annual return. Form 8 is the statement of account and solvency. Both are due every year, even if the LLP did nothing.
The same late fee as a company.
₹100 a day per form, with no upper limit. It runs from the due date until the form is filed.
Audit only above the limits.
An LLP is audited once turnover or partner contribution crosses the limit set in the LLP law. Below that, no audit. This is the main saving over a company.
KYC for every designated partner.
Every year. Miss it and the partner's DIN is switched off until a fee is paid.
Your LLP agreement is the rulebook.
Profit shares, partner salary and interest on capital follow what it says. The tax treatment follows it too.
No board meetings, no AGM.
One less layer than a company. The partners run the LLP through the agreement.
What we do for you
Every month, this is what we take over.
- Books every month. Including each partner's capital and current account, kept up to date all year.
- GST, TDS and the LLP's income tax return. Prepared, sent to you, filed when you approve.
- Form 8 and Form 11, tracked and filed. We message you before each date, with what we need from you.
- Partner salary and interest, within the limits. An LLP can deduct only a limited amount of partner pay. Paying more is a common and costly mistake. We check the figure before it is paid.
- Notices are ours to answer. Forward it on WhatsApp. Routine notices are inside the fee.
The audit relief is real. The two yearly forms and their late fee are not lighter at all.
Software does the routine work. Our team reviews every return. You approve, then we file. How it works
Read more
The filings that matter most for you.
Questions
Things people in your position ask.
Does an LLP need an audit?
Only above the limits. An LLP is audited once its turnover or its partner contribution crosses the limits in the LLP law. Below them there is no audit, which is the main practical saving over a Private Limited company. We check the limit for you every year.
We have not started work. Do we still file?
Yes. Both yearly forms are due whether the LLP traded or not. The late fee of ₹100 a day per form starts from the due date. An idle LLP that skips a year is the most common way this fee gets large.
How is partner salary taxed?
The LLP can deduct salary and interest paid to partners only within the limits in the law. And only if the LLP agreement allows them. Anything outside that is added back to the LLP's income and taxed. We check the agreement against what is being paid. That check is the step most people skip.
Is an LLP better than a Private Limited company?
An LLP is lighter on audit and meetings. A Private Limited company is usually the better fit if you plan to raise money from investors. If you already have an LLP, we run the filings it creates.